Common use of Price Adjustment Clause in Contracts

Price Adjustment. With the Department’s approval, prices may be adjusted with the Manufacturer’s introduction of new year models for vehicles awarded to the Contractor and any correlating Required Aftermarket Options and Identified Aftermarket Options awarded to the Contractor. All price adjustments shall be based on the average percent change (up or down) in the Producer Price Index (PPI) for the applicable Series ID shown below between the months of September and October for the prior five years. This information is published by the U.S. Department of Labor, Bureau of Labor Statistics (BLS), and is available at xxxx://xxx.xxx.xxx/data/. Group 1, Sub-Groups A and B; and Group 2 3361103361101 Passenger cars and chassis Group 1, Sub-Group G 3369913369913 Motorcycles, including three-wheel motorbikes, motor scooters, mopeds, and parts Group 1, Sub-Groups C, D, E, and F; Group 3; Group 4; and Group 5 3361103361102 Trucks, truck tractors, & bus chassis 14,000 lb or less. Incl. minivans, & suvs Group 6 3369993369991 Self-propelled golf carts and industrial in-plant personnel carriers and parts When requesting a price adjustment, the Contractor must submit a justification in writing to the Department's Contract Manager detailing the reasons for the price adjustment request and in the format requested by the Department’s Contract Manager. The requested price adjustment for a particular Vehicle may not exceed the average percent change in the PPI between the months of September and October for the prior five years. Price increases shall not exceed the average percent change in PPI for the prior five years or three percent, whichever is less. Passenger cars and chassis (Series ID 3361103361101): 2016 131.3 134.2 2.21% 2017 130.4 134.0 2.76% 2018 133.0 134.6 1.20% 2019 133.7 135.0 0.97% 2020 133.3 134.8 1.13% 𝐶 + (𝐶 × 𝑃) = 𝑋 Where:

Appears in 14 contracts

Samples: Motor Vehicles, Motor Vehicles, Motor Vehicles

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Price Adjustment. With the Department’s approval, prices Prices may be adjusted with the Manufacturer’s introduction of new year models for vehicles awarded to the Contractor and any correlating Required Aftermarket Options and Identified Aftermarket Options awarded to the Contractor. All requests must be submitted by the Contractor to the Department's Contract Manager between September 1 and October 31 of each year. All price adjustments shall be based on the average percent change (up or down) in the Producer Price Index (PPI) for the applicable Series ID shown below between the months of September and October for the prior five years. This information is published by the U.S. Department of Labor, Bureau of Labor Statistics (BLS), and is available at xxxx://xxx.xxx.xxx/data/. Group 1, Sub-Groups A and B; and Group 2 3361103361101 Passenger cars and chassis Group 1, Sub-Group G 3369913369913 Motorcycles, including three-wheel motorbikes, motor scooters, mopeds, and parts Group 1, Sub-Groups C, D, E, and F; Group 3; Group 4; and Group 5 3361103361102 Trucks, truck tractors, & bus chassis 14,000 lb or less. Incl. minivans, & suvs Group 6 3369993369991 Self-propelled golf carts and industrial in-plant personnel carriers and parts When requesting a price adjustment, the Contractor must submit a justification in writing to the Department's Contract Manager detailing the reasons for the price adjustment request and in the format requested by the Department’s Contract Manager. The requested price adjustment for a particular Vehicle may not exceed the average percent change in the PPI between the months of September and October for the prior five years. Price increases shall not exceed the average percent change in PPI for the prior five years or three percent, whichever is less. Passenger cars and chassis (Series ID 3361103361101): 2016 131.3 134.2 2.21% 2017 130.4 134.0 2.76% 2018 133.0 134.6 1.20% 2019 133.7 135.0 0.97% 2020 133.3 134.8 1.13% 𝐶 + (𝐶 × 𝑃) =𝑋𝑋 𝑋 Where:

