TERM CONTRACT. This Agreement is a non-exclusive, state term contract for local telecommunication services for a specified time period, and from which state governmental bodies must procure their requirements for such services during its term. If the State is offered a price that is ten percent (10%) less than the contract price for the same services, the State may establish a contract with the vendor offering the lower price, unless the CONTRACTOR agrees to meet those price. In all such instances, the CONTRACTOR shall be offered an opportunity to meet the offered price.
Appears in 2 contracts
Sources: Telecommunications, Telecommunications