Common use of Price Changes Clause in Contracts

Price Changes. If allowed by Section 1.5.3, Price Term, the State and the Contractor will complete a pricing review (Review) every 365 days following the Effective Date, to allow for changes based on actual costs incurred. Requested changes may include increases or decreases in price and must be accompanied by supporting information indicating market support of proposed modifications (such as the CPI and PPI, US City Average, as published by the US Department of Labor, Bureau of Labor Statistics). (a) The State may request a Review upon 30 days written notice that specifies what Deliverable is being reviewed. At the Review, each party may present supporting information including information created by, presented, or received from third parties. (b) Following the presentation of supporting information, both parties will have 30 days to review the supporting information and prepare any written response. (c) In the event the Review reveals no need for modifications of any type, pricing will remain unchanged unless mutually agreed to by the parties. However, if the Review reveals that changes may be recommended, both parties will negotiate in good faith for 30 days unless extended by mutual agreement of the parties. (d) If the supporting information reveals a reduction in prices is necessary and Contractor agrees to reduce rates accordingly, then the State may elect to exercise the next one year option, if available. (e) If the supporting information reveals a reduction in prices is necessary and the parties are unable to reach agreement, then the State may eliminate all remaining Contract renewal options. (f) Any changes based on the Review must be implemented through the issuance of a Contract Change Notice.

Price Changes. If allowed by Section 1.5.3Prices quoted on all bids, Price Term, are the State and the Contractor will complete maximum for a pricing review (Review) every period of 365 days following from the Effective Date, to allow for changes based on actual costs incurreddate the contract becomes effective. Requested changes may include increases or decreases in price and must be accompanied by supporting information indicating market support of proposed modifications (such as the CPI and PPI, US City Average, as published by the US Department of Labor, Bureau of Labor Statistics). (a) The State Xxxxx XXXX may request a Review review upon 30 thirty (30) days written notice that specifies what Deliverable deliverable is being reviewed. At the Reviewreview, each party may present supporting information including information created by, presented, or received from third parties. (b) Following the presentation of supporting information, both parties will have 30 days to review the supporting information and prepare any written response. (c) In the event the Review review reveals no need for modifications of any type, pricing will remain unchanged unless mutually agreed to by the parties. However, if the Review review reveals that changes may be recommended, both parties will negotiate in good faith for 30 thirty (30) days unless extended by mutual agreement of the parties. (d) If the supporting information reveals a reduction in prices is necessary and Contractor agrees to reduce rates accordingly, then the State Xxxxx XXXX may elect to exercise the next one one-year option, if available. (e) If the supporting information reveals a reduction in prices is necessary and the parties are unable to reach agreement, then the State Xxxxx XXXX may eliminate all remaining Contract contract renewal options. (f) Any changes based on the Review review must be implemented through the issuance of a Contract Change Notice.

Price Changes. If allowed by Section 1.5.3Prices quoted for all Early Education Supplies and Materials, Price Term, are the State and the Contractor will complete maximum for a pricing review (Review) every period of 365 days following from the Effective Date, to allow for changes based on actual costs incurreddate the contract becomes effective. Requested changes may include increases or decreases in price and must be accompanied by supporting information indicating market support of proposed modifications (such as the CPI and PPI, US City Average, as published by the US Department of Labor, Bureau of Labor Statistics). (a) The State Xxxxx XXXX may request a Review review upon 30 days written notice that specifies what Deliverable deliverable is being reviewed. At the Reviewreview, each party may present supporting information including information created by, presented, or received from third parties. (b) Following the presentation of supporting information, both parties will have 30 days to review the supporting information and prepare any written response. (c) In the event the Review review reveals no need for modifications of any type, pricing will remain unchanged unless mutually agreed to by the parties. However, if the Review review reveals that changes may be recommended, both parties will negotiate in good faith for 30 days unless extended by mutual agreement of the parties. (d) If the supporting information reveals a reduction in prices is necessary and Contractor agrees to reduce rates accordingly, then the State Xxxxx XXXX may elect to exercise the next one one- year option, if available. (e) If the supporting information reveals a reduction in prices is necessary and the parties are unable to reach agreement, then the State Xxxxx XXXX may eliminate all remaining Contract contract renewal options. (f) Any changes based on the Review review must be implemented through the issuance of a Contract Change Notice.

