Common use of Cost Adjustments Clause in Contracts

Cost Adjustments. The cost for all items as quoted herein shall remain firm for the contract period specified/awarded. Costs for subsequent periods and any extension term periods shall be subject to an adjustment only if increases occur in the industry. However, unless very unusual and significant changes have occurred in the industry, such increases shall not exceed 5% per year or, whichever is less, the latest yearly percentage increase in the All Urban Consumers Price Index (CPI-U) (National) as published by the Bureau of Labor Statistics, U.S. Dept. of Labor. The yearly increase, or decrease in the CPI shall be that latest index published and available ninety (90) days prior to the end of the contract year then in effect compared to the index for the same month one year prior. Any requested cost increase shall be fully documented and submitted to the City at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective upon the anniversary date of the contract. In the event the CPI or industry costs decline, the City shall receive, from the Contractor, a reasonable reduction in costs that reflect such cost changes in the industry. The City may, after examination, refuse to accept the adjusted costs if they are not properly documented, increases are considered to be excessive, or decreases are considered to be insufficient. In the event the City does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the City, the contract will not be renewed and the City will rebid the contract.

Cost Adjustments. The cost for all items as Prices quoted herein shall remain be firm for the initial contract period specified/awardedterm of three (3) year(s). Costs No cost increases shall be accepted in this initial contract term. Please consider this when providing pricing for subsequent periods and this request for proposal. Thereafter, any extensions which may be approved by the City shall be subject to the following: costs for any extension term periods terms shall be subject to an adjustment only if increases or decreases occur in the industry. However, unless very unusual and significant changes have occurred in the industry, such increases Such adjustment shall not exceed 5% per year or, whichever is less, be based on the latest yearly percentage increase in the All Urban Consumers Price Index (CPI-U) (National) as published by the Bureau of Labor Statistics, U.S. DeptDep't. of LaborLabor and shall not exceed five percent (5%). The yearly increase, increase or decrease in the CPI shall be that latest index Index published and available ninety (90) days for the calendar year ending 12/31, prior to the end of the contract year then in effect effect, as compared to the index for the same month one comparable month, one-year prior. Any requested cost increase adjustment shall be fully documented and submitted to the City at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective upon on the anniversary beginning date of the contract. In the event the CPI or industry costs decline, the City shall receive, from the Contractor, a reasonable reduction in costs that reflect such cost changes in the industryapproved contract extension. The City may, after examination, refuse to accept the adjusted costs if they are not properly documented, increases are or considered to be excessive, or if decreases are considered to be insufficient. In the event the City does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the City, the contract Contract will not be renewed and considered cancelled on the City will rebid the contractscheduled expiration date.

Cost Adjustments. The cost for all items as Prices quoted herein shall remain be firm for the initial contract period specified/awardedterm of one year. Costs No cost increases shall be accepted in this initial contract term. Please consider this when providing pricing for subsequent periods and this request for proposal. Thereafter, any extensions which may be approved by the City shall be subject to the following: costs for any extension term periods terms shall be subject to an adjustment only if increases or decreases occur in the industry. However, unless very unusual and significant changes have occurred in the industry, such increases Such adjustment shall not exceed 5% per year or, whichever is less, be based on the latest yearly percentage increase in the All Urban Consumers Price Index (CPI-U) (National) as published by the Bureau of Labor Statistics, U.S. DeptDep't. of LaborLabor and shall not exceed five percent (5%). The yearly increase, increase or decrease in the CPI shall be that latest index Index published and available ninety (90) days for the calendar year ending 12/31, prior to the end of the contract year then in effect effect, as compared to the index for the same month one comparable month, one-year prior. Any requested cost increase adjustment shall be fully documented and submitted to the City at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective upon on the anniversary beginning date of the contract. In the event the CPI or industry costs decline, the City shall receive, from the Contractor, a reasonable reduction in costs that reflect such cost changes in the industryapproved contract extension. The City may, after examination, refuse to accept the adjusted costs if they are not properly documented, increases are or considered to be excessive, or if decreases are considered to be insufficient. In the event the City does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the City, the contract Contract will not be renewed and considered cancelled on the City will rebid the contractscheduled expiration date.

