Common use of Govt Clause in Contracts

Govt. CODE §2269.409. Consequently, the total Term of the Contract may be for a period of five (5) years. The phrase “Term” in this Contract shall mean the then-current Term of the Contract, whether an initial term or a renewal term. The Service Center reserves the right to award contract(s) to a Vendor for a longer initial term period if it is determined to be in the best interest of the Service Center and/or PCA Membership. Upon mutual written agreement of the both parties, this contract may be extended beyond the expiration of the contract time period. The amount of the Maximum Annual Aggregate of this Contract may be increased at each of the contract renewal periods or at the request of the Vendor/Member based upon contract volume. Change will be in writing, signed by the Vendor and Region III ESC and added to the contract as an addendum. Price Adjustments Policy Price adjustments may be allowed at the annual renewal time. Adjustment requests must be tied to the Cost Price Index (CPI) and submitted in writing on company letterhead. PCA must have sufficient time to review all price adjustment requests. Vendor will provide: • Current price • Adjusted price • Adjustment basis • Explanation • Vendor contact information (in case of questions/discussion)

Govt. CODE §2269.409. Consequently, the total Term of the Contract may be for a period of five (5) years. The phrase “Term” in this Contract shall mean the then-current Term of the Contract, whether an initial term or a renewal term. The Service Center reserves the right to award contract(s) to a Vendor for a longer initial term period if it is determined to be in the best interest of the Service Center and/or PCA Cooperative Membership. Upon mutual written agreement of the both parties, this contract may be extended beyond the expiration of the contract time period. The amount of the Maximum Annual Aggregate of this Contract may be increased at each of the contract renewal periods or at the request of the Vendor/Member based upon contract volume. Change will be in writing, signed by the Vendor and Region III ESC and added to the contract as an addendum. Price Adjustments Policy Price adjustments may be allowed at the annual renewal time. Adjustment requests must be tied to the Cost Price Index (CPI) and submitted in writing on company letterhead. PCA must have sufficient time to review all price adjustment requests. Vendor will provide: •  Current price •  Adjusted price •  Adjustment basis •  Explanation •  Vendor contact information (in case of questions/discussion)

Govt. CODE §2269.409. Consequently, the total Term of the Contract may be for a period of five (5) years. The phrase “Term” in this Contract shall mean the then-current Term of the Contract, whether an initial term or a renewal term. The Service Center reserves the right to award contract(s) to a Vendor for a longer initial term period if it is determined to be in the best interest of the Service Center and/or PCA Membership. Upon mutual written agreement of the both parties, this contract may be extended beyond the expiration of the contract time period. The amount of the Maximum Annual Aggregate of this Contract may be increased at each of the contract renewal periods or at the request of the Vendor/Member based upon contract volume. Change will be in writing, signed by the Vendor and Region III ESC and added to the contract as an addendum. Price Adjustments Policy Price adjustments may be allowed at the annual renewal time. Adjustment requests must be tied to the Cost Price Index (CPI) and submitted in writing on company letterhead. PCA must have sufficient time to review all price adjustment requests. Vendor will provide: •  Current price •  Adjusted price •  Adjustment basis •  Explanation •  Vendor contact information (in case of questions/discussion)