Common use of ECONOMIC ADJUSTMENT Clause in Contracts

ECONOMIC ADJUSTMENT. Beginning twenty-four (24) months after the effective date of this regional Statewide 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 September each year. Prices shall be adjusted on November 1. If an index is recoded (i.e., the recoded index is a direct substitute for the prior index according to the BLS), this Statewide 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 (Current Period Index/Base Period Index). Building related engineering projects PCU5413305413301 Total mining, utilities, and manufacturing industries PCUAMUM--AMUM-- Total mining industries PCUOMIN--OMIN--

ECONOMIC ADJUSTMENT. Beginning Pricing will remain firm and fixed for the initial term of the contract. After twenty-four (24) months after the effective date of this regional Statewide Contract and for every annual anniversary thereaftermonths, 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 final data published as of September November each yearyear (preliminary data will not be used). Prices shall be adjusted on November February 1, 2019 and annually on February 1 thereafter. If an index is recoded (i.e.recoded, and the recoded index replacement is a direct substitute for the prior index according to the BLS), this Statewide Contract will instead use the recoded index, as applicablerecode. 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 (Current Period Index/Base Period Index). Building related engineering projects PCU5413305413301 Total mining, utilities, and manufacturing industries PCUAMUM--AMUM-- Total mining industries PCUOMIN--OMIN--Small arms ammunition mfg. PCU3329923329920

ECONOMIC ADJUSTMENT. Beginning twenty-four twelve (2412) months after the effective date of this regional Statewide 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 September February of each year. Prices shall be adjusted on November 1in March 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 Statewide 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 (Current Period Index/Base Period Index). Building related engineering projects PCU5413305413301 Total mining, utilities, Category PPI Name PPI Code Percentage Variable Message Boards Machinery and manufacturing industries PCUAMUM--AMUM-- Total mining industries PCUOMIN--OMIN--equipment WPU11760303 100%

ECONOMIC ADJUSTMENT. Section 3.3 of this Contract (Economic Adjustment) is hereby amended by deleting the existing section 3.3 in its entirety and inserting the following in lieu thereof: Beginning twenty-four (24) months after the effective date of this regional Statewide 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 September each year. Prices shall be adjusted on November 1. If an index is recoded (i.e., the recoded index is a direct substitute for the prior index according to the BLS), this Statewide 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 (Current Period Index/Base Period Index). Indexes to be used will be averaged by these categories: Building related engineering projects PCU5413305413301 Total mining, utilities, and manufacturing industries PCUAMUM--AMUM-- Total mining industries PCUOMIN--OMIN--PCU5413305413301

ECONOMIC ADJUSTMENT. The Contract Prices set forth herein are firm and fixed for one year from the effective date of this Statewide Contract. Beginning twenty-four twelve (2412) months after the effective date of this regional Statewide 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 September one year of the effective date each year. Prices shall be adjusted on November 1January 1st. If an index is recoded (i.e., the recoded index is a direct substitute for the prior index according to the BLS), this Statewide 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 with index code 492, Couriers and Messengers, as follows: New Price = Old Price x (Current Period Index/Base Period IndexPCU492). Building related engineering projects PCU5413305413301 Total mining, utilities, and manufacturing industries PCUAMUM--AMUM-- Total mining industries PCUOMIN--OMIN--.