Contract Year Pricing Clause Samples

Contract Year Pricing. 1. The Department will pay the Contractor pursuant to the terms of the Contract and in accordance with the prices quoted on the EXHIBIT C: Contractor’s Cost Worksheet. Unless clearly stated otherwise herein, all prices set forth in EXHIBIT C: Contractor’s Cost Worksheet are firm and fixed and are not subject to variation. Any print or digital catalog pricing included in this Contract shall be based on the Contractor’s current, dated, nationally published catalog or price sheet list. Prices are to include insurance, fuel surcharges and customs duties unless otherwise described on the Cost Worksheet. Prices are not to include freight, shipping or delivery unless otherwise notated on the EXHIBIT C: Contractor’s Cost Worksheet.

Contract Year Pricing. 1. Initial Contract Year Pricing- Firm Fixed Unit Price The Contractor will be paid for the services performed pursuant to the terms of the Contract and in accordance with the prices quoted and listed on the Contractor’s Solicitation Response, EXHIBIT B and final pricing documents as incorporated herein. Unless clearly stated otherwise herein, all unit prices are firm and fixed and are not subject to variation. Prices are to include, but are not limited to freight, insurance, fuel surcharges and customs duties. 2. Renewal/Option Contract Year Pricing – Firm Fixed Price with Economic Price Adjustment The de-escalation/escalation clause may permit but not obligate the Department to consider an economic price decrease/increase adjustment. Unit prices may be adjusted for each renewal period in accordance with changes in the index. The price(s) listed in the Contract shall be firm for the first year. A decrease or increase in price will be determined based upon The U. S. Government’s Bureau of Labor Statistics, Producer Price Index (PPI)/ Consumer Price Index (CPI)/ Employment Cost Index (ECI), using Index Series Id: _ _ (not seasonally adjusted) 12-month percentage for 1173X. The 12- month percentage change shall be calculated based upon the month of the date of the request. The burden of proof will be upon the contractor to substantiate the need for a price escalation. The Department reserves the right to approve or deny any requests for price escalation. Requests for price escalation should be submitted in writing, at least one hundred and twenty (120) days prior to the expiration of the contract. Consideration for Index used in the adjustment calculation will be based on final data only.

Contract Year Pricing. 1. The Department will pay the Contractor pursuant to the terms of the Contract and in accordance with the Contractor’s bid prices on the EXHIBIT C: Cost Worksheet. Unless clearly stated otherwise herein, all prices set forth in EXHIBIT C: Cost Worksheet are firm and fixed and are not subject to variation. 2. For normal operations, the total of all payments made by the Department to the Contractor shall not exceed the dollar amounts identified for each contract year in EXHIBIT C: Cost Worksheet below. The Department will issue a Purchase Order for the maximum bid amount for the initial year and will modify this Purchase Order by adding lines for each renewal year. Each renewal year will be issued for the maximum bid amounts. The issuance of the initial Purchase Order and the issuance of each line for renewal years one through four (if exercised in the sole discretion of the Department) will serve as the Contractor’s Notice to Proceed for each year. 3. For emergency operations, if necessary, the Department will utilize the existing Purchase Order and add a line for each emergency operations event. Each additional line on the Purchase Order for emergency operations will provide the maximum amount eligible for payment. The Department will generally issue the additional line on the Purchase Order and its issuance shall serve as the Notice to Proceed for each emergency event.

Contract Year Pricing. 1. The Department will pay the Supplier pursuant to the terms of the Contract and in accordance with the Supplier’s bid prices on the EXHIBIT C: Supplier’s Cost Worksheet. Unless clearly stated otherwise herein, all prices set forth in EXHIBIT C: Supplier’s Cost Worksheet are firm and fixed and are not subject to variation. Any print or digital catalog pricing included in this Contract shall be based on the Supplier’s current, dated, nationally published catalog or price sheet list. Prices are to include, freight, insurance, fuel surcharges and customs duties unless otherwise described on the Cost Worksheet.

