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In the situation where only just one bid is acquired, the board might, at its discretion, negotiate a mutually agreeable contract with the bidder As long as the worth paid out does not exceed the original bid. If no satisfactory bid is acquired, the board may possibly readvertise. Typical necessity selling price contracts established for materials or products and services to be purchased with the district must be recognized by competitive bids. Such conventional necessity value contracts may perhaps include escalation clauses and could supply for the negotiated rate maximize or decrease dependent on a demonstrable industrywide or regional boost or minimize in the vendor's expenses. Possibly social gathering towards the agreement might ask for that the opposite party exhibit these types of enhance or lessen. The expression of this kind of contracts will have to not exceed two many years with a possibility around the Element of the district to renew for an additional two many years, apart from as offered in subdivision 3 or seven. Contracts for the purchase of perishable food stuff merchandise, apart from milk for faculty lunches and vocational instruction plans, in almost any quantity may very well be made by immediate negotiation by obtaining two or more prepared quotations for the purchase or sale, when attainable, devoid of advertising for bids or or else complying with the necessities of the section or part 471.345, subdivision three. All quotations received shall be kept on file for just a period of a minimum of one particular calendar year following receipt.