Common use of PRICE ESCALATION/DEESCALATION Clause in Contracts

PRICE ESCALATION/DEESCALATION. Price adjustments for changes in the contractor’s price of materials, labor and transportation may be permitted. Request for price adjustments for any other reasons will not be granted. No price increases will be authorized for 365 calendar days after the effective date of the contract. Contractor shall give not less than 30 days advance notice prior to the annual renewal of the contract of any desired price increase.

PRICE ESCALATION/DEESCALATION. Price adjustments for changes in the contractor’s price of materials, labor and transportation may be permitteddifferential rate. Request for price adjustments for any other reasons will not be granted. No price increases will be authorized for 365 calendar days after the effective date of the contract. Contractor shall give not less than 30 days advance notice prior to the annual renewal of the contract of any desired price increase.