Louisiana Memorandum of Gas Purchase Contract

State:
Multi-State
Control #:
US-OG-650
Format:
Word; 
Rich Text
Instant download

Description

This is a form of Memorandum of a contract for the sale by Seller to Buyer of gas produced and to be produced from Seller's Oil and Gas Leases in the county and state named in this form.

How to fill out Memorandum Of Gas Purchase Contract?

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FAQ

Under the MAS Program, GSA issues long-term governmentwide contracts that provide federal, state, and local government buyers access to commercial products, services and solutions at pre negotiated pricing.

LaMAS - Louisiana Multiple Award Schedule LaMAS is a program allowed by the Louisiana Legislature to establish Louisiana contracts based on pricing negotiated by the Federal Government in their General Service Administration (GSA) contracts. Public entities may not buy directly from a GSA schedule.

The purpose of the public bid law is to ensure that public entities receive the best possible price when using public funds for the procurement of materials and supplies or public works. Procurement rules for state executive branch entities are contained in the Louisiana Procurement Code (LPC).

The GSA Schedule, also known as Federal Supply Schedule, and Multiple Award Schedule (MAS), is a long-term governmentwide contract with commercial companies that provide access to millions of commercial products and services at fair and reasonable prices to the government.

Formerly referred to as GSA Schedule 70 or GSA IT70, this category covers a broad range of IT hardware, software, and services. It is an indefinite delivery, indefinite quantity contract, meaning there are no orders or a set amount of dollars attached to it.

Louisiana Laws - Louisiana State Legislature. A contract is an agreement by two or more parties whereby obligations are created, modified, or extinguished.

Multiple Award Schedule (MAS) means contracts awarded by GSA or the Department of Veterans Affairs (VA) for similar or comparable supplies, or services, established with more than one supplier, at varying prices.

The Louisiana Procurement Code is a set of laws that govern the purchase of certain services, materials and supplies, and major repairs by most state agencies. For example, the Department of Natural Resources and the Attorney General are state agencies that must follow the LPC.

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Louisiana Memorandum of Gas Purchase Contract