Cost Increase by Mutual Agreement Sample Clauses
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Cost Increase by Mutual Agreement. After the contract’s initial term and if the University agrees to a renewal, the parties may agree upon a cost increase. The University is not obligated to agree upon a renewal or a cost increase. Increases in cost after the original contract term five (5) years shall be no greater than an amount equal to any percentage increase in the Contractor’s (documented) cost of goods for manufacturing such products during the immediately prior year. In no case, however, shall the increase be greater than a one-time 3% increase for final two renewal years combined.
Cost Increase by Mutual Agreement. After the contract’s initial term and if the Department agrees to a renewal, the parties may agree upon a cost increase. The Department is not obligated to agree upon a renewal or a cost increase. Any cost increases must be based on demonstrated industry-wide or regional increases in Contractor's costs. Publications such as the Federal Bureau of Labor Statistics and the Consumer Price Index (CPI) for all Urban Consumers may be used to determine the increased value.
Cost Increase by Mutual Agreement. FSO-PC-013 Contractor shall provide the State the following (insert a detailed description of the supplies, services, etc., to be provided to correspond to the requirements specified in the Scope of Project as listed in the solicitation).