Price Review. 4.1. The Contractor may request a price review on each contract anniversary date after the second anniversary of the framework (the Price Review Date) by submitting to the Authority a list of Prices it wishes to review together with written evidence of the justification for any requested variation. In the event of an increase the following information should be provided: 4.1.1. a breakdown of the profit and cost components that comprise the relevant Price; 4.1.2. details and reasons the movement in the different identified cost components of the relevant Price; 4.1.3. details of the drivers that contribute to the costs as highlighted in “Schedule 1b (Technical Response) – Managed Print Services and Solutions”; and 4.1.4. evidence that the Contractor has attempted to mitigate against an increase (if applicable) in the relevant cost components. 4.2. Notwithstanding clause 4.1 above, the Price shall otherwise remain fixed for the term of the Framework Agreement except where:4.1 4.2.1. the Contractor, at their sole discretion, reduces the price: or 4.2.2. the Authority has provided the Contractor with benchmarked prices in accordance with clause 5 (Benchmarking).
Appears in 9 contracts
Samples: Framework Agreement, Framework Agreement, Framework Agreement
