Common use of Additional Price Adjustments for Consideration Clause in Contracts

Additional Price Adjustments for Consideration. Notwithstanding the allowable PPI Price Adjustment, an adjustment in price may be permitted during the contract period if a government mandated program (e.g., a new standard for emissions) takes effect OR if the OEM supplying the Contractor undergoes a complete change in platform. Contractor shall be required to provide adequate, suitable documentation to Procurement Services, who shall then determine if the requested price change is verifiable and reasonable. OGS reserves the right to terminate the contract(s) if it deems the price adjustment pursuant to this paragraph is not in the best interests of the state.

Appears in 23 contracts

Samples: Agreement, Agreement, Agreement

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