28.2.10 Multi-year Contracts and Multi-year Vendor Selection

Based on the multi-annual planning of budget (27.5.2), the Procurement Departments may conclude multi-year contracts or contracts crossing fiscal years according to the nature and purpose of the procurement cases. However, it is stipulated separately at 28.5.2, Stipulations for Multi-year contracts and Multi-year Vendor Selection about the necessary requisitions for multi-year contracts and contracts crossing fiscal years. In addition, the Procurement Departments may accomplish the selection of vendors by multi-year valid conditions or procedures. To conclude procurement via such selection method, the Procurement Departments must take appropriate actions by necessity, such as regularly review for the continuity etc.

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