Cost Adjustments. The cost for all items as Prices quoted herein shall remain be firm for the initial contract period specified/awardedterm of two (2) year(s). Costs No cost increases shall be accepted in this initial contract term. Please consider this when providing pricing for subsequent periods and this request for proposal. Thereafter, any extensions which may be approved by the City shall be subject to the following: costs for any extension term periods terms shall be subject to an adjustment only if increases or decreases occur in the industry. However, unless very unusual and significant changes have occurred in the industry, such increases Such adjustment shall not exceed 5% per year or, whichever is less, be based on the latest yearly percentage increase in the All Urban Consumers Price Index (CPI-U) (National) as published by the Bureau of Labor Statistics, U.S. DeptDep't. of LaborLabor and shall not exceed five percent (5%). The yearly increase, increase or decrease in the CPI shall be that latest index Index published and available ninety (90) days for the calendar year ending 12/31, prior to the end of the contract year then in effect effect, as compared to the index for the same month one comparable month, one-year prior. Any requested cost increase adjustment shall be fully documented and submitted to the City at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective upon on the anniversary beginning date of the contract. In the event the CPI or industry costs decline, the City shall receive, from the Contractor, a reasonable reduction in costs that reflect such cost changes in the industryapproved contract extension. The City may, after examination, refuse to accept the adjusted costs if they are not properly documented, increases are or considered to be excessive, or if decreases are considered to be insufficient. In the event the City does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the City, the contract Contract will not be renewed and considered cancelled on the City will rebid the contractscheduled expiration date.

Cost Adjustments. The cost for all items as Prices quoted herein shall remain be firm for the initial contract period specified/awardedterm of two (2) year(s). Costs No cost increases shall be accepted in this initial contract term. Please consider this when providing pricing for subsequent periods and this request for proposal. Thereafter, any extensions which may be approved by the City shall be subject to the following: costs for any extension term periods terms shall be subject to an adjustment only if increases or decreases occur in the industry. However, unless very unusual and significant changes have occurred in the industry, such increases Such adjustment shall not exceed 5% per year or, whichever is less, be based on the latest yearly percentage increase in the All All-Urban Consumers Price Index (CPI-U) (National) as published by the Bureau of Labor Statistics, U.S. DeptDepartment. of LaborLabor and shall not exceed five percent (5%). The yearly increase, increase or decrease in the CPI shall be that latest index Index published and available ninety (90) days for the calendar year ending 12/31, prior to the end of the contract year then in effect effect, as compared to the index for the same month one comparable month, one-year prior. Any requested cost increase adjustment shall be fully documented and submitted to the City at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective upon on the anniversary beginning date of the contract. In the event the CPI or industry costs decline, the City shall receive, from the Contractor, a reasonable reduction in costs that reflect such cost changes in the industryapproved contract extension. The City may, after examination, refuse to accept the adjusted costs if they are not properly documented, increases are or considered to be excessive, or if decreases are considered to be insufficient. In the event the City does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the City, the contract Contract will not be renewed and considered cancelled on the City will rebid the contractscheduled expiration date.

Cost Adjustments. The cost for all items as Prices quoted herein shall remain be firm for the initial contract period specified/awardedterm of three (3) years. Costs No cost increases shall be accepted in this initial contract term. Please consider this when providing pricing for subsequent periods and this request for proposal. Thereafter, any extensions which may be approved by the City shall be subject to the following: costs for any extension term periods terms shall be subject to an adjustment only if increases or decreases occur in the industry. However, unless very unusual and significant changes have occurred in the industry, such increases Such adjustment shall not exceed 5% per year or, whichever is less, be based on the latest yearly percentage increase in the All Urban Consumers Price Index (CPI-U) (National) as published by the Bureau of Labor Statistics, U.S. DeptDep't. of LaborLabor and shall not exceed five percent (5%). The yearly increase, increase or decrease in the CPI shall be that latest index Index published and available ninety (90) days for the calendar year ending 12/31, prior to the end of the contract year then in effect effect, as compared to the index for the same month one comparable month, one-year prior. Any requested cost increase adjustment shall be fully documented and submitted to the City at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective upon on the anniversary beginning date of the contract. In the event the CPI or industry costs decline, the City shall receive, from the Contractor, a reasonable reduction in costs that reflect such cost changes in the industryapproved contract extension. The City may, after examination, refuse to accept the adjusted costs if they are not properly documented, increases are or considered to be excessive, or if decreases are considered to be insufficient. In the event the City does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the City, the contract Contract will not be renewed and considered cancelled on the City will rebid the contractscheduled expiration date.

Cost Adjustments. The cost for all items as quoted herein shall remain firm for the contract period specified/awardedterm of the contract. Costs for subsequent periods years and any extension term periods years shall be subject to an adjustment only if increases occur in the industry. However, unless very unusual and significant changes have occurred in the industry, such increases shall not exceed 53% per year or, whichever is less, the latest yearly percentage increase in the All Urban Consumers Price Index (CPICPU-U) (National) as published by the Bureau of Labor Statistics, U.S. Dept. of Labor. The yearly increase, increase or decrease in the CPI shall be that latest index published and available ninety (90) days prior to the end of the contract year then in effect compared to the index for the same month one year prior. Any requested cost increase shall be fully documented and submitted to the City Town at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective upon the anniversary date of the contract. In the event the CPI or industry costs decline, the City Town shall receive, have the right to receive from the Contractor, a reasonable Contractor reduction in costs that reflect such cost changes in the industry. The City Town may, after examination, refuse to accept the adjusted costs if they are not properly documented, increases are considered to be excessive, or decreases are considered to be insufficient. In the event the City Town does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the CityTown, the contract will not can be renewed and cancelled without penalty by the City will rebid Town upon giving thirty (30) days written notice to the contractContractor.

