Specifications include, but are not limited to: KSU and the successful vendor will collaborate on the timing and the amount of natural gas and basis hedges on an ongoing basis. The successful vendor will secure the Nymex Natural Gas Futures Contracts, Natural Gas Swaps or Natural Gas Basis Positions to hedge forward fixed pricing commitments to KSU and as approved and authorized by KSU. Any forward positions not hedged will be acquired and priced as described previously, along with using the process for any over hedges. The successful vendor will not charge KSU any additional fees, above vendors “Markup” as described in Section 6.12 Price, for hedging services, including margin premiums or transfer premiums above the then current market traded price at the time of the hedge. Further, the choice of what transportation contract to use for gas deliveries (GTS, DTS, etc.) will be the choice of KSU with input from the successful vendor. It is the intention of KSU to obtain the best value for the University and the successful vendor should be prepared to cooperate and interface with KSU as required to achieve this result, which may include the use of sophisticated forecasting and acquisition processes.