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MUST A CONTRACTOR COMPLETE A NEW STD -168 IF EXERCISING A RENEWAL OPTION FOR A CONTRACT THAT EXCEEDS $50,000.00?

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MUST A CONTRACTOR COMPLETE A NEW STD -168 IF EXERCISING A RENEWAL OPTION FOR A CONTRACT THAT EXCEEDS $50,000.00?

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There is no additional requirement for a contractor to complete a “new” STD -168 for renewal options that are exercised by the Commonwealth. The contractor must maintain commitments made in the STD-168 during any renewal terms.

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