Escalation/De-Escalation. The HCSO will allow an escalation/de-escalation provision in this Contract. The prices set herein shall have the opportunity to be adjusted during the renewal period for each term of the contract. The Awarded SUPPLIER(s) must notify the HCSO’s Financial Services Division of the price escalation/de-escalation request a minimum of 60 calendar days prior to the end of each one (1) year period for which the Bid was awarded for it to be considered. The price escalation request must be due to a factor beyond the control of the bidder and can be no more than the percentage of increase passed through to the SUPPLIER by the manufacturer. At the time of request, Bidder must furnish written substantiation of increase by its supplier/manufacturer to the HCSO. Said substantiation shall be in the form of invoices, receipts and/or other appropriate documentation showing costs in effect at the time of the bid proposal versus cost in effect at the time of the request for price escalation. Any price increase must be substantiated to the satisfaction of the HCSO and shall only be effective upon acceptance by HCSO in writing.
Escalation/De-Escalation. All pricing submitted shall remain firm for the initial term period. Upon renewal ( if applicable), a supplier may submit in writing a request for price escalation/de-escalation for the percentage of change as listed in the Consumer Pricing Index (CPI) and/or documentation notifying of an industry-wide increase. The City reserves the right to decline any price increase request.
Escalation/De-Escalation. The Contractor may request a price increase or decrease if the Contractor shows satisfactory proof to the Contracting Entity that a price change is justified and beyond the scope of the Contractor’s control; however, no price increase is guaranteed and approval of any price increase is in the discretion of the Contracting Entity. It is understood that any percentage or discount offered to Contracting Entity will remain firm for the duration of the pricing agreement. However, within 10 days of any approved changes in the price list(s) bid, Contractor may furnish the Procurement Services Division three copies of the new price list(s). New price list(s) will be considered effective the date shown on the price list(s), or 10 days from the date price list(s) are received in the Procurement Services Division, whichever is later. The three copies of the changed price list/catalog may be mailed, e-mailed or hand delivered to: The City of Oklahoma City Procurement Services Division Attn: Xxxxxx Xxxxxxxx, Buyer 000 Xxxxx Xxxxxx Xxx, 2ND Floor Oklahoma City, OK 73102 xxxxxx.xxxxxxxx@xxx.xxx The Purchasing Agent will be notified by the Buyer of any updated price lists or requested price changes. The Purchasing Agent will make the final determination if a price change will be accepted. [Rest of page intentionally left blank]
Escalation/De-Escalation. <Contractor/Supplier> fees for <type of good/service> shall remain firm for a minimum of <years/months> after execution of the Agreement. Any escalation or de-escalation in pricing thereafter will be based on the Bureau of Labor Statistics Index (<identify the index and include the WPU number> change in most recent 12 month period. No more than price increase is allowed in a month period. [Remainder of page intentionally left blank] EXHIBIT C AFFIDAVIT OF NO CONFLICT STATE OF COUNTY OF BEFORE ME, the undersigned authority, this day personally appeared [INSERT NAME] , as [INSERT TITLE] of [INSERT SUPPLIER NAME] , with full authority to bind (hereinafter "CONTRACTOR"), who being first duly sworn, deposes and says that CONTRACTOR:
(a) Is not currently engaged and will not become engaged in any obligations, undertakings or contracts that will require CONTRACTOR to maintain an adversarial role against the County or that will impair or influence the advice, recommendations or quality of work provided to the County; and
(b) Has provided full disclosure of all potentially conflicting contractual relationships and full disclosure of contractual relationships deemed to raise a question of conflict(s); and
(c) Has provided full disclosure of prior work history and qualifications that may be deemed to raise a possible question of conflict(s). Affiant makes this Affidavit for the purpose of inducing Manatee County, a political subdivision of the State of Florida, to enter into this Agreement No. for . DATED this day of , . Signature The foregoing instrument was sworn to and acknowledged before me this day of , 20 , by , as of . He/she is personally known to me or has produced as identification. Notary Public, State of Florida at Large Commission No.
