What is the duration of contracts?
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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- What is the duration of contracts?