Common use of ECONOMIC ADJUSTMENT Clause in Contracts

ECONOMIC ADJUSTMENT. Beginning twelve (12) months after the effective date of this Master Contract and for every annual anniversary thereafter, the prices set forth in Exhibit B – Prices shall be adjusted, based upon the percent changes (whether up or down) in the United States Department of Labor, Bureau of Labor and Statistics (BLS) indices described below, for the most recent year. Economic adjustment will lag one (1) calendar quarter past the Contract commencement date to allow for publication of BLS data. All calculations for the index shall be based upon the latest version of data published as of June 1 each year. Prices shall be adjusted on July 1 of each year. If an index is recoded (i.e., the recoded index is a direct substitute for the prior index according to the BLS), this Master Contract will use the recoded index, as applicable. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used. The economic adjustment shall be calculated as follows: New Price = Old Price x [sum of all PPI values(Current Period Index/Base Period Index*percentage)]. The “Current Period Index” is the average of the most recent twelve months of BLS Index values, and the “Base Period Index” is the average of the twelve months of BLS Index values prior to the Current Period Index. PPI values, including those that are preliminary at the time of the request, will be utilized in the analysis. PPI Name PPI Code Category 8B: Standard Gradation Road Salt, Insoluble Material Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt, not seasonally adjusted WPU06130271 Eastern: 21% North Central: 18% South Central: 17% Southwest:16% Olympic: 17% Northwest: 15% Rail Transportation PPI industry sub-sector data for Rail transportation, not seasonally adjusted PCU482---482--- Eastern: 54% North Central: 45% South Central: 46% Southwest: 44% Olympic: 47% Northwest: 50% Truck Transportation PPI industry sub-sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 25% North Central: 37% South Central: 37% Southwest: 40% Olympic: 36% Northwest: 35% Category PPI Name PPI Code Category 4C: Corrosion Inhibited Solid Sodium Chloride- Grade 2 Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt, not seasonally adjusted WPU06130271 Eastern: 33% North Central: 30% South Central:25% Southwest: 25% Olympic: 26% Northwest: 24% Chemical Manufacturing PPI industry data for Other basic inorganic chemical manufacturing-Primary products, not seasonally adjusted PCU325180325180P Eastern: 3% North Central: 3% South Central:3% Southwest: 3% Olympic: 3% Northwest: 3% Rail Transportation PPI industry sub-sector data for Rail transportation, not seasonally adjusted PCU482---482--- Eastern: 44% North Central: 42% South Central:40% Southwest: 40% Olympic: 42% Northwest: 44% Truck Transportation PPI industry sub-sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 20% North Central: 25% South Central:32% Southwest: 32% Olympic: 29% Northwest: 29% Category PPI Name PPI Code Category 8A-B: Standard Gradation, Brining Salt (used as road salt) Category 8A-R: Standard Gradation, Road Salt Category 8C-R: Fine Gradation Road Salt Category 8C-B: Fine Gradation, Brining Salt Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt, not seasonally adjusted WPU06130271 Eastern: 40% North Central: 35% South Central: 31% Southwest: 31% Olympic: 33% Northwest: 29% Rail Transportation PPI industry sub-sector data for Rail transportation, not seasonally adjusted PCU482---482--- Eastern: 41% North Central: 36% South Central: 38% Southwest: 37% Olympic: 38% Northwest: 42% Truck Transportation PPI industry sub-sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 19% North Central: 29% South Central: 31% Southwest: 32% Olympic: 29% Northwest: 29% Diesel Fuel Surcharge: Contractors may charge a Diesel Fuel Surcharge based on changes in fuel cost from the baseline rate, which will be established on the effective date of the award. The changes in the Diesel Fuel Surcharge are based on the price changes from Oil Price Information Service (OPIS) for Spokane, Washington contract average rack price for ultra-low #2 diesel (USLD #2 Clear) fuel using the report subscribed to and received by Enterprise Services. The Contract Administrator will verify OPIS pricing on the effective date of the contract (the baseline rate) and the price on the 20th of each month (or nearest business day) thereafter, and adjust the Diesel Fuel Surcharge on the DES contract webpage if applicable to be effective on the first day of the month. This adjustment will be considered an administrative action, not requiring a contract amendment. Should the price per gallon of diesel fuel change (whether an increase or a decrease) by more than 5% from the baseline rate, this change would be reflected in the Diesel Fuel Surcharge. If the change is less than 5% of the baseline there will not be a Diesel Fuel Surcharge for that month. The fuel price adjustment will be $0.01 per mile for every $0.05 change in fuel price and be applied to the established miles between points in the Purchase Order. Mileage will be disclosed on each invoice and may be verified by the Purchaser prior to acceptance of the surcharge. Example 1: Baseline price of fuel is $3.00/gallon. OPIS indicates a 5% increase of $0.15/gallon. Vendor may charge $0.03/mile. Mileage is 100 miles round trip. $0.15 gallon / $0.05 = $0.03 gallon x 100 miles = $3. Contractor will invoice a separate line item indicating diesel fuel surcharge and mileage. Example 2: Baseline price of fuel is $3.00/galloon. OPIS indicates a 10% decrease of $0.30/gallon. Vendor must credit $0.06/mile. Mileage is 100 miles round trip. $0.30 gallon / $0.05 = $0.06 x 100 miles = -$6. Contractor will invoice a separate line item indicating diesel fuel credit and mileage. If the fuel price returns to the baseline, surcharges may no longer be charged. Price Ceiling. Although Contractor may offer lower prices to Purchasers, during the term of this Master Contract, Contractor guarantees to provide the Goods/Services at no greater than the prices set forth in Exhibit B – Prices for Goods (subject to economic adjustment as set forth herein). Master Contract Information. Enterprise Services shall maintain and provide to eligible Purchasers information regarding this Master Contract, including scope, pricing, and lowest responsive, responsible bidder designation. In addition, Enterprise Services identifies awarded contractors who qualify as Washington Small Businesses, Certified Veteran-Owned Businesses, or that, pursuant to the Master Contract provide Goods/Services that meet specified state procurement priorities as set forth in the Competitive Solicitation.

