62 Pa. C.S. § 501

Current through Pa Acts 2024-53, 2024-56 through 2024-95

Section 501 - Definitions

The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise:

"Established catalog price." The price included in a catalog, price list, schedule or other form that:

(1) is regularly maintained by a manufacturer or contractor;

(2) is either published or otherwise available for inspection by customers; and

(3) states prices at which sales are currently or were last made to a significant number of any category of buyers or buyers constituting the general buying public for the supplies or services involved.

"Life cycle cost." The total cost of the supply in terms of purchase cost, installation cost, maintenance cost, energy cost, supply cost and other costs.

"Procurement description." The words used in a solicitation to describe the supplies, services or construction to be procured. The term includes specifications attached to or made a part of the solicitation.

62 Pa.C.S. § 501

1998, May 15, P.L. 358, No. 57, § 1, effective in 180 days. Amended 2002, Dec. 3, P.L. 1147, No. 142, § 3, imd. effective.