RETROACTIVE
CONTRACTS:
A retroactive contract occurs when an agency fails to
have the necessary approval and paperwork completed before the contractor begins
work and before the contract is registered. Retroactive contracts result
in severe hardship to contractors because payments cannot
be made until the
contracts have been submitted to, and registered by, the Comptroller's Office. In
most instances, a retroactive contract will not impact a vendor for the first
30 days. This is because contractors are usually not due a payment until after
the first month of work. Therefore, the chart below allows for a 30 day "grace
period" before a contract is included as late.
This chart only
represents contracts for Client Services, such as, day and foster care, senior
citizen centers, mental and medical health services, etc. Retroactive contracts
are most often found in these types of contracts.
This page is updated
monthly.
View Current Chart
July 09-Oct 09 - View in pdf
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