Appears in 1 contract

Samples: apps.des.wa.gov

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ECONOMIC ADJUSTMENT. Beginning twelve (12) months after the effective date of this Master Statewide Contract and for every annual anniversary thereafter, the prices set forth in Exhibit B – Included Good/Services/Prices shall may be adjustedadjusted upon Contractor request. Requests for price adjustments must be made in writing and be received sixty (60) days prior to the adjustment date (the annual anniversary of the effective date of the Statewide Contract). In the event Contractor fails to timely request a price adjustment, based upon Enterprise Services, at its sole discretion, may allow an untimely adjustment; Provided, however, that such adjustment will not be effective for any time prior to Enterprise Services’ price adjustment. Price adjustments will be made in accordance with the percent changes (whether up or down) average percentage change in the United States Department of Labor, Bureau of Labor and Statistics (BLS) indices described below, Produce Price Indices (PPI) below issued for the most recent yearcontract term. Economic adjustment The PPI’s listed below will lag one be weighted based on the cost breakdown submitted with the bid. Category Producer Price Index (1PPI) calendar quarter past the Contract commencement date to allow for publication of BLS data. All calculations for the index shall be based upon the latest version of data published as of June 1 each year. Prices shall be adjusted on July 1 of each year. If an index is recoded Percentage Aerosols PCU3329-3329 (i.e., the recoded index is a direct substitute for the prior index according to the BLSOther fabricated metal products mfg.), this Master 30 PCU325199325199E (All Other Basic Organic Chemical Manufacturing: Natural Organic Chemicals) 20 PCU32592-32592 (Explosives mfg.) 20 PCU326299326299B (All Other Rubber Product Manufacturing: All Other Miscellaneous Rubber Goods) 20 PCU484---484--- Truck Transportation (PPI industry sub- sector data for Truck transportation, not seasonally adjusted) 10 Only final PPI data will be used to adjust contract pricing. This Statewide Contract will use the recoded index, as applicableseasonally unadjusted indexes. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used. The economic adjustment shall Economic adjustments will be calculated as followsusing the following formula: New Price = Old Price x [sum of all PPI values(Current (Current Period Index/Base Period Index*percentageIndex)]. The “Current Period Index” is the average of the most recent twelve months of non- preliminary BLS Index values, and the “Base Period Index” is the average of the twelve months of non-preliminary BLS Index values prior to the Current Period Index. PPI values, including those that are preliminary at the time of the request, will be utilized in the analysis. PPI Name PPI Code Category 8B: Standard Gradation Road Salt, Insoluble Material Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt, not seasonally adjusted WPU06130271 Eastern: 21% North Central: 18% South Central: 17% Southwest:16% Olympic: 17% Northwest: 15% Rail Transportation PPI industry sub-sector data for Rail transportation, not seasonally adjusted PCU482---482--- Eastern: 54% North Central: 45% South Central: 46% Southwest: 44% Olympic: 47% Northwest: 50% Truck Transportation PPI industry sub-sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 25% North Central: 37% South Central: 37% Southwest: 40% Olympic: 36% Northwest: 35% Category PPI Name PPI Code Category 4C: Corrosion Inhibited Solid Sodium Chloride- Grade 2 Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt, not seasonally adjusted WPU06130271 Eastern: 33% North Central: 30% South Central:25% Southwest: 25% Olympic: 26% Northwest: 24% Chemical Manufacturing PPI industry data for Other basic inorganic chemical manufacturing-Primary products, not seasonally adjusted PCU325180325180P Eastern: 3% North Central: 3% South Central:3% Southwest: 3% Olympic: 3% Northwest: 3% Rail Transportation PPI industry sub-sector data for Rail transportation, not seasonally adjusted PCU482---482--- Eastern: 44% North Central: 42% South Central:40% Southwest: 40% Olympic: 42% Northwest: 44% Truck Transportation PPI industry sub-sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 20% North Central: 25% South Central:32% Southwest: 32% Olympic: 29% Northwest: 29% Category PPI Name PPI Code Category 8A-B: Standard Gradation, Brining Salt (used as road salt) Category 8A-R: Standard Gradation, Road Salt Category 8C-R: Fine Gradation Road Salt Category 8C-B: Fine Gradation, Brining Salt Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt, not seasonally adjusted WPU06130271 Eastern: 40% North Central: 35% South Central: 31% Southwest: 31% Olympic: 33% Northwest: 29% Rail Transportation PPI industry sub-sector data for Rail transportation, not seasonally adjusted PCU482---482--- Eastern: 41% North Central: 36% South Central: 38% Southwest: 37% Olympic: 38% Northwest: 42% Truck Transportation PPI industry sub-sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 19% North Central: 29% South Central: 31% Southwest: 32% Olympic: 29% Northwest: 29% Diesel Fuel Surcharge: Contractors may charge a Diesel Fuel Surcharge based on changes in fuel cost from the baseline rate, which will be established on the effective date of the award. The changes in the Diesel Fuel Surcharge are based on the price changes from Oil Price Information Service (OPIS) for Spokane, Washington contract average rack price for ultra-low #2 diesel (USLD #2 Clear) fuel using the report subscribed to and received by Enterprise Services. The Contract Administrator will verify OPIS pricing on the effective date of the contract (the baseline rate) and the price on the 20th of each month (or nearest business day) thereafter, and adjust the Diesel Fuel Surcharge on the DES contract webpage if applicable to be effective on the first day of the month. This adjustment will be considered an administrative action, not requiring a contract amendment. Should the price per gallon of diesel fuel change (whether an increase or a decrease) by more than 5% from the baseline rate, this change would be reflected in the Diesel Fuel Surcharge. If the change is less than 5% of the baseline there will not be a Diesel Fuel Surcharge for that month. The fuel price adjustment will be $0.01 per mile for every $0.05 change in fuel price and be applied to the established miles between points in the Purchase Order. Mileage will be disclosed on each invoice and may be verified by the Purchaser prior to acceptance of the surcharge. Example 1: Baseline price of fuel is $3.00/gallon. OPIS indicates a 5% increase of $0.15/gallon. Vendor may charge $0.03/mile. Mileage is 100 miles round trip. $0.15 gallon / $0.05 = $0.03 gallon x 100 miles = $3. Contractor will invoice a separate line item indicating diesel fuel surcharge and mileage. Example 2: Baseline price of fuel is $3.00/galloon. OPIS indicates a 10% decrease of $0.30/gallon. Vendor must credit $0.06/mile. Mileage is 100 miles round trip. $0.30 gallon / $0.05 = $0.06 x 100 miles = -$6. Contractor will invoice a separate line item indicating diesel fuel credit and mileage. If the fuel price returns to the baseline, surcharges may no longer be charged. Price Ceiling. Although Contractor may offer lower prices to Purchasers, during the term of this Master Contract, Contractor guarantees to provide the Goods/Services at no greater than the prices set forth in Exhibit B – Prices for Goods (subject to economic adjustment as set forth herein). Master Contract Information. Enterprise Services shall maintain and provide to eligible Purchasers information regarding this Master Contract, including scope, pricing, and lowest responsive, responsible bidder designation. In addition, Enterprise Services identifies awarded contractors who qualify as Washington Small Businesses, Certified Veteran-Owned Businesses, or that, pursuant to the Master Contract provide Goods/Services that meet specified state procurement priorities as set forth in the Competitive Solicitation.

