(1) The term of an agreement under 7-32-2201 with a private party may not exceed 3 years.
(2) The agreement must include:
(a) detailed standards for the operation of the detention center and the incarceration of inmates;
(b) a performance bond from the private party acceptable to the local government;
(c) a promise from the private party to indemnify the local government for any damages for which the local government is found liable as a result of the operation of the detention center;
(d) a provision that the private party must purchase liability insurance in an amount acceptable to the local government;
(e) minimum standards for the training of detention center staff and a provision that the private party will ensure such training; and
(f) a provision that the local government may immediately terminate the contract for good cause.
(3) The provisions of Title 7 relating to bids for local government contracts and purchases do not apply to a contract entered into under 7-32-2201 and this section.