MARKET VOLATILITY AND UNIT PRICE ADJUSTMENTS. When applicable, Xxxxxxx County recognizes that during periods of national crisis and unstable economic conditions, unforeseen price increase might affect costs for goods and services contracted on an annual basis. The Price Adjustment procedure may be employed to medicate price volatility on a quarterly basis, on the quarter they’re being requested for, then return to the original contract price. The Xxxxxxx County Purchasing Department has sole discretion whether to grant the price increase extension with provided sufficient evidence of the request. The requested increase cannot exceed twenty-five percent (25%) of the original contract price during the contract term. Lastly, Xxxxxxx County may at its own discretion, conduct temporary price adjustment reviews at any time.
Appears in 17 contracts
Samples: Professional Services Agreement, Service Agreement, Professional Services Agreement
