8.6 Competitive Negotiation. The University reserves the right to exercise the provisions of KRS 45A.085 regarding competitive negotiation when it is considered to be in the best interest of the University. It is the intent of the Purchasing Official to award a contract in due course and after a reasonable Offer evaluation period to the Responsive and Responsible Offeror offering the best value to the University, provided the acceptable Proposal sum is within budgeted funds. In the event that all Proposals submitted result in prices in excess of funds available, KSU may enter into competitive negotiations subject to the guidelines and restrictions of KRS 45A.090.
8.7 Rejection of Alternate Proposals. The University reserves the right to accept or reject any or all alternate Proposals if provided for in the Proposal Documents.
9.1 Inquiries. The Purchasing Official shall have the right to make any inquiry deemed necessary to determine the ability of the Offeror to perform the work in a prompt and efficient manner and in accordance with the RFP Documents. Failure of an Offeror to promptly supply information in connection with the Purchasing Official's inquiry may be grounds for a determination that Offeror is nonresponsive.
9.2 Rejection. The right is reserved to reject any Proposal where an investigation and evaluation of the Offeror's qualifications would give reasonable doubt that the Offeror could perform prompt and efficient completion of the work and services in accordance with the requirements of the RFP Documents.
10.1 The issuance of an award of the Contract is contingent upon (i) securing an acceptable Response that is responsive and from a responsible Offeror and is within the amount of budgeted funds and (ii) determining that the award of Contract will be in the best interest of Kentucky State University.
10.2 Unless otherwise provided in the RFP Documents, the resulting Contract will consist of the RFP with any issued addenda, drawings, specifications, the Offeror's submitted Proposal, and the Notice of Award letter.
10.3 The Contract between Kentucky State University and the Contractor will be final and binding when the parties have executed the Agreement between the Owner and Contractor.
11.1 Forms Required. An Authentication of RFP, Statement of Non-Collusion and Non-Conflict of Interest documents are bound with and included as part of the Request for Proposal. The Offeror is required to sign the document and submit it as part of the Proposal. Failure to comply with these requirements shall invalidate the Proposal.
11.2 Foreign Corporations. Foreign Corporations are defined as corporations that are organized under laws other than the laws of the Commonwealth of Kentucky. Foreign Corporations doing business within the Commonwealth of Kentucky are required to be registered with the Secretary of State, New Capitol Building, Frankfort, Kentucky, and must be in good standing.
11.3 The Foreign Corporate Offeror, if not registered with the Secretary of State at the time of the Proposal submittal, shall be required to become registered and be declared in good standing prior to the issuance or receipt of a Contract. However, the Contractor need not be registered as a prerequisite for responding to the RFP.
11.4 Domestic Corporations. Domestic corporations are required to be in good standing with the requirements and provisions of the Office of the Secretary of State.