Common use of PRICING CONDITIONS Clause in Contracts

PRICING CONDITIONS. For the first twelve months of the Contract, pricing will be fixed at the submitted bid pricing. Sixty days prior to the anniversary date of the Contract, the Contractor may submit proposed pricing revisions for the follow year, which will be subject to negotiation by the County at the County’s discretion. The Chief Information Officer of Merced County Department of Administrative Services shall be the authorized County agent in any such negotiation. The Contractor must provide adequate documentation to substantiate any request for price increase. Any increase in unit price for any item included in this contract shall not exceed, unless otherwise approved by the Chief Information Officer of Merced County Department of Administrative Services, the percent change for the following Producer’s Price Index, as published by the Bureau of Labor Statistics: ___________________ (Product Code). In the event that the index drops, the Contractor shall pass on the County an equivalent reduction in pricing. The basis of the index shall be established as the last available month at the date of the Letter of Intent to Award, a copy of which will be mailed with the notice.

PRICING CONDITIONS. For the first twelve months of the Contract, pricing will be fixed at the submitted bid pricing. Sixty days prior to the anniversary date of the Contract, the Contractor may submit proposed pricing revisions for the follow year, which will be subject to negotiation by the County at the County’s discretion. The Chief Information Officer of Merced County Department of Administrative Services shall be the authorized County agent in any such negotiation. The Contractor must provide adequate documentation to substantiate any request for price increase. Any increase in unit price for any item included in this contract shall not exceed, unless otherwise approved by the Chief Information Officer of Merced County Department of Administrative Services, the percent change for the following Producer’s Price Index, as published by the Bureau of Labor Statistics: ___________________ (Product Code). In the event that the index drops, the Contractor shall pass on the County an equivalent reduction in pricing. The basis of the index shall be established as the last available month at the date of the Letter of Intent to Award, a copy of which will be mailed with the notice.