Escalation. An escalation factor is not allowed unless called for in this ITB. If escalation is allowed, bidder must notify the City in writing in the event of a decline in market price(s) below the bid price. At that time, the City will make an adjustment in the Contract or may elect to re-solicit.
Appears in 32 contracts
Sources: Contract for Uniforms for Fire Rescue Services, Contract Resulting From Invitation to Bid, Contract Resulting From Invitation to Bid