ECONOMIC ADJUSTMENT. This section is amended in its entirety to read: The Contract Prices set forth herein are firm and fixed for two (2) years from the effective date of this Master Contract. Beginning twenty-four (24) months after the effective date of this Master Contract and for every biennial anniversary thereafter, Contractor may request a biennial price adjustment. Requests for price adjustments must be made in writing and be received at least thirty (30) days prior to the adjustment date (the annual anniversary of the effective date of the Master Contract). In the event Contractor fails to timely request a price adjustment, Enterprise Services, at its sole discretion, may allow an untimely adjustment; Provided, however, that such adjustment will not be effective for any time prior to Enterprise Services’ price adjustment. Price adjustments will be made in accordance with the percentage change in the United States Department of Labor, Bureau of Labor and Statistics (BLS) Produce Price Index (PPI), Commodity Group Commercial and Other Goods Moving Services Item Code ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ for Used household and office goods moving. The percentage difference between the most recent 12 months of PPI data will be compared against the 12 months of PPI data prior to that to determine the maximum allowable adjustment of contract prices. No retroactive contract price adjustments will be allowed. The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Index/Base Period Index). This Master Contract will use seasonally unadjusted indexes. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used.
Appears in 5 contracts
Sources: Contract No. 01920, Contract No. 01920, Contract No. 01920
ECONOMIC ADJUSTMENT. This section is amended in its entirety to read: The Contract Prices set forth herein are firm and fixed for two (2) years from the effective date of this Master Contract. Beginning twenty-twenty four (24) months after the effective date of this Master Contract and for every biennial anniversary thereafter, Contractor may request a biennial price adjustment. Requests for price adjustments must be made in writing and be received at least thirty (30) days prior to the adjustment date (the annual anniversary of the effective date of the Master Contract). In the event Contractor fails to timely request a price adjustment, Enterprise Services, at its sole discretion, may allow an untimely adjustment; Provided, however, that such adjustment will not be effective for any time prior to Enterprise Services’ price adjustment. Price adjustments will be made in accordance with the percentage change in the United States Department of Labor, Bureau of Labor and Statistics (BLS) Produce Price Index (PPI), Commodity Group Commercial and Other Goods Moving Services Item Code ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ for Used household and office goods moving. The percentage difference between the most recent 12 months PPI issued at the effective date of the Master Contract, and the PPI data issued on March 1, 2023 will be compared against determine the 12 months maximum allowable adjustment of original contract prices. Thereafter the percentage difference between the PPI data prior to that to issued on March 1, 2023 and the PPI issued on March 1, 2025 will determine the maximum allowable adjustment of contract prices. No retroactive contract price adjustments will be allowed. The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Index/Base Period Index). Only final PPI data will be used to adjust contract pricing. This Master Contract will use seasonally unadjusted indexes. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used.
Appears in 3 contracts
Sources: Master Contract, Master Contract, Master Contract
ECONOMIC ADJUSTMENT. This section is amended in its entirety to read: The Contract Prices set forth herein are firm and fixed for two (2) years one year from the effective date of this Master Contract. Beginning twenty-four twelve (2412) months after the effective date of this Master Contract and for every biennial annual anniversary thereafter, Contractor may request a biennial an annual price adjustment. Requests for price adjustments must be made in writing and be received at least thirty (30) days prior to the adjustment date (the annual anniversary of the effective date of the Master Contract). In the event Contractor fails to timely request a price adjustment, Enterprise Services, at its sole discretion, may allow an untimely adjustment; Provided, however, that such adjustment will not be effective for any time prior to Enterprise Services’ price adjustment. Price adjustments will be made in accordance with the percentage change in the United States Department of Labor, Bureau of Labor and Statistics (BLS) Produce Price Index (PPI), Commodity Group Commercial PCU5416‐‐5416‐‐ issued for Management and Other Goods Moving Technical Consulting Services Item Code ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ for Used household and office goods movingof each contract term. The percentage difference between the most recent 12 months of PPI data issued for PCU5416‐‐5416‐‐, Management and Technical Consulting Services 2020, and the PPI issued for each subsequent year will be compared against the 12 months of PPI data prior to that to determine the maximum allowable adjustment of original contract prices. No retroactive contract price adjustments will be allowed. The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Index/Base Period Index). Only final PPI date will be used to adjust contract pricing. This Master Contract will use seasonally unadjusted indexes. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used.
