Escalation/De-escalation Clause. In the event that prevailing market conditions warrant an adjustment in bid prices contained in the contract, the following escalation/de- escalation clause shall be the only clause applicable or acceptable:
Escalation/De-escalation Clause. In the event of a product cost increase, an escalation request will be reviewed by this office and approved by State Purchasing on an individual basis. Please be aware this measure is not intended to allow any increase in profit margin, only to compensate for an actual cost increase. Price decreases as well shall apply. If the vendor’s prices are reduced for any reason, users shall receive the benefit of such reductions. Price increases and/or decreases will not be retroactive to orders already in-house or back-ordered. Orders will be filled at the price in effect of the date of the receipt of the order by the awarded vendor. All requests for price increases must include the following information from the vendor:
Escalation/De-escalation Clause. All prices set forth in Attachment B shall be firm against any increase for the applicable performance period and any transition period for this Agreement.
Escalation/De-escalation Clause. The rates quoted by the tenderer shall remain firm during the currency of the contract including extended period also, except increase/decrease in the minimum wages of the labour notified by MP Govt. The escalation on account of increase in the minimum wages shall be compensated to the contractor as per the formula indicated below: Escalation: Billed Amount X65/100 X (Escalated minimum wages–Min.wages on technical bid opening date) Minimum wages on technical bid opening date De-escalation: Billed Amount X65/100 X (Min.wages on technical bid opening date–De-escalated Min.wages) Minimum wages on technical bid opening date The MP Govt. notifies minimum wages of labour from time to time. The above formula for escalation willbe used for the minimum wages prevailing at the time of opening of tender (Technical bid). “Escalation/De-escalation shall be calculated on the minimum wages declared in the notifications issued by MP Govt. as applicable on the date of opening of tender. Even if the notification is issued at a later date, it shall be considered from retrospective effect and the same shall be the basis for calculations” Once the price Bids are opened, NFL under no circumstances will entertain any correspondence regarding offer of reduction in rates etc. of any kind by the tenderer unless specifically asked by NFL. Along with the quotation, the tenderers should submit an undertaking that they would abide by the terms of contract detailed in our NIT.
Escalation/De-escalation Clause. All prices offered shall be firm against any increase for (1) year from the effective date of the contract. Thirty (30) days prior to renewal, SCCPSS may entertain a request for escalation in an award extension in accordance with the most recently published Producer Price Index at the time the Bidder responds to a request for extension. For purposes of this section, PPI Index: 56-1720 – Custodial Supplies as published by the United States of Department of Labor, Bureau of Labor Statistics will be the benchmark. SCCPSS reserves the right to accept or reject the request for a price increase. If the price increase is approved, the price will remain firm for the one
Escalation/De-escalation Clause. All prices set forth in Schedule A shall be firm against any increase for the performance period and any transition period for this Agreement. Ninety days (90) days prior to end of the performance period and before any renewal of a resulting of any contract by the District, the District may entertain a request from the Contractor for the escalation (increase) in the price listed in Schedule A in any subsequent, renewal contract. The basis for this price increase request will be a cost increase to the Contractor that exceeds ten percent (10%) of the price listed in Attachment “A” of this Agreement. Price increase requests will be considered only if the Contractor provides to the District a letter from the manufacturer or supplier on the manufacturer’s/supplier’s letterhead with an authorized signature and date, confirming the Contractor’s increased cost. The letter shall state the current manufacturer’s/supplier’s price along with the manufacturer’s/supplier’s increased price. In response to this request for a price increase, the District may agree to the price increase requested by the Contractor, the District may agree to a price increase in some amount but less than the amount requested by the Contractor, the District may decline to approve any price increase, or the District may decide to no longer order the product from Contractor. Any changes to the goods ordered and the price set forth in Schedule A of this Agreement may only be accomplished though the execution of a new written agreement between the District and the Contractor or through a written modification to this Agreement, to the extent allowed by Georgia law. Any such written agreement or written modification to this Agreement must be recommended by the Director of the School Nutrition Program, and the Superintendent, or her designee, to the District’s governing body, the elected School Board, and subsequently approved by the elected School Board. Any price changes will go into effect as provided in any such written agreement or written modification to this Agreement approved by the School Board.
Escalation/De-escalation Clause. Fixed fee costs may also be set aside by the Department because of labor strikes, drastic escalations in fuel costs (20% plus or minus), or drastic escalation of freight costs (20% plus or minus). The Department will allow for fixed fee increase (or decrease) based on increases or decreases in the consumer price index for all urban consumers (CPI-U), adjusted for geographic region, and subject to legislative approval and appropriation. If the adjusted CPI-U increases, the Contractor may submit a written request for an increase to the fixed fee prior to September 1 of each year. However, the amount of the increase will not exceed the adjusted CPI-U for the 12-month period ending June 30 of the same year. If the CPI-U decreases, the Department will notify the Contractor in writing by September 1 of each year if the Department plans to seek a decrease in the fixed fee. However, the amount of the decrease may not exceed the adjusted services CPI-U for the 12-month period ended June 30 of the same year. Any requested increase to the fixed fee will be reflected in the Department’s annual Legislative Budget Request and subject to Legislative approval and appropriation. Any increase to the contract will be effective on the date specified in the appropriation. If the appropriation does not specify an effective date, the increase to the fixed fee will be effective on July 1 of the year in which the appropriation is made. Any decrease to the fixed fee will be automatically effective at the beginning of the next contract year and will not require legislative approval.
Escalation/De-escalation Clause. Pricing offered must be held firm for the first term of the contract. The State will, however, allow the awarded supplier (s) to submit annual price adjustment requests prior to any subsequent renewals. The price adjustment request must be submitted at least sixty (60) days before the contract renewal date. Any approved increase will not exceed the percentage increase as shown on the Produce Price Index (PPI) – for Offender Blankets (Commodity Code: 80512) and must be substantiated by documentation justifying the increase. Subsequently, the State expects any market reductions to be passed along to the State. If the previously cited index changes or is discontinued, the State will select the next appropriate index on which price adjustments will be based.
Escalation/De-escalation Clause. Pricing offered must be held firm for the first term of the contract. The State will, however, allow the awarded supplier (s) to submit annual price adjustment requests prior to any subsequent renewals. The price adjustment request must be submitted at least sixty (60) days before the contract renewal date. Any approved increase will not exceed the percentage increase as shown on the Producer Price Index (PPI) – for Textile Fabrics (Commodity Code: 313310-P, 313310-B, 313310-4, 313310-41, and 313310-43) and must be substantiated by documentation justifying the increase. Subsequently, the State expects any market reductions to be passed along to the State, If the previously cited index changes or is discontinued, the State will select the next appropriate index on which price adjustments will be based.
