Pricelist Updates. Contractor may update its pricelist as follows: 1. Contract prices may be changed on the first anniversary of the Contract start date and annually thereafter. OGS, at its discretion, may request price changes at any time, if it is in the best interest of the State. It is the State’s intent to publish on the OGS website each Contractor’s price list. Requests for price adjustments and new items shall be submitted 30 calendar days prior to the anniversary date of the Bid Opening of the Solicitation and annually thereafter. Requests from Contractor for price increases at any other time will not be granted unless approved by OGS. The Contractor shall provide OGS with one electronic copy of the updated pricing. No Price Updates will be granted to any Contractor who has outstanding Sales Reports, Proof of Insurance or any other documentation that is required under the Contract. The discount offered on any new Products added to pricelists shall be no lower than the minimum established product category discount. Contractor shall submit its updated pricelist to the OGS Procurement Services contract administrator pursuant to the requirements of this section for review and written approval prior to issuing to Authorized Users or posting to the Contractor’s dedicated New York State website. The State reserves the right to request copies of existing contracts, price lists or invoices to ensure that the prices offered to the State are reasonable and commensurate with similar purchasers. In connection with any Contract pricelist update, OGS reserves the right to: Request additional information; Reject Contract updates; Remove Products from Contracts; Remove Products from Contract updates; and Request additional discounts for new or existing Products. In addition, OGS reserves the right to remove products from the Contractor’s pricelist at any time. All approved pricelist updates shall apply prospectively upon approval by OGS. All percentage discounts shall either remain firm (unchanged) or they may increase for the duration of the Contract.
Appears in 16 contracts
Samples: Educational Services, Contract for Educational Supplies and Equipment, Educational Services