Common use of Price Increases Clause in Contracts

Price Increases. Contractor may request an increase in the prices listed in Exhibit B by submitting its request to the State in writing as described in §17 of the main body of this Contract. Requests for increases in prices are limited as follows: a) Contractor may not request a price increase during the Initial Term of this Contract. b) Contractor may not request a price increase within any twelve (12) month period following the State’s approval of a price increase under this section. c) Contractor may not submit a request for a price increase to the State fewer than thirty (30) days prior to when Contractor intends those increased prices to be effective. d) Contractor may only request a price increase if it can justify that increase based on the Producer Price Index or the Consumer Price Index issued by the US Department of Labor, Bureau of Labor Statistics, or a similar industry-pricing guide.

Price Increases. Contractor may request an increase in the prices listed in Exhibit B C by submitting its request to the State in writing as described in §17 of the main body of this Contract. Requests for increases in prices are limited as follows: a) Contractor may not request a price increase during the Initial Term of this Contract. b) Contractor may not request a price increase within any twelve (12) month period following the State’s approval of a price increase under this section. c) Contractor may not submit a request for a price increase to the State fewer than thirty (30) days prior to when Contractor intends those increased prices to be effective. d) Contractor may only request a price increase if it can justify that increase based on the Producer Price Index or the Consumer Price Index issued by the US Department of Labor, Bureau of Labor Statistics, or a similar industry-pricing guide.