Appears in 1 contract

Samples: Lethal Munitions

ECONOMIC ADJUSTMENT. Beginning twelve (12) months after the effective date of this Master Contract and for every annual anniversary thereafter, the prices set forth in Exhibit B – Prices shall be adjusted, based upon the percent changes (whether up or down) in the United States Department of Labor, Bureau of Labor and Statistics (BLS) indices described below, for the most recent year. Economic adjustment will lag one (1) calendar quarter past the Contract commencement date to allow for publication of BLS data. All calculations for the index shall be based upon the latest version of data published as of June 1 each year. Prices shall be adjusted on July 1 of each year. If an index is recoded (i.e., the recoded index is a direct substitute for the prior index according to the BLS), this Master Contract will use the recoded index, as applicable. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used. The economic adjustment shall be calculated as follows: New Price = Old Price x [sum of all PPI values(Current Period Index/Base Period Index*percentage)]. The “Current Period Index” is the average of the most recent twelve months of BLS Index values, and the “Base Period Index” is the average of the twelve months of BLS Index values prior to the Current Period Index. PPI values, including those that are preliminary at the time of the request, will be utilized in the analysis. Category PPI Name PPI Code Category 8BA-1: Standard Gradation Road Salt, Insoluble Material Corrosion Inhibitor for Sodium Chloride Brine Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt, not seasonally adjusted WPU06130271 Eastern: 2180% North Central: 18% South Central: 17% Southwest:16% Olympic: 17% Northwest: Chemical Manufacturing PPI industry data for Other basic inorganic chemical manufacturing- Primary products, not seasonally adjusted PCU325180325180P 15% Rail Transportation PPI industry sub-sub- sector data for Rail PCU482---482--- transportation, not seasonally adjusted PCU482---482--- Eastern: 54% North Central: 45% South Central: 46% Southwest: 44% Olympic: 47% Northwest: 50% Truck Transportation PPI industry sub-sub- sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 255% North Central: 37% South Central: 37% Southwest: 40% Olympic: 36% Northwest: 35% Category PPI Name PPI Code Category 4C: Corrosion Inhibited Solid Sodium Chloride- Grade 2 Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt, not seasonally adjusted WPU06130271 Eastern: 33% North Central: 30% South Central:25% Southwest: 25% Olympic: 26% Northwest: 24% Chemical Manufacturing Deep Sea Transportation PPI industry data for Other basic inorganic chemical manufacturing-Primary products, not seasonally adjusted PCU325180325180P Eastern: 3% North Central: 3% South Central:3% Southwest: 3% Olympic: 3% Northwest: 3% Rail Transportation PPI industry sub-sector data for Rail Deep sea freight transportation, not seasonally adjusted PCU482---482--- Eastern: 44% North Central: 42% South Central:40% Southwest: 40% Olympic: 42% Northwest: 44% Truck Transportation PPI industry sub-sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 20% North Central: 25% South Central:32% Southwest: 32% Olympic: 29% Northwest: 29% Category PPI Name PPI Code Category 8A-B: Standard Gradation, Brining Salt (used as road salt) Category 8A-R: Standard Gradation, Road Salt Category 8C-R: Fine Gradation Road Salt Category 8C-B: Fine Gradation, Brining Salt Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt, not seasonally adjusted WPU06130271 Eastern: 40% North Central: 35% South Central: 31% Southwest: 31% Olympic: 33% Northwest: 29% Rail Transportation PPI industry sub-sector data for Rail transportation, not seasonally adjusted PCU482---482--- Eastern: 41% North Central: 36% South Central: 38% Southwest: 37% Olympic: 38% Northwest: 42% Truck Transportation PPI industry sub-sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 19% North Central: 29% South Central: 31% Southwest: 32% Olympic: 29% Northwest: 29% PCU483111483111 Diesel Fuel Surcharge: Contractors may charge a Diesel Fuel Surcharge based on changes in fuel cost from the baseline rate, which will be established on the effective date of the award. The changes in the Diesel Fuel Surcharge are based on the price changes from Oil Price Information Service (OPIS) for Spokane, Washington contract average rack price for ultra-low #2 diesel (USLD #2 Clear) fuel using the report subscribed to and received by Enterprise Services. The Contract Administrator will verify OPIS pricing on the effective date of the contract (the baseline rate) and the price on the 20th of each month (or nearest business day) thereafter, and adjust the Diesel Fuel Surcharge on the DES contract webpage if applicable to be effective on the first day of the month. This adjustment will be considered an administrative action, not requiring a contract amendment. Should the price per gallon of diesel fuel change (whether an increase or a decrease) by more than 5% from the baseline rate, this change would be reflected in the Diesel Fuel Surcharge. If the change is less than 5% of the baseline there will not be a Diesel Fuel Surcharge for that month. The fuel price adjustment will be $0.01 per mile for every $0.05 change in fuel price and be applied to the established miles between points in the Purchase Order. Mileage will be disclosed on each invoice and may be verified by the Purchaser prior to acceptance of the surcharge. Example 1: Baseline price of fuel is $3.00/gallon. OPIS indicates a 5% increase of $0.15/gallon. Vendor may charge $0.03/mile. Mileage is 100 miles round trip. $0.15 gallon / $0.05 = $0.03 gallon x 100 miles = $3. Contractor will invoice a separate line item indicating diesel fuel surcharge and mileage. Example 2: Baseline price of fuel is $3.00/galloon. OPIS indicates a 10% decrease of $0.30/gallon. Vendor must credit $0.06/mile. Mileage is 100 miles round trip. $0.30 gallon / $0.05 = $0.06 x 100 miles = -$6. Contractor will invoice a separate line item indicating diesel fuel credit and mileage. If the fuel price returns to the baseline, surcharges may no longer be charged. Price Ceiling. Although Contractor may offer lower prices to Purchasers, during the term of this Master Contract, Contractor guarantees to provide the Goods/Services at no greater than the prices set forth in Exhibit B – Prices for Goods (subject to economic adjustment as set forth herein). Master Contract Information. Enterprise Services shall maintain and provide to eligible Purchasers information regarding this Master Contract, including scope, pricing, and lowest responsive, responsible bidder designation. In addition, Enterprise Services identifies awarded contractors who qualify as Washington Small Businesses, Certified Veteran-Owned Businesses, or that, pursuant to the Master Contract provide Goods/Services that meet specified state procurement priorities as set forth in the Competitive Solicitation.