Price Changes. If allowed by Section 1.5.3Prices quoted for all Early Education Supplies and Materials, Price Term, are the State and the Contractor will complete maximum for a pricing review (Review) every period of 365 days following from the Effective Date, to allow for changes based on actual costs incurreddate the contract becomes effective. Requested changes may include increases or decreases in price and must be accompanied by supporting information indicating market support of proposed modifications (such as the CPI and PPI, US City Average, as published by the US Department of Labor, Bureau of Labor Statistics). (a) The State Xxxxx XXXX may request a Review review upon 30 days written notice that specifies what Deliverable deliverable is being reviewed. At the Reviewreview, each party may present supporting information including information created by, presented, or received from third parties. (b) Following the presentation of supporting information, both parties will have 30 days to review the supporting information and prepare any written response. (c) In the event the Review review reveals no need for modifications of any type, pricing will remain unchanged unless mutually agreed to by the parties. However, if the Review review reveals that changes may be recommended, both parties will negotiate in good faith for 30 days unless extended by mutual agreement of the parties. (d) If the supporting information reveals a reduction in prices is necessary and Contractor agrees to reduce rates accordingly, then the State Xxxxx XXXX may elect to exercise the next one one-year option, if available. (e) If the supporting information reveals a reduction in prices is necessary and the parties are unable to reach agreement, then the State Xxxxx XXXX may eliminate all remaining Contract contract renewal options. (f) Any changes based on the Review review must be implemented through the issuance of a Contract Change Notice.

Price Changes. If allowed by Section 1.5.3Prices quoted for all Custodial/Janitorial Services, Price Term, are the State and the Contractor will complete maximum for a pricing review (Review) every period of 365 days following from the Effective Date, to allow for changes based on actual costs incurreddate the contract becomes effective. Requested changes may include increases or decreases in price and must be accompanied by supporting information indicating market support of proposed modifications (such as the CPI and PPI, US City Average, as published by the US Department of Labor, Bureau of Labor Statistics). (a) The State Xxxxx XXXX may request a Review review upon 30 days written notice that specifies what Deliverable deliverable is being reviewed. At the Reviewreview, each party may present supporting information including information created by, presented, or received from third parties. (b) Following the presentation of supporting information, both parties will have 30 days to review the supporting information and prepare any written response. (c) In the event the Review review reveals no need for modifications of any type, pricing will remain unchanged unless mutually agreed to by the parties. However, if the Review review reveals that changes may be recommended, both parties will negotiate in good faith for 30 days unless extended by mutual agreement of the parties. (d) If the supporting information reveals a reduction in prices is necessary and Contractor agrees to reduce rates accordingly, then the State Xxxxx XXXX may elect to exercise the next one one-year option, if available. (e) If the supporting information reveals a reduction in prices is necessary and the parties are unable to reach agreement, then the State Xxxxx XXXX may eliminate all remaining Contract contract renewal options. (f) Any changes based on the Review review must be implemented through the issuance of a Contract Change Notice.

Price Changes. If allowed by Section 1.5.3Prices quoted for all copiers, Price Termprinters, and related supplies and services, are the State and the Contractor will complete maximum for a pricing review (Review) every period of 365 days following from the Effective Date, to allow for changes based on actual costs incurreddate the contract becomes effective. Requested changes may include increases or decreases in price and must be accompanied by supporting information indicating market support of proposed modifications (such as the CPI and PPI, US City Average, as published by the US Department of Labor, Bureau of Labor Statistics). (a) The State Xxxxx XXXX may request a Review review upon 30 days written notice that specifies what Deliverable deliverable is being reviewed. At the Reviewreview, each party may present supporting information including information created by, presented, or received from third parties. (b) Following the presentation of supporting information, both parties will have 30 days to review the supporting information and prepare any written response. (c) In the event the Review review reveals no need for modifications of any type, pricing will remain unchanged unless mutually agreed to by the parties. However, if the Review review reveals that changes may be recommended, both parties will negotiate in good faith for 30 days unless extended by mutual agreement of the parties. (d) If the supporting information reveals a reduction in prices is necessary and Contractor agrees to reduce rates accordingly, then the State Xxxxx XXXX may elect to exercise the next one one- year option, if available. (e) If the supporting information reveals a reduction in prices is necessary and the parties are unable to reach agreement, then the State Xxxxx XXXX may eliminate all remaining Contract contract renewal options. (f) Any changes based on the Review review must be implemented through the issuance of a Contract Change Notice.