Meal Plan Prices Sample Clauses

Meal Plan Prices. If UNO implements meal plans as referenced in Section 6 above, prices for products and services provided under this Agreement will increase in each subsequent year by an amount to be negotiated, taking into account population, hours of operation, other conditions, labor costs (including but not limited to benefits and insurance costs), product costs, fuel costs, federal, state and local tax structures, and change in federal, state or local laws, regulations and taxes, and other relevant factors, including significant changes at UNO from the business and other operating conditions that existed as of the date of the RFP including without limitation student population, maintenance expenses and utility costs. Price adjustments for the ensuing academic year(s) will be submitted to UNO no later than August 1 for all operations with an agreed upon increase by October 1. UNO and Contractor will review and approve all proposed price increases related to meal plans and other meal rate(s). Contractor will conduct an annual price comparison with the market of Omaha, Nebraska, of all items and services to ensure Contractor is meeting or exceeding pricings for comparable items and services. If Contractor is not meeting or exceeding these prices, Contractor will adjust their associated prices accordingly. If rates are not agreed upon by October 1, they will increased by the percentage increase in the Consumer Price Index- Food Away From Home, averaged for the prior twelve (12) month period. Requests for meal plan price increases by Contractor during the annual adjustment process must be accompanied by as many of the factors listed below as are applicable: • Menu item(s) impacted; • Changes in menu, points-of-service, additions or levels of service provided which have been previously approved by UNO; • Verification/substantiation of any other cost factors through submission of supplier invoices over the previous six-month span; • Current/anticipated product cost; • Current/projected number of items sold per day for retail operations; • Current/anticipated participation; and, • Comparison to retail operating situations in the geographic area.
Sample 1
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