Appears in 1 contract

Samples: apps.des.wa.gov

ECONOMIC ADJUSTMENT. Beginning twelve six (126) months after the effective date of this Master Contract and for every annual anniversary six (6) months thereafter, the prices set forth in Exhibit B – A Goods and Prices may be adjusted upon Contractor request. Requests for price adjustments must be made in writing and be received thirty (30) days prior to the adjustment date as indicated in the table “Economic Adjustment Request Requirements”. In the event Contractor fails to timely request a price adjustment; Enterprise Services, at its sole discretion, may allow an untimely adjustment; provided, however, that such adjustment will not be effective for any time prior to Enterprise Services price adjustment. Prices shall be adjusted, based upon the percent changes (whether up or down) in the United States Department of Labor, Bureau of Labor Labor, and Statistics (BLS) Produce Price indices (PPI) described below, for the most recent year. Economic adjustment will lag one (1) calendar quarter past the Contract commencement date to allow for publication of BLS data. All calculations for the index shall be based upon the latest version of data published as of June 1 each year. Prices shall be adjusted on July 1 of each yearpublished. If an index is recoded (i.e., the recoded index is a direct substitute for the prior index according to the BLS), this Master Contract will use the recoded index, as applicable. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used. The economic adjustment shall be calculated as follows: New Price = Old Price x [sum of all PPI values(Current (Current Period Index/Base Period Index*percentageIndex)]. The “Current Period Index” is the average of the most recent twelve months of non- Preliminary BLS Index index values, and the “Base Period Index” is the average of the twelve months of non-preliminary BLS Index index values prior to the Current Period Index. PPI values, including those that are preliminary at the time of the request, The following table will be utilized in used for all economic price adjustments based on the analysiscost breakdown submitted with the bid. PPI Name PPI Code Category 8B: Standard Gradation Road SaltProducer Price Index Percentage Cups WPU09150355 (Cups and liquid-tight paper and paperboard containers 90 WPU072C Recyclable plastics 10 Plates WPU09 (Pulp, Insoluble Material Rock Salt PPI Commodity data for Chemicals paper, and allied products-Rock salt) 80 WPU072C Recyclable plastics 10 WPU025201 (Raw cane sugar and sugarcane mill products and byproducts) 10 Bowls WPU09 (Pulp, not seasonally adjusted WPU06130271 Eastern: 21% North Central: 18% South Central: 17% Southwest:16% Olympic: 17% Northwest: 15% Rail Transportation PPI industry sub-sector data for Rail transportationpaper, not seasonally adjusted PCU482---482--- Eastern: 54% North Central: 45% South Central: 46% Southwest: 44% Olympic: 47% Northwest: 50% Truck Transportation PPI industry sub-sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 25% North Central: 37% South Central: 37% Southwest: 40% Olympic: 36% Northwest: 35% Category PPI Name PPI Code Category 4C: Corrosion Inhibited Solid Sodium Chloride- Grade 2 Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt) 90 WPU072C Recyclable plastics 10 Cutlery WPU1267 (Cutlery, not seasonally adjusted WPU06130271 Eastern: 33% North Central: 30% South Central:25% Southwest: 25% Olympic: 26% Northwest: 24% Chemical Manufacturing PPI industry data for Flatware (except precious), razors & razors 95 WPU091509991 (Other basic inorganic chemical manufacturing-Primary productssanitary paper and paperboard food containers, not seasonally adjusted PCU325180325180P Eastern: 3% North Central: 3% South Central:3% Southwest: 3% Olympic: 3% Northwest: 3% Rail Transportation PPI industry sub-sector data for Rail transportationboards, not seasonally adjusted PCU482---482--- Eastern: 44% North Central: 42% South Central:40% Southwest: 40% Olympic: 42% Northwest: 44% Truck Transportation PPI industry sub-sector data for Truck transportationand trays, not seasonally adjusted PCU484---484--- Eastern: 20% North Central: 25% South Central:32% Southwest: 32% Olympic: 29% Northwest: 29% Category PPI Name PPI Code Category 8A-B: Standard Gradationexcluding folding) 5 Containers WPU09 (Pulp, Brining Salt (used as road salt) Category 8A-R: Standard Gradationpaper, Road Salt Category 8C-R: Fine Gradation Road Salt Category 8C-B: Fine Gradation, Brining Salt Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt) 75 WPU072C Recyclable plastics 10 WPU025201- Raw cane sugar and sugarcane mill products and byproducts 10 WPU10890811 (Flexible packaging foil) 5 WPU0915012332 (Paper table napkins, not seasonally adjusted WPU06130271 Eastern: 40% North Central: 35% South Central: 31% Southwest: 31% Olympic: 33% Northwest: 29% Rail Transportation PPI industry sub-sector data for Rail transportationindustrial & retail pkgs bulk & dispenser types, not seasonally adjusted PCU482---482--- Eastern: 41% North Central: 36% South Central: 38% Southwest: 37% Olympic: 38% Northwest: 42% Truck Transportation PPI industry sub-sector data for Truck transportationmade in paper xxxxx) 100 Wraps/Liners WPU10890811 (Flexible packaging foil) 80 WPU091502161 (Plastics, not seasonally adjusted PCU484---484--- Eastern: 19% North Central: 29% South Central: 31% Southwest: 32% Olympic: 29% Northwest: 29% Diesel Fuel Surcharge: Contractors may charge a Diesel Fuel Surcharge based on changes in fuel cost from the baseline rate, which will be established on the effective date of the award. The changes in the Diesel Fuel Surcharge are based on the price changes from Oil Price Information Service (OPIS) for Spokane, Washington contract average rack price for ultra-low #2 diesel (USLD #2 Clear) fuel using the report subscribed to and received by Enterprise Services. The Contract Administrator will verify OPIS pricing on the effective date of the contract (the baseline rate) and the price on the 20th of each month (or nearest business day) thereafterfoil, and adjust the Diesel Fuel Surcharge on the DES contract webpage if applicable to be effective on the first day of the month. This adjustment will be considered an administrative actioncoated paper bags) 20 Bags WPU09 (Pulp, not requiring a contract amendment. Should the price per gallon of diesel fuel change (whether an increase or a decrease) by more than 5% from the baseline rate, this change would be reflected in the Diesel Fuel Surcharge. If the change is less than 5% of the baseline there will not be a Diesel Fuel Surcharge for that month. The fuel price adjustment will be $0.01 per mile for every $0.05 change in fuel price and be applied to the established miles between points in the Purchase Order. Mileage will be disclosed on each invoice and may be verified by the Purchaser prior to acceptance of the surcharge. Example 1: Baseline price of fuel is $3.00/gallon. OPIS indicates a 5% increase of $0.15/gallon. Vendor may charge $0.03/mile. Mileage is 100 miles round trip. $0.15 gallon / $0.05 = $0.03 gallon x 100 miles = $3. Contractor will invoice a separate line item indicating diesel fuel surcharge and mileage. Example 2: Baseline price of fuel is $3.00/galloon. OPIS indicates a 10% decrease of $0.30/gallon. Vendor must credit $0.06/mile. Mileage is 100 miles round trip. $0.30 gallon / $0.05 = $0.06 x 100 miles = -$6. Contractor will invoice a separate line item indicating diesel fuel credit and mileage. If the fuel price returns to the baseline, surcharges may no longer be charged. Price Ceiling. Although Contractor may offer lower prices to Purchasers, during the term of this Master Contract, Contractor guarantees to provide the Goods/Services at no greater than the prices set forth in Exhibit B – Prices for Goods (subject to economic adjustment as set forth herein). Master Contract Information. Enterprise Services shall maintain and provide to eligible Purchasers information regarding this Master Contract, including scope, pricingpaper, and lowest responsiveallied products) 25 wpu0915021625, responsible bidder designation. In additionOther polyethylene bags, Enterprise Services identifies awarded contractors who qualify as Washington Small Businessespouches, Certified Veteran-Owned Businesses, or that, pursuant to the Master Contract provide Goods/Services that meet specified state procurement priorities as set forth in the Competitive Solicitation.and liners 75

