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What is the duration of contracts?

contracts duration
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What is the duration of contracts?

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The Wayne County Airport Authority normally contracts for two types of purchases; one-time and term. One-time contracts may include goods and/or services and require a firm price for a fixed quantity. Term contracts may include goods and/or services to be delivered and/or performed on an as-needed basis, at fixed unit prices or fixed discount schedules. Term contracts are generally for estimated quantities of materials or services.

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