Appears in 2 contracts
Sources: Piggyback Contract for Business Consulting Services, Master Contract
ECONOMIC ADJUSTMENT. This section is amended in its entirety to read: The Contract Prices set forth herein are firm Beginning February 15, 2026, and fixed for two (2) years from the effective date of this Master Contract. Beginning twenty-four (24) months after the effective date of this Master Contract and for every biennial anniversary annually thereafter, Contractor may request a biennial price adjustmentadjustment to prices incorporated by reference as set forth in Exhibit B - Prices for Goods. Requests for price adjustments must be made in writing and be received at least thirty (30) days prior between February 15th and March 15th of each year. Contract prices, as adjusted by an EPA shall be effective thereafter, beginning April 15th; Provided, however, that the parties must timely execute a contract amendment to the adjustment date (the annual anniversary of the effective date of the Master Contract)incorporate such price adjustments. In the event Contractor fails to timely request a price adjustment, Enterprise Services, at its sole discretion, may allow an untimely adjustment; Provided, however, that such adjustment will not be effective for any time prior to Enterprise Services’ price adjustment. Price adjustments will be made in accordance with the percentage change in the United States Department of Labor, Bureau of Labor and Statistics (BLS) Produce Price Index (PPI), Commodity Group Commercial and Other Goods Moving Services Item Code ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ noted below. If an index is recoded (i.e., the recoded index is a direct substitute for Used household and office goods moving. The percentage difference between the most recent 12 months of PPI data will be compared against prior index according to the 12 months of PPI data prior to that to determine the maximum allowable adjustment of contract prices. No retroactive contract price adjustments will be allowed. The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Index/Base Period IndexBLS). This Master Contract , this Cooperative Purchasing Agreement will use seasonally unadjusted indexesthe recoded index, as applicable. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will shall be used. The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Index/Base Period Index). Iron and Steel Pipe Tube Manufacturing from Purchased Iron and Steel, Not Seasonally Adjusted PCU3312103312100 90% Rail Transportation PCU482---482-- 5% Truck Transportation PCU484---484--- 5% The “Current Period Index” is the average of the most recent twelve months of BLS Index values, and the “Base Period Index” is the average of the twelve months of BLS Index values prior to the Current Period Index.
Appears in 1 contract
Sources: Cooperative Purchasing Agreement
ECONOMIC ADJUSTMENT. This section is amended in its entirety to read: The Contract Prices set forth herein are firm and fixed for two (2) years from the effective date of this Master Contract. Beginning twenty-twenty four (24) months after the effective date of this Master Contract and for every biennial anniversary thereafter, Contractor may request a biennial price adjustment. Requests for price adjustments must be made in writing and be received at least thirty (30) days prior to the adjustment date (the annual anniversary of the effective date of the Master Contract). In the event Contractor fails to timely request a price adjustment, Enterprise Services, at its sole discretion, may allow an untimely adjustment; Provided, however, that such adjustment will not be effective for any time prior to Enterprise Services’ price adjustment. Price adjustments will be made in accordance with the percentage change in the United States Department of Labor, Bureau of Labor and Statistics (BLS) Produce Price Index (PPI), Commodity Group Commercial and Other Goods Moving Services Item Code ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ for Used household and office goods moving. The percentage difference between the most recent 12 months PPI issued at the effective date of the Master Contract, and the PPI data issued on January 1, 2023 will be compared against determine the 12 months maximum allowable adjustment of original contract prices. Thereafter the percentage difference between the PPI data prior to that to issued on January 1, 2023 and the PPI issued on January 1, 2025 will determine the maximum allowable adjustment of contract prices. No retroactive contract price adjustments will be allowed. The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Index/Base Period Index). Only final PPI data will be used to adjust contract pricing. This Master Contract will use seasonally unadjusted indexes. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used.
