PRICE ESCALATION/DE-ESCALATION. Price adjustments may be permitted for changes in CONTRACTOR’s cost of materials not to exceed the increase in the following index indices: CPI-W: U.S. city average, by expenditure category and commodity and service group- Information technology, hardware and services (1) (5). No price increases will be authorized for three hundred and sixty-five (365) calendar days after the effective date of this AGREEMENT. Price escalation may be permitted only at the end of this period and each 365 days hereafter and only where verified to the satisfaction of the purchasing office. However, “across the board” price decreases are subject to implementation at any time and shall be immediately conveyed COUNTY. CONTRACTOR shall give not less than thirty (30) days advance notice of any price increase to the purchasing office. Any approved price changes will be effective only at the beginning of the calendar month following the end of the full thirty (30) day notification period. CONTRACTOR shall document the amount and proposed effective date of any general change in the price of materials. Documentation shall be supplied with the contractor’s request for increase which will: (1) verify that the requested price increase is general in scope and not applicable just to COUNTY; and (2) verify the amount or percentage of increase which is being passed on to the contractor by the contractor’s suppliers. The purchasing office will notify the using agencies and CONTRACTOR in writing of the effective date of any increase which it approves. However, CONTRACTOR shall fill all purchase orders received prior to the effective date of the price adjustment at the old contract prices. The contractor is further advised that decreases which affect the cost of materials are required to be communicated immediately to the purchasing office.
PRICE ESCALATION/DE-ESCALATION. No price increases will be authorized for 365 calendar days after the effective date of this Agreement. Upward price adjustments may be permitted only at the end of this period and only where verified to the satisfaction of the County’s Procurement Management Department as provided herein. However, "across the board" price decreases are subject to implementation at any time and shall be immediately conveyed to the County. The Vendor shall not give less than 30 days’ advance written notice of a price increase to the the County’s Procurement Management Department. Any approved price change will be effective only at the beginning of the calendar month following the end of the full 30-day notification period. The Vendor shall document the amount and proposed effective date of the change in price. The price change must affect all accounts serviced by the Vendor. Documentation shall be supplied with Vendor's request for increase which will: (1) verify that the requested price increase is general in scope and not applicable just to the County; and (2) verify the amount or percentage of increase which is being passed on to the vendor by others not under the control of the vendor. Failure by the vendor to supply the aforementioned verification with the request for price increase will result in delay of the effective date of such increase. The County’s Procurement Management Department may make such verification as deemed adequate. However, an increase, which the County’s Procurement Management Department determines is excessive, regardless of any documentation supplied by the vendor, may be cause for cancellation of the Agreement by the County. The County will notify using agencies and Vendor in writing of the effective date of any increase, which is approved. However, the Vendor shall fill all purchase orders received prior to the effective date of the price adjustment at the old contract prices. Price decreases that affect the cost of materials, labor, and transportation are required to be passed on to the County immediately. Failure to do so will result in action to recoup such amounts. Minimum Insurance Requirements: Risk Management in no way represents that the insurance required is sufficient or adequate to protect the vendors’ interest or liabilities. The following are the required minimums the Vendor must maintain throughout the duration of this contract. The County reserves the right to request additional documentation regarding insurance provided.
PRICE ESCALATION/DE-ESCALATION. Price adjustments may be permitted for changes in the contractor’s cost of materials not to exceed the increase in the following index/indices: CPI. Price adjustments may also be allowed if the Commonwealth institutes an eVA transaction fee to be paid by Vendors effective July 1, 2003. No price increases will be authorized for calendar days after the effective date of the contract, except for the eVA transaction fee. Price escalation may be permitted only at the end of this period and each days thereafter and only where verified to the satisfaction of the University. However, “across the board” price decreases are subject to implementation at any time and shall be immediately conveyed to the University. Contractor shall give not less than 30 days advance notice of any price increase to the University. Any approved price changes will be effective only at the beginning of the calendar month following the end of the full 30 day notification period. The contractor shall document the amount and proposed effective date of any general change in the price of materials. Documentation shall be supplied with the contractor’s request for increase which will: (1) verify that the requested price increase is general in scope and not applicable just to the Commonwealth of Virginia; and (2) verify the amount or percentage of increase which is being passed on to the contractor by the contractor’s suppliers. The University will notify the using agencies and contractor in writing of the effective date of any increase which it approves. However, the contractor shall fill all purchase orders received prior to the effective date of the price adjustment at the old contract prices. The contractor is further advised that decreases which affect the cost of materials are required to be communicated immediately to the University.
PRICE ESCALATION/DE-ESCALATION. (CPI) is changed as follows: The County may allow a price escalation provision within this award. The original contract prices shall be firm for the first twelve (12) months of the contract period (5 years) contract period. A price escalation/de-escalation will be considered at one (1) year the time of contract renewal and at renewal intervals thereafter, provided the Contractor notifies the County, in writing, of the pending price escalation/de-escalation a minimum of sixty (60) days prior to the contract renewal date. Price adjustments shall be based on the latest version of the Consumers Price Index (CPI-U) for All Urban Consumers, All Items, U.S. City Average, non-seasonal, as published by the U.S. Department of Labor, Bureau of Labor Statistics. This information is available at xxx.xxx.xxx.