Escalation/De-Escalation. Either party may request a price adjustment based on tariff increases or decreases. Price adjustments must be requested and agreed upon in writing by both parties. Requests for price adjustments shall include tariff information/justification.
Escalation/De-Escalation. Increase or decrease in transportation rates = 0.4% for every 1% increase or decrease in base HSD price as per formula given below: % increase/change in contract rates = (0.4 x (F1 – FB) ) / FB x 100. where; F1 = weighted average of RSPs of HSD during immediate previous month FB = Base HSD price as given in the tender document.
Escalation/De-Escalation. No upward price adjustment of any sort will be allowed for two
Escalation/De-Escalation. The HCSO will allow an escalation/de-escalation provision in this solicitation. The prices set herein shall have the opportunity to be adjusted during the renewal period for each term of the contract. The Awarded supplier(s) must notify the HCSO’s Financial Services Division of the price escalation/de-escalation request a minimum of 30, but no more than 60, calendar days prior to the end of each two (2) year period for which the solicitation was awarded for it to be considered. The price escalation request must be due to a factor beyond the control of the bidder and can be no more than the percentage of increase passed through to the vendor by the manufacturer. At the time of request, Bidder must furnish written substantiation of increase by its supplier/manufacturer to the HCSO. Said substantiation shall be in the form of invoices, receipts and/or other appropriate documentation showing costs in effect at the time of the solicitation proposal versus cost in effect at the time of the request for price escalation. Any price increase must be substantiated to the satisfaction of the HCSO and shall only be effective upon acceptance by HCSO in writing. A price escalation request outside of the renewal process may be accepted. These requests must reference/cite any source materials used to form the basis of the proposed justification but must not include historical information prior to the initial contract term. The HCSO will research Bureau of Labor Statistics (BLS) Producer Price Index (PPI) and/or other related indicators, or sources and conduct an analysis to determine 1) if the submitted justification and evidence are sufficient, 2) the requested price escalation is fair and reasonable, and 3) if approving the request is in the HCSO’s best interest. The HCSO reserves the right to negotiate, accept or reject the request, or terminate and re-solicit the contract.
Escalation/De-Escalation. The awarded bid rate is subject to adjustment each three-month period of the contract beginning October 1, 2021. Bid rates for each subsequent three-month period will be determined by dividing the bid price by the three-month average lumber price for Xxxxxxx-fir as reported by the Western Wood Products Association Inland Lumber Price Index for the period ending October 1, 2021; that ratio is then multiplied by the average lumber price for the three-month period immediately preceding each quarterly adjustment to determine the rates to be charged for that period. In no instance will the rate be adjusted below the minimum advertised bid price per ton.
Escalation/De-Escalation. The parties agree that the supplier has based its bid on certain pricing assumptions of materials to be incorporated into the work specified herein. However, the market for products that are specified herein is considered by both parties to be volatile, and sudden price increases could occur that are beyond the control of the supplier, despite its best efforts. Therefore, the parties agree that if there is a bona fide increase to the supplier of the material(s) specified herein (not labor), the supplier may request an equitable adjustment to this contract based on the Producer Price Index for Intermediate Goods, Table B, as it appears in the "Summary Data from the Producer Price Index News Release” as published by the U.S. Department of Labor, Bureau of Labor Statistics. This index shall be referred to as the materials index. Bid prices may only be adjusted semi-annually. Supplier(s) are required to give a 30- day written notice before price increases based upon the change in pricing assumptions. The bid, as submitted herein, is considered the base price for the materials specified herein as of date of contract award and shall remain in effect for 6 months hereafter called the reference base period. Prices may be adjusted semi-annually in 6 months after contract award and on the anniversary after first 6 months consideration of each year, based upon the percent changes (whether up or down) in the special index specified herein. All calculations for the special index shall be based upon the latest versions of the Producer Price Index data published as of the 6-month interval and anniversary date. Under no circumstances shall the proposal prices increase, aggregately, more than eight percent (8%) during the course of the agreement and any subsequent renewals. Any agreement awarded with an escalation clause shall be subject to de-escalation provisions in the same or similar manner in the event of cost reductions.
