(a) The commissioner shall adopt regulations permitting the inclusion of clauses providing for adjustments in prices, time of performance, or other contract provisions as appropriate.
(b) The commissioner shall adopt regulations permitting or requiring the inclusion in state contracts of clauses providing for appropriate remedies and covering the following subjects:
(1) liquidated damages;
(2) specified excuses for delay or nonperformance;
(3) termination of the contract for default; and
(4) termination of the contract in whole or in part for the convenience of the state.
Structure Alaska Statutes
Chapter 30. State Procurement Code
Article 6. Contract Formation and Modification.
Sec. 36.30.340. Review and approval by the Attorney General.
Sec. 36.30.360. Determination of nonresponsibility.
Sec. 36.30.362. Award of a contract to a nonresident.
Sec. 36.30.365. Notice of intent to award a contract.
Sec. 36.30.370. Permissible types of contracts.
Sec. 36.30.390. Contract term and cancellation.
Sec. 36.30.400. Required cost and pricing data and contract provisions.
Sec. 36.30.410. Right to inspect plant.
Sec. 36.30.420. Right to audit records.
Sec. 36.30.430. Contract clauses.
Sec. 36.30.460. Modification of standard clauses.
Sec. 36.30.470. Fiscal effects of construction contract modifications.
Sec. 36.30.480. Establishment and modification of cost principles.