PRICE JUSTIFICATION – FORMAT Sample Clauses
The PRICE JUSTIFICATION – FORMAT clause establishes the requirement for a specific structure or method by which a party must present evidence supporting the prices they propose or charge. Typically, this clause outlines the documentation, breakdowns, or calculations that must be provided, such as itemized cost lists, market comparisons, or supplier quotes. By standardizing how price justifications are submitted, the clause ensures transparency and enables the other party to efficiently review and verify the fairness and accuracy of the proposed pricing, thereby reducing the risk of disputes over costs.
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PRICE JUSTIFICATION – FORMAT. Contractor is required to submit the Product and price information for the update in an Excel spreadsheet format on a CD or electronically via e-mail to the OGS Purchasing Officer. The list must be dated and the format should be consistent with the format of the price list(s) included in Appendix E of this Contract. The price list should separately include and identify (e.g., by use of separate worksheets or by using italics, bold and/or color fonts): • Price increases; • Price decreases; • Products being added; and • Products being deleted. Each updated price list must include the date the price list was prepared, and be accompanied by a revised NYS Net Price List. The State also reserves the right to require a revised NYS Net Price List at any time during the Contract period, and it will be requested if there have been numerous updates since the last complete update.
PRICE JUSTIFICATION – FORMAT. Contractor is required to submit the Product and price information for the update in an Excel spreadsheet in either of the following formats: on two floppy or compact disks, or electronically via email to the OGS Purchasing Officer. The list must be dated and the format should be consistent with the format of the price list(s) included in Appendix E of this Contract. In addition, the price list should include Price increases, Price decreases, Products additions, and Product deletions listed separately (by use of separate worksheets and using highlighting, ▇▇▇▇▇ and/or color fonts).
PRICE JUSTIFICATION – FORMAT. If pricelist updates occur frequently, Auto Adds may be submitted on a monthly basis and include changes that occurred in the previous month. Contractor should note that all “Auto Adds” approved by OGS are subject to a post audit by OGS and the Office of the State Comptroller.