All Terms and Conditions of. This AGREEMENT and any amendments thereof; the RFP; Vendor’s proposal and any amendments thereof, shall remain in full force and effect during the entire Term of this AGREEMENT. Notwithstanding this provision, Vendor may, after the SECOND year of the Term, request that MAPC negotiate a reasonable cost escalation, which price cannot exceed 5% of the cost at the time of the request. Vendor shall make such request in writing and demonstrate the basis for such price increase. MAPC will in good faith negotiate such price increase request. However, MAPC will not guarantee the requested price increase will be accepted.
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Samples: Contract for Goods and Services, Contract for Goods and Services
All Terms and Conditions of. This AGREEMENT and any amendments thereof; the RFP; Vendor’s 's proposal and any amendments thereof, shall remain in full force and effect during the entire Term of this AGREEMENT. Notwithstanding this provision, Vendor may, after the SECOND year of the Term, request that MAPC negotiate a reasonable cost escalation, which price cannot exceed 5% of the cost at the time of the request. Vendor shall make such request in writing and demonstrate the basis for such price increase. MAPC will in good faith negotiate such price increase request. However, MAPC will not guarantee the requested price increase will be accepted.
Appears in 1 contract
Samples: Contract for Goods and Services
All Terms and Conditions of. This AGREEMENT and any amendments thereof; the RFP; Vendor’s proposal and any amendments thereof, shall remain in full force and effect during the entire Term of this AGREEMENT. Notwithstanding this provision, Vendor may, after the SECOND year of the Term, request that MAPC negotiate MAPCnegotiate a reasonable cost escalation, which price cannot exceed 5% of the cost at the time of the request. Vendor shall make such request in writing and demonstrate the basis for such price increase. MAPC will in good faith negotiate such price increase request. However, MAPC will not guarantee the requested price increase will be accepted.
Appears in 1 contract
Samples: Contract for Goods And