Appears in 10 contracts

Samples: State Term Contract, State Term Contract, State Term Contract

Price Adjustment. With the Department’s approval, prices Prices may be adjusted with the Manufacturer’s introduction of new year models for vehicles awarded to the Contractor and any correlating Required Aftermarket Options and Identified Aftermarket Options awarded to the Contractor. All requests must be submitted by the Contractor to the Department's Contract Manager between September 1 and October 31 of each year. All price adjustments shall be based on the average percent change (up or down) in the Producer Price Index (PPI) for the applicable Series ID shown below between the months of September and October for the prior five years. This information is published by the U.S. Department of Labor, Bureau of Labor Statistics (BLS), and is available at xxxx://xxx.xxx.xxx/data/. Group 1, Sub-Groups A and B; and Group 2 3361103361101 Passenger cars and chassis Group 1, Sub-Group G 3369913369913 Motorcycles, including three-wheel motorbikes, motor scooters, mopeds, and parts Group 1, Sub-Groups C, D, E, and F; Group 3; Group 4; and Group 5 3361103361102 Trucks, truck tractors, & bus chassis 14,000 lb or less. Incl. minivans, & suvs Group 6 3369993369991 Self-propelled golf carts and industrial in-plant personnel carriers and parts When requesting a price adjustment, the Contractor must submit a justification in writing to the Department's Contract Manager detailing the reasons for the price adjustment request and in the format requested by the Department’s Contract Manager. The requested price adjustment for a particular Vehicle may not exceed the average percent change in the PPI between the months of September and October for the prior five years. Price increases shall not exceed the average percent change in PPI for the prior five years or three percent, whichever is less. Passenger cars and chassis (Series ID 3361103361101): 2016 131.3 134.2 2.21% 2017 130.4 134.0 2.76% 2018 133.0 134.6 1.20% 2019 133.7 135.0 0.97% 2020 133.3 134.8 1.13% 𝐶 + (�( × 𝑃) = 𝑋 Where:

Appears in 6 contracts

Samples: State Term Contract, State Term Contract, State Term Contract

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Price Adjustment. With the Department’s approval, prices Prices may be adjusted with the Manufacturer’s introduction of new year models for vehicles awarded to the Contractor and any correlating Required Aftermarket Options and Identified Aftermarket Options awarded to the Contractor. All requests must be submitted by the Contractor to the Department's Contract Manager between September 1 and October 31 of each year. All price adjustments shall be based on the average percent change (up or down) in the Producer Price Index (PPI) for the applicable Series ID shown below between the months of September and October for the prior five years. This information is published by the U.S. Department of Labor, Bureau of Labor Statistics (BLS), and is available at xxxx://xxx.xxx.xxx/data/. Group 1, Sub-Groups A and B; and Group 2 3361103361101 Passenger cars and chassis Group 1, Sub-Group G 3369913369913 Motorcycles, including three-wheel motorbikes, motor scooters, mopeds, and parts Group 1, Sub-Groups C, D, E, and F; Group 3; Group 4; and Group 5 3361103361102 Trucks, truck tractors, & bus chassis 14,000 lb or less. Incl. minivans, & suvs Group 6 3369993369991 Self-propelled golf carts and industrial in-plant personnel carriers and parts When requesting a price adjustment, the Contractor must submit a justification in writing to the Department's Contract Manager detailing the reasons for the price adjustment request and in the format requested by the Department’s Contract Manager. The requested price adjustment for a particular Vehicle may not exceed the average percent change in the PPI between the months of September and October for the prior five years. Price increases shall not exceed the average percent change in PPI for the prior five years or three percent, whichever is less. Passenger cars and chassis (Series ID 3361103361101): 2016 131.3 134.2 2.21% 2017 130.4 134.0 2.76% 2018 133.0 134.6 1.20% 2019 133.7 135.0 0.97% 2020 133.3 134.8 1.13% 𝐶 + (𝐶 × 𝑃) = 𝑋 Where:

Appears in 1 contract

Samples: State Term Contract

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