Appears in 1 contract
Sources: Master Contract
ECONOMIC ADJUSTMENT. This section is amended in its entirety to read: The Contract Prices contract prices for service hourly rates set forth herein in Exhibit C- Bid Price are firm and fixed for two one (21) years year from the effective date of this Master Contract. Beginning twenty-four twelve (2412) months after the effective date of this Master Contract and for every biennial annual anniversary thereafter, Contractor may request is eligible for a biennial price adjustment. Requests for price adjustments must be made in writing and be received at least thirty ninety (3090) days prior to the adjustment date (the annual anniversary of the effective date of the Master ContractCooperative Purchasing Agreement). In the event Contractor fails to timely request a price adjustment, Enterprise Services, at its sole discretion, may allow an untimely adjustment; Provided, however, that such adjustment will not be effective for any time prior to Enterprise Services’ price adjustment. Price adjustments will be made in accordance with the percentage change in the United States Department of Labor, Bureau of Labor and Statistics (BLS) Produce Price Index (PPI), Commodity Group Commercial and Other Goods Moving Services Item Code ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ noted below. If an index is recoded (i.e., the recoded index is a direct substitute for Used household and office goods moving. The percentage difference between the most recent 12 months of PPI data will be compared against prior index according to the 12 months of PPI data prior to that to determine the maximum allowable adjustment of contract prices. No retroactive contract price adjustments will be allowed. The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Index/Base Period IndexBLS). This Master Contract , this Cooperative Purchasing Agreement will use seasonally unadjusted indexesthe recoded index, as applicable. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will shall be used.. The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Index/Base Period Index). Category BLS Name BLS Code Percentage Professional Service hourly rates Average hourly earnings of private service CEU0800000003 100%
Appears in 1 contract
Sources: Cooperative Purchasing Agreement
ECONOMIC ADJUSTMENT. This section is amended in its entirety to read: The Contract Prices set forth herein are firm Beginning February 15, 2026, and fixed for two (2) years from the effective date of this Master Contract. Beginning twenty-four (24) months after the effective date of this Master Contract and for every biennial anniversary annually thereafter, Contractor may request a biennial price adjustmentadjustment to prices incorporated by reference as set forth in Exhibit B - Prices for Goods. Requests for price adjustments must be made in writing and be received at least thirty (30) days prior between February 15th and March 15th of each year. Contract prices, as adjusted by an EPA shall be effective thereafter, beginning April 15th; Provided, however, that the parties must timely execute a contract amendment to the adjustment date (the annual anniversary of the effective date of the Master Contract)incorporate such price adjustments. In the event Contractor fails to timely request a price adjustment, Enterprise Services, at its sole discretion, may allow an untimely adjustment; Provided, however, that such adjustment will not be effective for any time prior to Enterprise Services’ price adjustment. Price adjustments will be made in accordance with the percentage change in the United States Department of Labor, Bureau of Labor and Statistics (BLS) Produce Price Index (PPI), Commodity Group Commercial and Other Goods Moving Services Item Code ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ noted below. If an index is recoded (i.e., the recoded index is a direct substitute for Used household and office goods moving. The percentage difference between the most recent 12 months of PPI data will be compared against prior index according to the 12 months of PPI data prior to that to determine the maximum allowable adjustment of contract prices. No retroactive contract price adjustments will be allowed. The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Index/Base Period IndexBLS). This Master Contract , this Cooperative Purchasing Agreement will use seasonally unadjusted indexesthe recoded index, as applicable. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will shall be used. The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Index/Base Period Index). Plastics Material and Resins Manufacturing PCU325211325211 100% The “Current Period Index” is the average of the most recent twelve months of BLS Index values, and the “Base Period Index” is the average of the twelve months of BLS Index values prior to the Current Period Index.
Appears in 1 contract
Sources: Cooperative Purchasing Agreement