Cost Adjustments. The cost for all items as quoted herein shall remain firm for the contract period specified/awarded. Costs for subsequent periods and any extension term periods shall be subject to an adjustment only if increases occur in the industry. However, unless very unusual and significant changes have occurred in the industry, such increases shall not exceed 5% per year or, whichever is less, the latest yearly percentage increase in the All Urban Consumers Price Index (CPI-U) (National) as published by the Bureau of Labor Statistics, U.S. Dept. of Labor. The yearly increase, or decrease in the CPI shall be that latest index published and available ninety (90) days prior to the end of the contract year then in effect compared to the index for the same month one year prior. Any requested cost increase shall be fully documented and submitted to the City at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective upon the anniversary date of the contract. In the event the CPI or industry costs decline, the City shall receive, from the Contractor, a reasonable reduction in costs that reflect such cost changes in the industry. The City may, after examination, refuse to accept the adjusted costs if they are not properly documented, increases are considered to be excessive, or decreases are considered to be insufficient. In the event the City does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the City, the contract will not be renewed and the City will rebid the contract.. Any contract extension is subject to the continuation of usage and the appropriation of funds. During the performance of this Contract the Contractor agrees as follows:

Cost Adjustments. The cost for all items as Prices quoted herein shall remain be firm for the initial contract period specified/awardedterm of two year(s). Costs No cost increases shall be accepted in this initial contract term. Please consider this when providing pricing for subsequent periods and this request for proposal. Thereafter, any extensions which may be approved by the City shall be subject to the following: costs for any extension term periods terms shall be subject to an adjustment only if increases or decreases occur in the industry. However, unless very unusual and significant changes have occurred in the industry, such increases Such adjustment shall not exceed 5% per year or, whichever is less, be based on the latest yearly percentage increase in the All Urban Consumers Price Index (CPI-U) (National) as published by the Bureau of Labor Statistics, U.S. DeptDep't. of LaborLabor and shall not exceed five percent (5%). The yearly increase, increase or decrease in the CPI shall be that latest index Index published and available ninety (90) days for the calendar year ending 12/31, prior to the end of the contract year then in effect effect, as compared to the index for the same month one comparable month, one-year prior. Any requested cost increase adjustment shall be fully documented and submitted to the City at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective upon on the anniversary beginning date of the contract. In the event the CPI or industry costs decline, the City shall receive, from the Contractor, a reasonable reduction in costs that reflect such cost changes in the industryapproved contract extension. The City may, after examination, refuse to accept the adjusted costs if they are not properly documented, increases are or considered to be excessive, or if decreases are considered to be insufficient. In the event the City does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the City, the contract Contract will not be renewed and considered cancelled on the City will rebid the contractscheduled expiration date.

Cost Adjustments. The cost for all items as Prices quoted herein shall remain be firm for the initial contract period specified/awardedterm of two (2) years. Costs No cost increases shall be accepted in this initial contract term. Please consider this when providing pricing for subsequent periods and this request for proposal. Thereafter, any extensions which may be approved by the City shall be subject to the following: costs for any extension term periods terms shall be subject to an adjustment only if increases or decreases occur in the industry. However, unless very unusual and significant changes have occurred in the industry, such increases Such adjustment shall not exceed 5% per year or, whichever is less, be based on the latest yearly percentage increase in the All Urban Consumers Price Index (CPI-U) (National) as published by the Bureau of Labor Statistics, U.S. DeptDep't. of LaborLabor and shall not exceed five percent (5%). The yearly increase, increase or decrease in the CPI shall be that latest index Index published and available ninety (90) days for the calendar year ending 12/31, prior to the end of the contract year then in effect effect, as compared to the index for the same month one comparable month, one-year prior. Any requested cost increase adjustment shall be fully documented and submitted to the City at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective upon on the anniversary beginning date of the contract. In the event the CPI or industry costs decline, the City shall receive, from the Contractor, a reasonable reduction in costs that reflect such cost changes in the industryapproved contract extension. The City may, after examination, refuse to accept the adjusted costs if they are not properly documented, increases are or considered to be excessive, or if decreases are considered to be insufficient. In the event the City does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the City, the contract Contract will not be renewed and considered cancelled on the City will rebid the contractscheduled expiration date.