Annual Economic Price Adjustment. A. The Consultant may submit a request for an economic price adjustment no more than once annually for each renewal year. Economic price adjustments will be limited to the increase specified in the Consumer Price Index –Urban for the 12-month period ending 90 days prior to the end of the then current contract year. As employed herein, the term “Consumer Price Index” will mean the Consumer Price Index for all Urban Users for the Metropolitan Washington DC area as published by the Bureau of Labor Statistic, US Department of Labor. No other economic price adjustments will be allowed.
Appears in 4 contracts
Samples: Basic Ordering Agreement, Basic Ordering Agreement, Basic Ordering Agreement
