Services Contract SRV-1 Sample →

Description

Contract #: _________________________ STATE OF ARKANSAS SERVICES CONTRACT Contract # Federal ID # Service Type Procurement Method 1. Contracting Parties. State of Arkansas is hereinafter referred to as the Department and contractor is herein after referred to as the Contractor. Division Contractor Name Contractor Address Minority/Women Owned Business Yes No m Contractor Number pl e Department No. & Name Sa 2. Objectives, Scope, and Performance. Identify, in reasonable detail, the objectives and scope of the contractual agreement and the methods the Department will use to determine whether the objectives of the contract (Contract) have been achieved. If space below is insufficient it may be supplemented with Attachment 4. 3. Term Dates. The original term (Original Term) of the Contract shall commence on ____________, and shall continue until ____________, unless earlier terminated or cancelled in accordance with the Contract or some other writing agreed to and signed by the parties, but in no event may the Original Term exceed a period of four (4) consecutive years from the effective date of the Original Term, unless exempt from Arkansas Code Annotated § 19-11-238(c)(1). By written agreement of the parties, the term of the Contract may be extended or renewed for additional time beyond the Original Term. This allows for a total possible term (Total Possible Term) beyond the Contract’s Original Term, as defined in the following paragraph. Form SRV-1 Page 1 of 11 11/07/2024 0 Contract #: _________________________ The Total Possible Term of the Contract is a period comprised of the Original Term plus any extensions or renewals that may be agreed to by the parties in writing, but in no event longer than a period of seven (7) consecutive years from the effective date of the Original Term, unless otherwise provided by law. Subject to applicable law, the terms hereof, and an appropriation of necessary funding, the Total Possible Term of this Contract expires no later than ____________ (mm/dd/yyyy). pl e 4. Contractor’s Performance Obligations. Contractor, for the duration of the Contract and as consideration for the Department’s payment as set forth below, shall provide the following to the Department: Sa m The parties agree that this paragraph 4 of the Contract, and any incorporated attachment, fully sets forth the Contractor’s performance upon which the Department’s obligation to pay the Contractor is conditioned.