Contract Price Adjustment. The basis upon which the Contract Price shall be adjusted is as set out in paragraph 9.2 of Schedule IVB.
Contract Price Adjustment. 6.1. The Contractor agrees that prices shall remain firm for the Initial Contract Term. If consideration is to be given to adjusting the price after the Initial Contract Term or a Renewal Contract Term, the price may be adjusted only upon approval of a written request to the Procurement Agent. Upon receipt of the Contractor’s request, APS shall make a determination to approve or adjust the requested price increase based upon its investigations and the information provided by the Contractor. Any price adjustment agreed to shall take place only in accordance with the schedule defined above.
Contract Price Adjustment. The CMA agrees that prices shall remain firm for the Initial Contract Term. If consideration is to be given to adjusting the price after the Initial Contract Term or a Renewal Contract Term, the price may be adjusted only upon approval of a written request to the Procurement Agent. Upon receipt of the CMA’s request, APS shall make a determination to approve or adjust the requested price increase based upon its investigations and the information provided by the CMA. Any price adjustment agreed to shall take place only in accordance with the schedule defined above. The request for an adjustment in the price shall include as a minimum, (1) the cause for the adjustment; (2) proposed effective date; and, (3) the amount of the adjustment requested with documentation to support the requested adjustment (i.e., appropriate Bureau of Labor Statistics index, change in manufacturer's price, etc.) The request must be received at least thirty (30) days prior to the effective date of the expiration of the Initial Contract Term or Renewal Contract Term and shall become effective only upon approval by the Procurement Agent. The adjusted price shall not apply to orders received by the CMA prior to the effective date of the approved increased price. Orders placed via Purchase Order, shall be considered to have been received by the CMA after the fifth (5th) calendar day following the date issuance. The Procurement Agent may cancel, without liability to either party, any portion of the Contract affected by the requested adjustment and any materials, supplies or Services undelivered at the time of such cancellation.
Contract Price Adjustment. 3.1 In the event that the Contract Period is extended beyond the period specified in Condition 3.1, the rates contained in this Schedule of Prices & Rates shall be adjustable in line with Condition 22.3, based on a figure of up to but not exceeding the average Retail Price Index (RPIX) rate over the immediately preceding 12 month period prior to the extension.
Contract Price Adjustment. 8.1 The Contract Price Adjustment mechanism and/or provisions relating to contract price adjustment, contained in this schedule is compulsory and binding on all tenderers.
Contract Price Adjustment. 3.1 In the event that the Contract Period is extended beyond the period specified in Section 2 the rates details in Section 3, 2.1 and 2.2 shall be adjustable based on a figure of up to but not exceeding the average Retail Price Index (RPI) rate over the immediately preceding 12 month period prior to the extension.
Contract Price Adjustment. 15.1 - For the products delivered and the services rendered, the payments due by the Purchaser to the Supplier are the ones stated in the tender attached to the contract.
Contract Price Adjustment. If the District Approves a VECP submitted by the DB Contractor pursuant to this Section 15.2, the Contract Price shall be adjusted in accordance with the following:
Contract Price Adjustment. 12.6.1 The increase or decrease in Contract Price resulting from a change in the Work shall be determined by one or more of the following methods:
Contract Price Adjustment. Contract may be adjusted annually. • No increase in any fee, cost, price, or other rate charged by Contractor to County (“Rate”) shall occur during the first year of the Contract. Thereafter, such Rate may be increased once per annum, but no increase in any Rate shall occur unless Contractor provides written notice of such Rate increase to County’s Authorized Representative at least sixty (60) days prior to an anniversary date of the Contract. For the second year of the Contract, the increase allowed in this paragraph shall be limited to the lesser of (i) the increase in Contractor’s published rates charged to all clients for the fully loaded services similar to the Work described herein, or (ii) the percentage increase in the published U.S. Department of Labor Consumer Price Index for All Urban Consumers (CPI-U), U.S. City Average, All Items, not seasonally adjusted, 1982-1984=100 reference base (Series Id: CUUR0000SA0) (“CPI”) as of the anniversary date over the published CPI prior to the commencement date of the Contract. In subsequent years, the increase allowed in this paragraph shall be limited to the lesser of (x) the increase in Contractor’s published rates charged to all clients for services similar to the Work described in the Contract, or (y) the percentage increase in the published CPI between anniversary dates. • Further, County shall be given the immediate benefit of any Rate decrease. Contractor shall promptly notify County’s Authorized Representative of the amount and effective date of such decrease. This decrease shall apply to orders placed on or after the effective date of the decrease. Invoices shall reflect prices in effect on the date the order was placed with the Contractor.
