Multiyear Contract

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Multiyear Contract

Post by BAC Sec. on Fri Nov 06, 2015 1:54 pm

Can anyone please have a definitive interpretation or definition of a multi-year contract? Is it required that all contracts for general support services shall commence on January and end on December of the current fiscal year ? In the event such a contract starts on a different month of the current year and ends on another month of the following year though covered for one year or for 365 days becomes a multi-year contract?
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BAC Sec.
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