Appears in 1 contract

Samples: Washington Statewide

ECONOMIC ADJUSTMENT. Beginning twelve (12) months after the effective date of this Master Contract and for every annual anniversary thereafter, the prices set forth in Exhibit B – Prices shall be adjusted, based upon the percent changes (whether up or down) in the United States Department of Labor, Bureau of Labor and Statistics (BLS) indices described below, for the most recent year. Economic adjustment will lag one (1) calendar quarter past the Contract commencement date to allow for publication of BLS data. All calculations for the index shall be based upon the latest version of data published as of June 1 each year. Prices shall be adjusted on July 1 of each year. If an index is recoded (i.e., the recoded index is a direct substitute for the prior index according to the BLS), this Master Contract will use the recoded index, as applicable. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used. The economic adjustment shall be calculated as follows: New Price = Old Price x [sum of all PPI values(Current Period Index/Base Period Index*percentage)]. The “Current Period Index” is the average of the most recent twelve months of BLS Index values, and the “Base Period Index” is the average of the twelve months of BLS Index values prior to the Current Period Index. PPI values, including those that are preliminary at the time of the request, will be utilized in the analysis. Category PPI Name PPI Code Category 8BA-1: Standard Gradation Road Salt, Insoluble Material Corrosion Inhibitor for Sodium Chloride Brine Category A-3: Corrosion Inhibitor FOR Sodium Chloride Rock Salt PPI Commodity data for Chemicals and allied products-products- Rock salt, not seasonally adjusted WPU06130271 Eastern: 21Chemical Manufacturing PPI industry data for Other basic inorganic chemical manufacturing- Primary products, not seasonally adjusted PCU325180325180P 60% North Central: 18% South Central: 17% Southwest:16% Olympic: 17% Northwest: 1560% Rail Transportation PPI industry sub-sub- sector data for Rail transportation, not seasonally adjusted PCU482---482--- Eastern: 54% North Central: 45% South Central: 46% Southwest: 44% Olympic: 47% Northwest: 50% Truck Transportation PPI industry sub-sub- sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 25% North Central: 37% South Central: 37% Southwest: 40% Olympic: 3640% Northwest: 35% Category PPI Name PPI Code Category 4C: Corrosion Inhibited Solid Sodium Chloride- Grade 2 Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt, not seasonally adjusted WPU06130271 Eastern: 33% North Central: 30% South Central:25% Southwest: 25% Olympic: 26% Northwest: 24% Chemical Manufacturing Deep Sea Transportation PPI industry data for Other basic inorganic chemical manufacturing-Primary products, not seasonally adjusted PCU325180325180P Eastern: 3% North Central: 3% South Central:3% Southwest: 3% Olympic: 3% Northwest: 3% Rail Transportation PPI industry sub-sector data for Rail Deep sea freight transportation, not seasonally adjusted PCU482---482--- Eastern: 44% North Central: 42% South Central:40% Southwest: 40% Olympic: 42% Northwest: 44% Truck Transportation PPI industry sub-sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 20% North Central: 25% South Central:32% Southwest: 32% Olympic: 29% Northwest: 29% Category PPI Name PPI Code Category 8A-B: Standard Gradation, Brining Salt (used as road salt) Category 8A-R: Standard Gradation, Road Salt Category 8C-R: Fine Gradation Road Salt Category 8C-B: Fine Gradation, Brining Salt Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt, not seasonally adjusted WPU06130271 Eastern: 40% North Central: 35% South Central: 31% Southwest: 31% Olympic: 33% Northwest: 29% Rail Transportation PPI industry sub-sector data for Rail transportation, not seasonally adjusted PCU482---482--- Eastern: 41% North Central: 36% South Central: 38% Southwest: 37% Olympic: 38% Northwest: 42% Truck Transportation PPI industry sub-sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 19% North Central: 29% South Central: 31% Southwest: 32% Olympic: 29% Northwest: 29% PCU483111483111 Diesel Fuel Surcharge: Contractors may charge a Diesel Fuel Surcharge based on changes in fuel cost from the baseline rate, which will be established on the effective date of the award. The changes in the Diesel Fuel Surcharge are based on the price changes from Oil Price Information Service (OPIS) for Spokane, Washington contract average rack price for ultra-low #2 diesel (USLD #2 Clear) fuel using the report subscribed to and received by Enterprise Services. The Contract Administrator will verify OPIS pricing on the effective date of the contract (the baseline rate) and the price on the 20th of each month (or nearest business day) thereafter, and adjust the Diesel Fuel Surcharge on the DES contract webpage if applicable to be effective on the first day of the month. This adjustment will be considered an administrative action, not requiring a contract amendment. Should the price per gallon of diesel fuel change (whether an increase or a decrease) by more than 5% from the baseline rate, this change would be reflected in the Diesel Fuel Surcharge. If the change is less than 5% of the baseline there will not be a Diesel Fuel Surcharge for that month. The fuel price adjustment will be $0.01 per mile for every $0.05 change in fuel price and be applied to the established miles between points in the Purchase Order. Mileage will be disclosed on each invoice and may be verified by the Purchaser prior to acceptance of the surcharge. Example 1: Baseline price of fuel is $3.00/gallon. OPIS indicates a 5% increase of $0.15/gallon. Vendor may charge $0.03/mile. Mileage is 100 miles round trip. $0.15 gallon / $0.05 = $0.03 gallon x 100 miles = $3. Contractor will invoice a separate line item indicating diesel fuel surcharge and mileage. Example 2: Baseline price of fuel is $3.00/galloon. OPIS indicates a 10% decrease of $0.30/gallon. Vendor must credit $0.06/mile. Mileage is 100 miles round trip. $0.30 gallon / $0.05 = $0.06 x 100 miles = -$6$6. Contractor will invoice a separate line item indicating diesel fuel credit and mileage. If the fuel price returns to the baseline, surcharges may no longer be charged. Price Ceiling. Although Contractor may offer lower prices to Purchasers, during the term of this Master Contract, Contractor guarantees to provide the Goods/Services at no greater than the prices set forth in Exhibit B – Prices for Goods (subject to economic adjustment as set forth herein). Master Contract Information. Enterprise Services shall maintain and provide to eligible Purchasers information regarding this Master Contract, including scope, pricing, and lowest responsive, responsible bidder designation. In addition, Enterprise Services identifies awarded contractors who qualify as Washington Small Businesses, Certified Veteran-Owned Businesses, or that, pursuant to the Master Contract provide Goods/Services that meet specified state procurement priorities as set forth in the Competitive Solicitation.

