Office Lease Negotiated With Utah Higher Education System | Utah Department of Financial Institutions Board | State of Utah | UTAH SYSTEM OF HIGHER EDUCATION (USHE)

Scope & details

The full contract record, as filed.

Contract amount

$320,000 already approved annually; $168,000 additional budget request, increasing annual rental expense to $488,000 by the ninth year

Contract type

FACILITIES

Contract term

10-year, 118-month lease; final year will encompass 10 months

Renewal

Lease term is 118 months, structured as a 10-year agreement with a 10-month final year. No renewal options or automatic renewal provisions were stated.

Document type

Minutes

Source document

Utah Department of Financial Institutions Minutes Board of Financial Institutions Meeting 2024-09-18

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Utah Department of Financial Institutions Board | State of Utah?

Utah System of Higher Education (ushe) was awarded this facilities contract by Utah Department of Financial Institutions Board | State of Utah, as recorded on September 18, 2024. The contract value is $320,000 already approved annually; $168,000 additional budget request, increasing annual rental expense to $488,000 by the ninth year.

How much is the Utah System of Higher Education (ushe) contract with Utah Department of Financial Institutions Board | State of Utah worth?

The Utah System of Higher Education (ushe) contract with Utah Department of Financial Institutions Board | State of Utah is valued at $320,000 already approved annually; $168,000 additional budget request, increasing annual rental expense to $488,000 by the ninth year, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Utah Department of Financial Institutions Minutes Board of Financial Institutions Meeting 2024-09-18 (Minutes), dated September 18, 2024 from Utah Department of Financial Institutions Board | State of Utah. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Utah System of Higher Education (ushe) hold?

Utah System of Higher Education (ushe) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Utah Department of Financial Institutions Board | State of Utah currently buying?

Explore Utah Department of Financial Institutions Board | State of Utah's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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