Price Increase Requests Clause Samples

Price Increase Requests. Contractor may thereafter request an increase in the pricing contained in Appendix E a maximum of once in any twelve month period provided that Contractor certifies in writing that the price change for Product applies to its U.S. Commercial Price List, and that Contractor documents the request to the satisfaction of the State.

Price Increase Requests. Contractor may thereafter request an increase in the pricing contained in Appendix E a maximum of once in any twelve month period provided that Contractor certifies in writing that the price change for product/service applies to its U.S. Commercial Price List, and that Contractor documents the request to the satisfaction of the State. Escalation Cap - Contractor has the sole responsibility to submit to OGS a rate adjustment request which must include a copy of the index or other supporting documentation necessary to support the request. Such adjustment shall in no event exceed the lesser of five (5%) percent or the percent increase in the latest copy (published 60 days previous to request) of the “National Consumer Price Index for All Urban Consumers (CPI-U)”, as published by the U.S. Department of Labor, Bureau of Labor Statistics, ▇▇▇▇▇▇▇▇▇▇, ▇.▇. ▇▇▇▇▇. In no event can prices exceed the Contractor’s published U.S. Commercial List price. Effective Date of Increase - Price increases shall be effective upon final approval by the State, and may not be posted on the Internet prior to receipt of final approval.

Price Increase Requests. Contractor may thereafter request an increase in the pricing contained in Appendix E a maximum of once in any twelve month period provided that Contractor certifies in writing that the price change for Product applies to its U.S. Commercial Price List, and that Contractor documents the request to the satisfaction of the State. Escalation Cap: Contractor has the sole responsibility to submit to OGS a rate adjustment request that must include a copy of the index or other supporting documentation necessary to support the request. Such adjustment shall in no event exceed the lesser of five (5%) percent or the percent increase in the latest copy of the “National Consumer Price Index for All Urban Consumers (CPI-U)”, as published by the U.S. Department of Labor, Bureau of Labor Statistics, ▇▇▇▇▇▇▇▇▇▇, ▇.▇. ▇▇▇▇▇. In no event can prices exceed the Contractor’s published U.S. Commercial List price.