Appears in 1 contract

Samples: apps.des.wa.gov

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ECONOMIC ADJUSTMENT. The Contract Prices set forth herein are firm and fixed for one year from the effective date of this Contract. Beginning twelve (12) months after the effective date of this Master Contract and for every annual anniversary thereafter, the Contract prices set forth in Exhibit B – Prices shall for Goods/Services will be adjusted, based upon adjusted as set forth herein. Price adjustments will be made in accordance with the percent changes (whether up or down) percentage change in the United States Department of Labor, Bureau of Labor and Statistics (BLS) indices described below, Produce Price Index (PPI). The percentage difference between the PPI issued for May 2024 and the most recent year. Economic PPI issued for each service/commodity of the year of adjustment will lag one (1) calendar quarter past determine the Contract commencement date to allow for publication maximum allowable adjustment of BLS dataoriginal contract prices. All calculations for the index No retroactive contract price adjustments will be allowed. The economic adjustment shall be based upon the latest version of calculated as follows: New Price = Old Price x ((.40 x (Current Period Index/Base Period Index)) + ((.60(x Current Period Index/Base Period Index)) Category 1: Armored Car Services % Diesel No. 2 WPU05730302 40 Armored Car Guards CEU4349200003 60 Category 2: Smart Safe with Armored Car Services Diesel No. 2 WPU05730302 40 Armored Car Guards CEU4349200003 60 Category 3: Courier Services Gasoline WPS0571 40 Courier and Express Delivery Services PCU4921-4921 60 Only final PPI data published as of June 1 each yearwill be used to adjust contract pricing. Prices shall be adjusted on July 1 of each year. If an index is recoded (i.e., the recoded index is a direct substitute for the prior index according to the BLS), this Master This Contract will use the recoded index, as applicableseasonally unadjusted indexes. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used. The economic adjustment shall be calculated as follows: New Price = Old Price x [sum of all PPI values(Current Period Index/Base Period Index*percentage)]. The “Current Period Index” is the average of the most recent twelve months of BLS Index values, and the “Base Period Index” is the average of the twelve months of BLS Index values prior to the Current Period Index. PPI values, including those that are preliminary at the time of the request, will be utilized in the analysis. PPI Name PPI Code Category 8B: Standard Gradation Road Salt, Insoluble Material Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt, not seasonally adjusted WPU06130271 Eastern: 21% North Central: 18% South Central: 17% Southwest:16% Olympic: 17% Northwest: 15% Rail Transportation PPI industry sub-sector data for Rail transportation, not seasonally adjusted PCU482---482--- Eastern: 54% North Central: 45% South Central: 46% Southwest: 44% Olympic: 47% Northwest: 50% Truck Transportation PPI industry sub-sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 25% North Central: 37% South Central: 37% Southwest: 40% Olympic: 36% Northwest: 35% Category PPI Name PPI Code Category 4C: Corrosion Inhibited Solid Sodium Chloride- Grade 2 Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt, not seasonally adjusted WPU06130271 Eastern: 33% North Central: 30% South Central:25% Southwest: 25% Olympic: 26% Northwest: 24% Chemical Manufacturing PPI industry data for Other basic inorganic chemical manufacturing-Primary products, not seasonally adjusted PCU325180325180P Eastern: 3% North Central: 3% South Central:3% Southwest: 3% Olympic: 3% Northwest: 3% Rail Transportation PPI industry sub-sector data for Rail transportation, not seasonally adjusted PCU482---482--- Eastern: 44% North Central: 42% South Central:40% Southwest: 40% Olympic: 42% Northwest: 44% Truck Transportation PPI industry sub-sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 20% North Central: 25% South Central:32% Southwest: 32% Olympic: 29% Northwest: 29% Category PPI Name PPI Code Category 8A-B: Standard Gradation, Brining Salt (used as road salt) Category 8A-R: Standard Gradation, Road Salt Category 8C-R: Fine Gradation Road Salt Category 8C-B: Fine Gradation, Brining Salt Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt, not seasonally adjusted WPU06130271 Eastern: 40% North Central: 35% South Central: 31% Southwest: 31% Olympic: 33% Northwest: 29% Rail Transportation PPI industry sub-sector data for Rail transportation, not seasonally adjusted PCU482---482--- Eastern: 41% North Central: 36% South Central: 38% Southwest: 37% Olympic: 38% Northwest: 42% Truck Transportation PPI industry sub-sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 19% North Central: 29% South Central: 31% Southwest: 32% Olympic: 29% Northwest: 29% Diesel Fuel Surcharge: Contractors may charge a Diesel Fuel Surcharge based on changes in fuel cost from the baseline rate, which will be established on the effective date of the award. The changes in the Diesel Fuel Surcharge are based on the price changes from Oil Price Information Service (OPIS) for Spokane, Washington contract average rack price for ultra-low #2 diesel (USLD #2 Clear) fuel using the report subscribed to and received by Enterprise Services. The Contract Administrator will verify OPIS pricing on the effective date of the contract (the baseline rate) and the price on the 20th of each month (or nearest business day) thereafter, and adjust the Diesel Fuel Surcharge on the DES contract webpage if applicable to be effective on the first day of the month. This adjustment will be considered an administrative action, not requiring a contract amendment. Should the price per gallon of diesel fuel change (whether an increase or a decrease) by more than 5% from the baseline rate, this change would be reflected in the Diesel Fuel Surcharge. If the change is less than 5% of the baseline there will not be a Diesel Fuel Surcharge for that month. The fuel price adjustment will be $0.01 per mile for every $0.05 change in fuel price and be applied to the established miles between points in the Purchase Order. Mileage will be disclosed on each invoice and may be verified by the Purchaser prior to acceptance of the surcharge. Example 1: Baseline price of fuel is $3.00/gallon. OPIS indicates a 5% increase of $0.15/gallon. Vendor may charge $0.03/mile. Mileage is 100 miles round trip. $0.15 gallon / $0.05 = $0.03 gallon x 100 miles = $3. Contractor will invoice a separate line item indicating diesel fuel surcharge and mileage. Example 2: Baseline price of fuel is $3.00/galloon. OPIS indicates a 10% decrease of $0.30/gallon. Vendor must credit $0.06/mile. Mileage is 100 miles round trip. $0.30 gallon / $0.05 = $0.06 x 100 miles = -$6. Contractor will invoice a separate line item indicating diesel fuel credit and mileage. If the fuel price returns to the baseline, surcharges may no longer be charged. Price Ceiling. Although Contractor may offer lower prices to Purchasers, during the term of this Master Contract, Contractor guarantees to provide the Goods/Services at no greater than the prices set forth in Exhibit B – Prices for Goods (subject to economic adjustment as set forth herein). Master Contract Information. Enterprise Services shall maintain and provide to eligible Purchasers information regarding this Master Contract, including scope, pricing, and lowest responsive, responsible bidder designation. In addition, Enterprise Services identifies awarded contractors who qualify as Washington Small Businesses, Certified Veteran-Owned Businesses, or that, pursuant to the Master Contract provide Goods/Services that meet specified state procurement priorities as set forth in the Competitive Solicitation.

