Common use of Fixed Product Pricing Clause in Contracts

Fixed Product Pricing. For product and supply contracts that provide on-going, multiple year supply. Original pricing shall be fixed and firm for the first year of the contract. Price requests are at the discretion of the Buyer; and must also be: The direct result of increases at the manufacturer's level (or if Vendor is a supplier of a raw material delivered directly to the City such as cement or soil, the increase must be verified at the supplier level). Incurred after contract commencement date. Not produce a higher profit margin than that on the original contract. Clearly identify the items impacted by the increase. Be filed with Buyer (RFP Coordinator) a minimum of 90 calendar days before the effective date of proposed increase. Be accompanied by detailed documentation acceptable to the Buyer (RFP Coordinator) sufficient to warrant the increase. The United States published indices such as the Producer Price Index or other government data may be referenced to help substantiate the Vendor’s documentation. A link to the PPI Commodity Data is available at xxxx://xxxx.xxx.xxx/PDQ/xxxxxxx.xxx?survey=wp. The Adjustment (if any) shall remain firm and fixed for at least 365 days after the effective date of the adjustment. Should not deviate from the original contract pricing scheme/methodology. .

Fixed Product Pricing. For product and supply contracts that provide on-going, multiple year supply. Original The Vendor may submit notice of a price reduction that provides more favorable and lower prices to the City, at any time during the contract. Requests by the Vendor to increase pricing shall be fixed and firm for no sooner than two years after the first year execution of the contract. Price requests , are at the discretion of the Buyer; and must also be: The direct result of increases at the manufacturer's level (or if Vendor is a supplier of a raw material delivered directly to the City such as cement or soil, the increase must be verified at the supplier level). Incurred after contract commencement date. Not produce a higher profit margin than that on the original contract. Clearly identify the items impacted by the increase. Be filed with Buyer (RFP Coordinator) a minimum of 90 calendar days before the effective date of proposed increase. Be accompanied by detailed documentation acceptable to the Buyer (RFP Coordinator) sufficient to warrant the increase. The United States published indices such as the Producer Price Index or other government data may be referenced to help substantiate the Vendor’s documentation. A link to the PPI Commodity Data is available at xxxx://xxxx.xxx.xxx/PDQ/xxxxxxx.xxx?survey=wp. The Adjustment (if any) shall remain firm and fixed for at least 365 days after the effective date of the adjustment. Should not deviate from the original contract pricing scheme/methodology. .

Fixed Product Pricing. For product and supply contracts that provide on-going, multiple year supply. Original pricing shall be fixed and firm for the first year of the contract. Price requests are at the discretion of the Buyer; and must also be: The direct result of increases at the manufacturer's level (or if Vendor is a supplier of a raw material delivered directly to the City such as cement or soil, the increase must be verified at the supplier level). Incurred after contract commencement date. Not produce a higher profit margin than that on the original contract. Clearly identify the items impacted by the increase. Be filed with Buyer (RFP Coordinator) a minimum of 90 calendar days before the effective date of proposed increase. Be accompanied by detailed documentation acceptable to the Buyer (RFP Coordinator) sufficient to warrant the increase. The United States published indices such as the Producer Price Index or other government data may be referenced to help substantiate the Vendor’s documentation. A link to the PPI Commodity Data is available at xxxx://xxxx.xxx.xxx/PDQ/xxxxxxx.xxx?survey=wp. The Adjustment (if any) shall remain firm and fixed for at least 365 days after the effective date of the adjustment. Should not deviate from the original contract pricing scheme/methodology. .

Fixed Product Pricing. For product and supply contracts that provide on-going, multiple year supply. Original pricing shall be fixed and firm for the first year two years of the contract. Price requests are at the discretion of the Buyer; and must also be: The direct result of increases at the manufacturer's level (or if Vendor is a supplier of a raw material delivered directly to the City such as cement or soil, the increase must be verified at the supplier level). Incurred after contract commencement date. Not produce a higher profit margin than that on the original contract. Clearly identify the items impacted by the increase. Be filed with Buyer (RFP Coordinator) a minimum of 90 calendar days before the effective date of proposed increase. Be accompanied by detailed documentation acceptable to the Buyer (RFP Coordinator) sufficient to warrant the increase. The United States published indices such as the Producer Price Index or other government data may be referenced to help substantiate the Vendor’s documentation. A link to the PPI Commodity Data is available at xxxx://xxxx.xxx.xxx/PDQ/xxxxxxx.xxx?survey=wp. The Adjustment (if any) shall remain firm and fixed for at least 365 90 days after the effective date of the adjustment. Should not deviate from the original contract pricing scheme/methodology. .