Price Adjustment Requests. The Contractor must provide, in writing to the HHS Agency Contract Manager, a request for a price adjustment. The adjustment request must use the index and formula identified in Section
Price Adjustment Requests. Consumer Price Index: The price(s) in the response submission shall remain in effect for a period of 1 year from the date of award. At the end of the 1-year period, Provider may request a pricing adjustment by adding to or deducting from the price any percentage increase or decrease in costs based on the following index: Consumer Price Index, All Urban Consumers, U.S. All items, 1982-84=100. Series ID: CUUR0000SA0. The base month/year will be between 2-4 months prior to the request (using the most recent index published) and the same month in the prior year (using the index published). Owner shall be given 30 calendar days advanced notification. Provider shall submit the appropriate documentation, including the indices, to evaluate and confirm the requested price change. Price increases shall not be retroactive. A price adjustment can only occur if Provider has been notified in writing of Owner’s approval of the new price(s). Only one written price adjustment request will be allowed during each renewal option period if the option is renewed by Owner. No price adjustment will be allowed that exceeds the percentage change of Consumer Price Index or 3 percent of the current price, whichever is less. All written price adjustment requests should be sent to Owner's designated contact as specified in this solicitation document.
Price Adjustment Requests. The Contractor must provide, in writing to the HHS Agency contract manager, a request for a price adjustment. The adjustment request must use the index and formula identified in Section 8.2.1. Contractor must provide supporting documentation to justify any price adjustment. Any request submitted that fails to use the formula above for calculating a price adjustment will not be considered a complete, properly submitted request. Additionally, any request submitted by a Contractor that does not include supporting documentation will not be considered a complete, properly submitted price adjustment request. The HHS Agency reserves the right to accept or reject the request for a price adjustment. The Contractor will receive written notification, through a Purchase Order Change Notice or Contract Amendment, from the HHS Agency contract manager documenting action taken, to include effective dates, for any adjustments approved.
