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. 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 90 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: C152008 City of Oklahoma City and its Trusts Bid OCPPA 152000 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. BID SPECIFICATIONS Technical Specifications INTENT: To obtain pricing agreements for The Oklahoma City Public Property Authority (OCPPA) Golf Courses for the purchase of Club Car golf car parts, replacement parts and factory authorized services. GUARANTEE: All bidders shall guarantee that the materials they propose to furnish shall be in accordance with the manufacturer's specifications and shall perform the function for which they were designed and manufactured. The vendor shall provide all standard manufacturer's warranties and guarantees, and or exchange policies for defective items purchased under the pricing agreement.
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. 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.
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. The quoted rate shall remain firm during the contract period and no escalation will be granted on any grounds whatsoever.
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:
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.