Appears in 1 contract

Samples: Washington Contract

ECONOMIC ADJUSTMENT. Beginning twelve (12) months after the effective date of this Master Contract and for every annual anniversary thereafter, the prices set forth in Exhibit B – Prices shall be adjusted, based upon the percent changes (whether up or down) in the United States Department of Labor, Bureau of Labor and Statistics (BLS) indices described below, for the most recent year. Economic adjustment will lag one (1) calendar quarter past the Contract commencement date to allow for publication of BLS data. All calculations for the index shall be based upon the latest version of data published as of June 1 each year. Prices shall be adjusted on July 1 of each year. If an index is recoded (i.e., the recoded index is a direct substitute for the prior index according to the BLS), this Master Contract will use the recoded index, as applicable. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used. The economic adjustment shall be calculated as follows: New Price = Old Price x [sum of all PPI values(Current Period Index/Base Period Index*percentage)]. The “Current Period Index” is the average of the most recent twelve months of BLS Index values, and the “Base Period Index” is the average of the twelve months of BLS Index values prior to the Current Period Index. PPI values, including those that are preliminary at the time of the request, will be utilized in the analysis. Category PPI Name PPI Code Category 8A- R: Standard Gradation, Road Salt Category 8B: Standard Gradation Road Salt, Insoluble Material Rock Salt PPI Commodity data for WPU06130271 17% 17% Chemicals and allied products-products- Rock salt, not seasonally adjusted WPU06130271 Eastern: 21% North Central: 18% South Central: 17% Southwest:16% Olympic: 17% Northwest: 15% Chemical Manufacturing PPI industry data for Other basic inorganic chemical manufacturing- Primary products, not seasonally adjusted PCU325180325180P Rail Transportation PPI industry sub-sub- sector data for Rail transportation, not seasonally adjusted PCU482---482--- Eastern: 54% North Central: 45% South Central: 46% Southwest: 44% Olympic: 47% Northwest: 50% Truck Transportation PPI industry sub-sub- sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 2539% North Central: 3739% South Central: 37% Southwest: 40% Olympic: 36% Northwest: 35% Category PPI Name PPI Code Category 4C: Corrosion Inhibited Solid Sodium Chloride- Grade 2 Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt, not seasonally adjusted WPU06130271 Eastern: 33% North Central: 30% South Central:25% Southwest: 25% Olympic: 26% Northwest: 24% Chemical Manufacturing Deep Sea Transportation PPI industry data for Other basic inorganic chemical manufacturing-Primary products, not seasonally adjusted PCU325180325180P Eastern: 3% North Central: 3% South Central:3% Southwest: 3% Olympic: 3% Northwest: 3% Rail Transportation PPI industry sub-sector data for Rail Deep sea freight transportation, not seasonally adjusted PCU482---482--- Eastern: PCU483111483111 44% North Central: 42% South Central:40% Southwest: 40% Olympic: 42% Northwest: 44% Truck Transportation PPI industry sub-sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 20% North Central: 25% South Central:32% Southwest: 32% Olympic: 29% Northwest: 29% Category PPI Name PPI Code Category 8A-B: Standard Gradation, Brining Salt (used as road salt) Category 8A-R: Standard Gradation, Road Salt Category 8C-R: Fine Gradation Road Salt Category 8C-B: Fine Gradation, Brining Salt Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt, not seasonally adjusted WPU06130271 Eastern: 40% North Central: 35% South Central: 31% Southwest: 31% Olympic: 33% Northwest: 29% Rail Transportation PPI industry sub-sector data for Rail transportation, not seasonally adjusted PCU482---482--- Eastern: 41% North Central: 36% South Central: 38% Southwest: 37% Olympic: 38% Northwest: 42% Truck Transportation PPI industry sub-sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 19% North Central: 29% South Central: 31% Southwest: 32% Olympic: 29% Northwest: 29% Diesel Fuel Surcharge: Contractors may charge a Diesel Fuel Surcharge based on changes in fuel cost from the baseline rate, which will be established on the effective date of the award. The changes in the Diesel Fuel Surcharge are based on the price changes from Oil Price Information Service (OPIS) for Spokane, Washington contract average rack price for ultra-low #2 diesel (USLD #2 Clear) fuel using the report subscribed to and received by Enterprise Services. The Contract Administrator will verify OPIS pricing on the effective date of the contract (the baseline rate) and the price on the 20th of each month (or nearest business day) thereafter, and adjust the Diesel Fuel Surcharge on the DES contract webpage if applicable to be effective on the first day of the month. This adjustment will be considered an administrative action, not requiring a contract amendment. Should the price per gallon of diesel fuel change (whether an increase or a decrease) by more than 5% from the baseline rate, this change would be reflected in the Diesel Fuel Surcharge. If the change is less than 5% of the baseline there will not be a Diesel Fuel Surcharge for that month. The fuel price adjustment will be $0.01 per mile for every $0.05 change in fuel price and be applied to the established miles between points in the Purchase Order. Mileage will be disclosed on each invoice and may be verified by the Purchaser prior to acceptance of the surcharge. Example 1: Baseline price of fuel is $3.00/gallon. OPIS indicates a 5% increase of $0.15/gallon. Vendor may charge $0.03/mile. Mileage is 100 miles round trip. $0.15 gallon / $0.05 = $0.03 gallon x 100 miles = $3. Contractor will invoice a separate line item indicating diesel fuel surcharge and mileage. Example 2: Baseline price of fuel is $3.00/galloon. OPIS indicates a 10% decrease of $0.30/gallon. Vendor must credit $0.06/mile. Mileage is 100 miles round trip. $0.30 gallon / $0.05 = $0.06 x 100 miles = -$6. Contractor will invoice a separate line item indicating diesel fuel credit and mileage. If the fuel price returns to the baseline, surcharges may no longer be charged. Price Ceiling. Although Contractor may offer lower prices to Purchasers, during the term of this Master Contract, Contractor guarantees to provide the Goods/Services at no greater than the prices set forth in Exhibit B – Prices for Goods (subject to economic adjustment as set forth herein). Master Contract Information. Enterprise Services shall maintain and provide to eligible Purchasers information regarding this Master Contract, including scope, pricing, and lowest responsive, responsible bidder designation. In addition, Enterprise Services identifies awarded contractors who qualify as Washington Small Businesses, Certified Veteran-Owned Businesses, or that, pursuant to the Master Contract provide Goods/Services that meet specified state procurement priorities as set forth in the Competitive Solicitation.

