A unit may not enter into a procurement contract except as allowed under this Division II. Except as otherwise provided in this Division II, if a procurement violates this Division II, the procurement contract is void. Whenever a procurement contract is void under this subsection, the contractor shall be awarded compensation for actual expenses reasonably incurred under the procurement contract, plus a reasonable profit, if the contractor: acted in good faith; did not directly contribute to a violation of this Division II; and had no knowledge of the violation before the procurement contract was awarded. Whenever a procurement violates this Division II, the Board may determine that the procurement contract is voidable, rather than void, if the Board determines that: all parties acted in good faith; ratification of the procurement contract would not undermine the purposes of this Division II; and the violation or series of violations was insignificant or otherwise did not prevent substantial compliance with this Division II. Whenever a procurement contract is voidable under this subsection and the contractor has not acted in violation of this Division II, the unit may: ratify the procurement contract if the unit determines that ratification is in the best interests of the State; or void the procurement contract and award the contractor compensation for actual expenses reasonably incurred under the contract, plus a reasonable profit. Whenever a procurement contract is voidable under this subsection and the contractor has acted in violation of this Division II, the unit: may void the procurement contract; or without prejudice to the State’s right to appropriate damages, may ratify the procurement contract if the unit determines that ratification is in the best interests of the State.