Escalation/De-Escalation Sample Clauses

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. A price escalation request outside of the renewal process may be accepted. These requests must reference/cite and include any source materials used to form the basis of the proposed justification but must not include historical information prior to the initial contract term. They must also include the same written substantiation documentation as mentioned in the paragraph above. 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. This Contract is not eligible for annual escalation/de-escalation adjustments.

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: C152008 City of Oklahoma City and its Trusts The City of Oklahoma City Procurement Services Division Attn: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, Buyer ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇, 2nd Floor Oklahoma City, OK 73102 ▇▇▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇ 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.

Escalation/De-Escalation. Bid prices shall remain firm for a period of one year from the date of award. At the time the option to renew is to be exercised, the bid prices may be changed for the following reasons: 12.1 Vendor’s labor cost may be justification for price change; however, this shall not be construed in any way to increase vendor's margin of profit.

Escalation/De-Escalation. For price increases not otherwise addressed in Section 34, below, pricing in Exhibit B may be increased by amendment after the initial year of the Price Agreement, if agreed to by the City, and supported by documentation which specifically shows the percentages that costs have increased and the impact of those cost increases to the prices in this Price Agreement. Requests for price increases shall be supported by an applicable price index, if one is available. The City of Bend shall have the option of accepting the price increase or canceling the balance of the Price Agreement. The Supplier shall notify the City of all price increases and decreases as far in advance of the effective date as possible. No upward price adjustment of any sort will be allowed during the first year of the Price Agreement period. Notification shall be in writing and any changes shall be made in writing by Amendment.

Escalation/De-Escalation. There will be two components in escalation/de-escalation i.e Railway Freight & Road Freight. As per estimate, 65% is the Railway Freight component & 35% is the Road Freight component in the destination-wise freight/MT. A. Formula for escalation/

Escalation/De-Escalation. The ‘MARKUP’ component is a fixed dollar amount and shall be protected from increase for the first twelve (120 months of the contract. The fixed “MARKUP” for all items is the dollar amount calculated during bid evaluation even if a percentage was indicated. Contractor shall submit in writing, requested increases in the “MARKUP” no less than sixty (60) days prior to the proposed date of change, which for the initial twelve month term, will be at the beginning of month eleven (11). Increases shall be limited to the same proportion that changes have occurred in the Consumer Price Index for the (your region), or any other documentation approved by the District. The District reserves the right to reject any increase documented or otherwise, and to further competitively bid items under this agreement as is in the best interest of the District. The District shall be given the immediate benefit of any “COST” decrease made to the Contractor form whatever source. Contractor shall promptly notify the District of the amount and effective date of such decrease. This decrease shall apply to orders placed on or after the effective date of the decrease. Invoices shall reflect prices in effect on the date the order was placed with the Contractor. Failure of the District to discover “COST” decreases shall not waive the Districts right to a refund of overpayment. Discrepancies discovered by the District through audit of the Contractors records shall be refunded to the District by Contractor within five (5) days of request. Such failures to disclose decreases shall subject contract to breach of contract and may affect future contracting opportunities. If the “COST” changes during the duration any contract period, the District shall be notified in writing not less then ten (10) working days prior to the date of Delivery. Written documentation shall be provided to and approved by the District prior to the delivery or the existing contract price shall prevail.

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 ▇▇▇▇▇▇▇-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.