COST ADJUSTMENTS Cost Adjustments Negotiated Based on Changes in Contractor’s Costs. After the Contract’s initial term and if State agrees to a renewal, the parties may negotiate cost adjustments at the time of Contract renewal. Any cost increases must be based on demonstrated industrywide or regional increases in Contractor’s costs. State is not obligated to agree upon a renewal or a cost increase.
Appears in 7 contracts
Samples: Contract Amendment, Contract for Onsite Hearing Tests and Remote Audiology Services, Contract for Mid Level Medical Practitioner Services
COST ADJUSTMENTS
Cost Adjustments Negotiated Based on Changes in Contractor’s Costs. After the Contract’s initial term and if State agrees to a renewal, the The parties may negotiate cost adjustments at the time of Contract renewaladjustments. Any cost increases must be based on demonstrated industrywide or regional increases in Contractor’s costs. State is not obligated to agree upon a renewal or to a cost increase.
Appears in 1 contract
Samples: Contract