Appears in 1 contract

Samples: apps.des.wa.gov

ECONOMIC ADJUSTMENT. Beginning twelve (12) months after the effective date of this Master Contract and for every annual anniversary thereafter, the prices set forth in Exhibit B – Prices shall be adjusted, based upon the percent changes (whether up or down) in the United States Department of Labor, Bureau of Labor and Statistics (BLS) indices described below, for the most recent year. Economic adjustment will lag one (1) calendar quarter past the Contract commencement date to allow for publication of BLS data. All calculations for the index shall be based upon the latest version of data published as of June 1 each year. Prices shall be adjusted on July 1 of each year. If an index is recoded (i.e., the recoded index is a direct substitute for the prior index according to the BLS), this Master Contract will use the recoded index, as applicable. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used. The economic adjustment shall be calculated as follows: New Price = Old Price x [sum of all PPI values(Current Period Index/Base Period Index*percentage)]. The “Current Period Index” is the average of the most recent twelve months of BLS Index values, and the “Base Period Index” is the average of the twelve months of BLS Index values prior to the Current Period Index. PPI values, including those that are preliminary at the time of the request, will be utilized in the analysis. Category PPI Name PPI Code Category 8B1: Standard Gradation Road Salt, Insoluble Material Corrosion Inhibited Liquid Magnesium Chloride Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt, not seasonally adjusted WPU06130271 Eastern: 21% North Central: 18% South Central: 17% Southwest:16% Olympic: 17% Northwest: 15Chemical Manufacturing PPI industry data for Other basic inorganic chemical manufacturing- Primary products, not seasonally adjusted PCU325180325180P 38% Rail Transportation PPI industry sub-sub- sector data for Rail transportation, not seasonally adjusted PCU482---482--- Eastern: 54% North Central: 45% South Central: 46% Southwest: 44% Olympic: 47% Northwest: 5029% Truck Transportation PPI industry sub-sub- sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 25% North Central: 37% South Central: 37% Southwest: 40% Olympic: 36% Northwest: 35% Category PPI Name PPI Code Category 4C: Corrosion Inhibited Solid Sodium Chloride- Grade 2 Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt, not seasonally adjusted WPU06130271 Eastern: 33% North Central: 30% South Central:25% Southwest: 25% Olympic: 26% Northwest: 24% Chemical Manufacturing Deep Sea Transportation PPI industry data for Other basic inorganic chemical manufacturing-Primary products, not seasonally adjusted PCU325180325180P Eastern: 3% North Central: 3% South Central:3% Southwest: 3% Olympic: 3% Northwest: 3% Rail Transportation PPI industry sub-sector data for Rail Deep sea freight transportation, not seasonally adjusted PCU482---482--- Eastern: 44% North Central: 42% South Central:40% Southwest: 40% Olympic: 42% Northwest: 44% Truck Transportation PPI industry sub-sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 20% North Central: 25% South Central:32% Southwest: 32% Olympic: 29% Northwest: 29% Category PPI Name PPI Code Category 8A-B: Standard Gradation, Brining Salt (used as road salt) Category 8A-R: Standard Gradation, Road Salt Category 8C-R: Fine Gradation Road Salt Category 8C-B: Fine Gradation, Brining Salt Rock Salt PPI Commodity data for Chemicals and allied products-Rock salt, not seasonally adjusted WPU06130271 Eastern: 40% North Central: 35% South Central: 31% Southwest: 31% Olympic: 33% Northwest: 29% Rail Transportation PPI industry sub-sector data for Rail transportation, not seasonally adjusted PCU482---482--- Eastern: 41% North Central: 36% South Central: 38% Southwest: 37% Olympic: 38% Northwest: 42% Truck Transportation PPI industry sub-sector data for Truck transportation, not seasonally adjusted PCU484---484--- Eastern: 19% North Central: 29% South Central: 31% Southwest: 32% Olympic: 29% Northwest: 29% PCU483111483111 Diesel Fuel Surcharge: Contractors may charge a Diesel Fuel Surcharge based on changes in fuel cost from the baseline rate, which will be established on the effective date of the award. The changes in the Diesel Fuel Surcharge are based on the price changes from Oil Price Information Service (OPIS) for Spokane, Washington contract average rack price for ultra-low #2 diesel (USLD #2 Clear) fuel using the report subscribed to and received by Enterprise Services. The Contract Administrator will verify OPIS pricing on the effective date of the contract (the baseline rate) and the price on the 20th of each month (or nearest business day) thereafter, and adjust the Diesel Fuel Surcharge on the DES contract webpage if applicable to be effective on the first day of the month. This adjustment will be considered an administrative action, not requiring a contract amendment. Should the price per gallon of diesel fuel change (whether an increase or a decrease) by more than 5% from the baseline rate, this change would be reflected in the Diesel Fuel Surcharge. If the change is less than 5% of the baseline there will not be a Diesel Fuel Surcharge for that month. The fuel price adjustment will be $0.01 per mile for every $0.05 change in fuel price and be applied to the established miles between points in the Purchase Order. Mileage will be disclosed on each invoice and may be verified by the Purchaser prior to acceptance of the surcharge. Example 1: Baseline price of fuel is $3.00/gallon. OPIS indicates a 5% increase of $0.15/gallon. Vendor may charge $0.03/mile. Mileage is 100 miles round trip. $0.15 gallon / $0.05 = $0.03 gallon x 100 miles = $3. Contractor will invoice a separate line item indicating diesel fuel surcharge and mileage. Example 2: Baseline price of fuel is $3.00/galloon. OPIS indicates a 10% decrease of $0.30/gallon. Vendor must credit $0.06/mile. Mileage is 100 miles round trip. $0.30 gallon / $0.05 = $0.06 x 100 miles = -$6. Contractor will invoice a separate line item indicating diesel fuel credit and mileage. If the fuel price returns to the baseline, surcharges may no longer be charged. Price Ceiling. Although Contractor may offer lower prices to Purchasers, during the term of this Master Contract, Contractor guarantees to provide the Goods/Services at no greater than the prices set forth in Exhibit B – Prices for Goods (subject to economic adjustment as set forth herein). Master Contract Information. Enterprise Services shall maintain and provide to eligible Purchasers information regarding this Master Contract, including scope, pricing, and lowest responsive, responsible bidder designation. In addition, Enterprise Services identifies awarded contractors who qualify as Washington Small Businesses, Certified Veteran-Owned Businesses, or that, pursuant to the Master Contract provide Goods/Services that meet specified state procurement priorities as set forth in the Competitive Solicitation.

Appears in 1 contract

Samples: apps.des.wa.gov

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