Common use of BID PRICE ADJUSTMENTS Clause in Contracts

BID PRICE ADJUSTMENTS. A. When a major item is increased to more than 125% or decreased below 75% of the original quantity stated on the Bid Schedule, the unit Bid price shall be modified by written change order. Payment for major items shall be calculated by multiplying the actual quantity placed by the modified Bid price.

BID PRICE ADJUSTMENTS. A. When a major item is increased to more than one hundred twenty five percent (125% %) or decreased below seventy five percent (75% %) of the original quantity stated on the Bid Schedule, the unit Bid price shall be modified by written change order. Payment for major items shall be calculated by multiplying the actual quantity placed by the modified Bid price.