PRICE ESCALATION/DE-ESCALATION. After the initial Twelve-Month Period, Vendor and the City may make a request for an adjustment of the Unit Prices in accordance with the procedures set forth in the Solicitation Documents and an attachment to the CPA/BPA Form by submitting such request in writing to the other party. Such request shall include a written explanation and detailed supporting documentation as justification for such adjustment of the Unit Prices. Increases in the Unit Prices shall not be effective except pursuant to a writing duly executed by both Parties. Any adjustment in the Unit Prices will establish the new base Unit Prices from which any subsequent price adjustment will be calculated.
PRICE ESCALATION/DE-ESCALATION. The prices quoted on the proposal must remain fixed for a period of twelve (12) months beginning July 1st of the year the awarded contract is fully executed. In approximately January of the contract year the District will determine if a new contract will be issued for the upcoming year, at this point in time the Supplier may request an economic price adjustment. If the requested price adjustment exceeds the Consumer Price Index percent increase for Food Away from Home as calculated by the Bureau of Labor Statistics for the previous 12 months the requested increase must be accompanied by documentation justifying the increase. The District may choose to not accept the price increase and resolicit for the awarded product(s). If there is a decrease in the Consumer Price Index for Food Away from Home this decrease must be passed along to the District. The District Representative may request the Supplier to adjust their prices at any time during the award and/or renewal period, for any reason with valid documentation (i.e. due to fluctuating market conditions in the Producer Price Index or other market indices, etc.), that produces conditions deemed favorable and to be in the best interest of the District.
PRICE ESCALATION/DE-ESCALATION. Price de-escalation may be requested at any time, by the Contractor or the Department. A price escalation may be requested by the Contractor for the second and third twelve (12) month periods of the thirty-six (36) month contract period and for each twelve (12) month portion of any renewal periods by using the Producer Price Index Series WPU09150123 as published by U. S. Bureau of Labor Statistics. New PPI / Old PPI = Price Escalation Rate
PRICE ESCALATION/DE-ESCALATION. Discounts are to be considered the minimum for the entire term of the resulting contract. List price may be negotiated on an annual basis at the time of renewal. Price adjustments and/or discount adjustments may be permitted for changes in the Contractor’s cost of materials or services. The Producer Price Index of the United States Department of Labor, Bureau of Labor Statistics will be used by the Commonwealth as a guide in reviewing any Rate/Price increase requests. Price escalation may be authorized during the initial two-year term at the first anniversary date and then annually, only at the time of contract renewal and only where verified to the satisfaction of the purchasing office. However, “across the board” price decreases are subject to implementation at any time and shall be immediately conveyed to the Commonwealth. The Contractor shall document the amount of any general change in the price of materials. Documentation shall be supplied with the Contractor’s request for increase which will: (1) verify that the requested price increase is general in scope and not applicable just to the Commonwealth of Virginia; and (2) verify the amount or percentage of increase which is being passed on to the Contractor by the Contractor’s suppliers. All changes in the prices and / or discounts applicable to the Commonwealth must be approved in writing by the Division of Purchases and Supply prior to implementation by the Contractor(s). The DGS/DPS Contract Manager will notify the Authorized Users and Contractor in writing of the effective date of any approved increase. However, the Contractor shall fill all orders received prior to the effective date of the price adjustment at the old Contract prices. The Contractor is further advised that decreases that affect the cost of materials are required to be communicated immediately to the purchasing office. The Contract pricing for any renewal period following the initial two-year term shall not exceed the lesser of: (1) 3% of the Contract pricing for the prior term or (2) The Contract pricing for the prior period, increased/decreased by more than the percentage increase/decrease of: U.S. Bureau of Labor Statistics (BLS) - Producer Price Index (PPI)* for the latest twelve (12) month period for which statistics are available. Price adjustments are at the sole discretion of the Commonwealth, only permitted annually at the time of Contract renewal and only where verified to the satisfaction of the DGS/DPS Contract Manager...
PRICE ESCALATION/DE-ESCALATION. The City of Tampa will allow a price escalation / de-escalation provision within this award. The original bid prices shall be firm for a 1-year minimum period the remainder of the Initial Term of the Agreement. A price escalation/de-escalation will be allowed 1 year after the beginning of the award period at 1-year intervals, thereafter, at the beginning of each renewal term, except that an escalation will not be allowed for the first renewal term beginning October 1, 20223., provided the The Awardee shall notify notifies the City of Tampa, in writing, of the any pending price escalation/de-escalation a minimum of 60 days prior to the beginning of the renewal term effective date of the price escalation/de-escalation. The price escalation percentage change shall not exceed the previous 1-years’ percentage change of the Consumer Price Index for All Urban Consumers (“CPI-U”) published by the U.S. Department of Labor’s Bureau of Labor Statistics. Failure to comply with these instructions shall be grounds for disallowance of a price escalation as allowed herein. If, at the point of exercising the price escalation/de-escalation provision, the CPI-U or other reliable market media indicators show that the Awardee’s costs of production prices have decreased, and that the Awardee has not passed the decrease on to the City of Tampa, the City reserves the right to place the Awardee in default, cancel the award, and remove the Awardee from the City of Tampa Bidder List for a period of time deemed suitable by the City. In the event of this occurrence, the City of Tampa further reserves the right to utilize any and/or all options as stated herein.
4. All other provisions of the Contract remain in full force and effect.
PRICE ESCALATION/DE-ESCALATION. A price escalation or de-escalation may be requested, by the Contractor or the Department at the time of the contract anniversary by using the Producer Price Index (PPI) for Passenger Car Rentals, Business Travel, as published by the U.S. Bureau of Labor Statistics. The rate adjustments will be based on the PPI (series id XXX00000000000000, Base Date 199812: July 2008: 117.4) and may not exceed 5 percent.
