92.1. If a contract involves an expenditure of $100,000 or more, the transit authority must establish an estimate of the price before any tenders are opened or the contract is entered into.
If a call for tenders contains a contract renewal option, the estimate of the price of the contract must include the renewal and any possible subsequent renewals.
Likewise, if a call for tenders contains an option to make an additional supply of the same goods or services, the estimate of the price of the contract must include the additional supply and any subsequent additional supply.
2010, c. 1, s. 54; 2018, c. 8, s. 2151.