Common use of GSA Benchmarked Pricing Clause in Contracts

GSA Benchmarked Pricing. Additionally, where the NYS Net Price is based upon an approved GSA Supply Schedule: a. Associated Discounts: The State is entitled to all associated discounts enumerated in the GSA Supply Schedule (including, but not limited to, discounts for additional sites and volume discounts), as well as any other pricing or discount terms as are expressly enumerated in this NYS Contract or GSA schedule, when calculating the NYS Net Price. b. Industrial Funding Fee: GSA pricing incorporates a sum referred to as the “GSA Industrial Funding Fee” (IFF). The NYS Net Price may be calculated by reducing the published GSA price, after the discounts, if any, set forth in paragraph (1) above, downward by the amount of the Industrial Funding Fee, currently set at 0.75%. Therefore, as an example, the NYS Net Price shall be calculated by multiplying 0.9925 times the GSA price. c. Pricing Increase Requests: Commencing with the first anniversary date of the Contract Execution Date, and annually thereafter, the Contractor may request an increase in the pricing contained in the Centralized Contract by submitting an update request based on change in pricing level as contained in Appendix C, Contract Modification Procedure to the OGS Contract Administrator. With any price increase request, in addition to the requirements contained in Appendix C, the Contractor must certify in writing that the price change for the Services is the same as its pricing in its GSA Supply Schedule, and that Contractor documents the request to the satisfaction of the State. d. Effective Date of Increase: Price increases shall be effective upon final approval by the State, and may not be posted by Contractor prior to receipt of final approval.