Common use of TERM CONTRACT Clause in Contracts

TERM CONTRACT. 2.1. This Invitation is to establish one or more term contracts. No guaranteed minimum or maximum purchase quantities are either stated or implied. The quantities listed are estimates only and are based on history or department survey. The City may purchase more or less than the amounts shown. All orders shall be on an as needed basis, subject to the availability of funding and budgetary considerations. 2.2. The term of the initial contract shall be two (2) years, effective from the date of the award letter.

TERM CONTRACT. 2.1. This Invitation is to establish one or more term contractscontracts for these items. No guaranteed minimum or maximum purchase quantities are either stated or implied. The quantities listed are estimates only and are based on past history or department survey. The City may purchase more or less than the amounts shown. All orders shall be on an “as needed needed” basis, subject to the availability of funding and budgetary considerations. 2.2. The term of the initial contract shall be two one (21) yearsyear, effective from the date of the award letter.