Purchases or leases; form of contract.

1. Law
2. Nebraska Revised Statutes
3. State Administrative Departments
4. Purchases or leases; form of contract.

81-162. Purchases or leases; form of contract.

Contracts for purchases or leases may be made in any of the following forms:

(1) For the furnishing of specific personal property at specific prices;

(2) For the furnishing of personal property, according to the specifications, at a fixed rate for a minimum quantity, subject to furnishing a greater quantity at the same or a lesser rate; or

(3) For the furnishing of personal property, according to the specifications without a stated minimum at a rate stated, commonly known as a price agreement.

The form of the contract to be used in any case shall be subject to the discretion of the materiel division.

Source

• Laws 1943, c. 215, § 18, p. 709;
• R.S.1943, § 81-162;
• Laws 1975, LB 359, § 11;
• Laws 1992, LB 1241, § 20.

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