Contract Year Pricing. 1. The Department will pay the Contractor pursuant to the terms of the Contract and in accordance with the prices quoted on the EXHIBIT C: Contractor’s Cost Worksheet. Unless clearly stated otherwise herein, all prices set forth in EXHIBIT C: Contractor’s Cost Worksheet are firm and fixed and are not subject to variation. Any print or digital catalog pricing included in this Contract shall be based on the Contractor’s current, dated, nationally published catalog or price sheet list. Prices are to include, freight, insurance, fuel surcharges and customs duties unless otherwise described on the Cost Worksheet. 2. The total of all payments made by the Department to the Contractor for the initial term of the Contract and all subsequent renewal option terms cannot exceed the dollar amount identified below. The total of all payments made by the Department to the Contractor should all renewal option terms be exercised shall not exceed $[ENTER “TOTAL OVER LIFE OF THE CONTRACT” AMOUNT HERE].

Contract Year Pricing. 1. The Department will pay the Supplier in pursuant to the terms of the Contract and in accordance with the prices quoted on the Exhibit “C” Supplier’s Cost Worksheet / Supplier’s Cost Proposal Unless clearly stated otherwise herein, all prices set forth in Exhibit “C” are firm and fixed and are not subject to variation. Any print or digital catalog pricing included in this Contract shall be based on the Supplier’s current, dated, nationally published catalog or price sheet list. Prices are to include, but are not limited to freight, insurance, fuel surcharges and customs duties unless otherwise described on the Cost Worksheet. 2. The total of all payments made by the Department to the Supplier for the initial term of the Contract and all subsequent renewal option terms cannot exceed the dollar amount identified below. The total of all payments made by the Department to the Supplier should all renewal option terms be exercised shall not exceed $[ENTER “TOTAL OVER LIFE OF THE CONTRACT” AMOUNT HERE]. (i) Rail Stripe Tape – ‘Pressure-sensitive products’ WPU0916 (ii) Drums – ‘ Consumer/institutional/commercial fabricated plastics products’ WPU072b01015 (iii) Vertical Panels and Flexible Delineator Posts – ‘ Unlaminated plastics profile shape manufacturing’ PCU326121326121 (iv) Barricades – ‘ Unsupported plastic film, sheet and other shapes’ WPU072205 (v) Traffic Cones – ‘ All other miscellaneous rubber goods’ WPU07130606 (vi) Portable Sign Systems – ‘ Non-electric signs and displays’ WPU159a0402

Contract Year Pricing. 1. Initial Contract Year Pricing- Firm Fixed Unit Price The Contractor will be paid for the services performed pursuant to the terms of the Contract and in accordance with the prices quoted and listed on the Contractor’s Solicitation Response, EXHIBIT B and final pricing documents as incorporated herein. Unless clearly stated otherwise herein, all unit prices are firm and fixed and are not subject to variation. Prices are to include, but are not limited to freight, insurance, fuel surcharges and customs duties. 2. Renewal/Option Contract Year Pricing – Firm Fixed Price with Economic Price Adjustment The de-escalation/escalation clause may permit but not obligate the Department to consider an economic price decrease/increase adjustment. Unit prices may be adjusted for each renewal period in accordance with changes in the index. The price(s) listed in the Contract shall be firm for the first year. A decrease or increase in price will be determined based upon The U. S. Government’s Bureau of Labor Statistics, Producer Price Index (PPI) using Index Series Id: PCU51821-51821 (not seasonally adjusted). The 12-month percentage change shall be calculated based upon the month of the date of the request. The burden of proof will be upon the contractor to substantiate the need for a price escalation. The Department reserves the right to approve or deny any requests for price escalation. Requests for price escalation should be submitted in writing, at least one hundred and twenty (120) days prior to the expiration of the contract. Consideration for Index used in the adjustment calculation will be based on final data only.