Common use of Cost Adjustments Clause in Contracts

Cost Adjustments. Prices quoted shall be firm for the initial contract term of one year. No cost increases shall be accepted in this initial contract term. Please consider this when providing pricing for this request for proposal. Thereafter, any extensions which may be approved by the City shall be subject to the following: costs for any extension terms shall be subject to an adjustment only if increases or decreases occur in the industry. Such adjustment shall be based on the latest yearly percentage increase in the All Urban Consumers Price Index (CPI-U) as published by the Bureau of Labor Statistics, U.S. Dep't. of Labor and shall not exceed five percent (5%). The yearly increase or decrease in the CPI shall be that latest Index published and available for the calendar year ending 12/31, prior to the end of the contract year then in effect, as compared to the index for the comparable month, one-year prior. Any requested adjustment shall be fully documented and submitted to the City at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective on the beginning date of the approved contract extension. The City may, after examination, refuse to accept the adjusted costs if they are not properly documented, or considered to be excessive, or if decreases are considered to be insufficient. In the event the City does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the City, the Contract will be considered cancelled on the scheduled expiration date.

Cost Adjustments. Prices quoted shall be firm for the initial contract term of one yearthree (3) year(s). No cost increases shall be accepted in this initial contract term. Please consider this when providing pricing for this request for proposal. Thereafter, any extensions which may be approved by the City shall be subject to the following: costs for any extension terms shall be subject to an adjustment only if increases or decreases occur in the industry. Such adjustment shall be based on the latest yearly percentage increase in the All Urban Consumers Price Index (CPI-U) as published by the Bureau of Labor Statistics, U.S. Dep't. of Labor and shall not exceed five percent (5%). The yearly increase or decrease in the CPI shall be that latest Index published and available for the calendar year ending 12/31, prior to the end of the contract year then in effect, as compared to the index for the comparable month, one-year prior. Any requested adjustment shall be fully documented and submitted to the City at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective on the beginning date of the approved contract extension. The City may, after examination, refuse to accept the adjusted costs if they are not properly documented, or considered to be excessive, or if decreases are considered to be insufficient. In the event the City does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the City, the Contract will be considered cancelled on the scheduled expiration date.

Cost Adjustments. Prices quoted shall be firm for the initial contract term of one yeartwo (2) year(s). No cost increases shall be accepted in this initial contract term. Please consider this when providing pricing for this request for proposal. Thereafter, any extensions which may be approved by the City shall be subject to the following: costs for any extension terms shall be subject to an adjustment only if increases or decreases occur in the industry. Such adjustment shall be based on the latest yearly percentage increase in the All Urban Consumers Price Index (CPI-U) as published by the Bureau of Labor Statistics, U.S. Dep't. of Labor and shall not exceed five percent (5%). The yearly increase or decrease in the CPI shall be that latest Index published and available for the calendar year ending 12/31, prior to the end of the contract year then in effect, as compared to the index for the comparable month, one-year prior. Any requested adjustment shall be fully documented and submitted to the City at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective on the beginning date of the approved contract extension. The City may, after examination, refuse to accept the adjusted costs if they are not properly documented, or considered to be excessive, or if decreases are considered to be insufficient. In the event the City does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the City, the Contract will be considered cancelled on the scheduled expiration date.

Cost Adjustments. Prices The cost for all items as quoted herein shall be remain firm for the initial contract term of one yearperiod specified/awarded. No cost increases shall be accepted in this initial contract term. Please consider this when providing pricing Costs for this request for proposal. Thereafter, any extensions which may be approved by the City shall be subject to the following: costs for subsequent periods and any extension terms term periods shall be subject to an adjustment only if increases or decreases occur in the industry. Such adjustment However, unless very unusual and significant changes have occurred in the industry, such increases shall be based on not exceed 5% per year or, whichever is less, the latest yearly percentage increase in the All Urban Consumers Price Index (CPI-U) (National) as published by the Bureau of Labor Statistics, U.S. Dep'tDept. of Labor and shall not exceed five percent (5%)Labor. The yearly increase increase, or decrease in the CPI shall be that latest Index index published and available for the calendar year ending 12/31, ninety (90) days prior to the end of the contract year then in effect, as effect compared to the index for the comparable month, one-same month one year prior. Any requested adjustment cost increase shall be fully documented and submitted to the City at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective on upon the beginning anniversary date of the approved contract extensioncontract. In the event the CPI or industry costs decline, the City shall receive, from the Contractor, a reasonable reduction in costs that reflect such cost changes in the industry. The City may, after examination, refuse to accept the adjusted costs if they are not properly documented, or increases are considered to be excessive, or if decreases are considered to be insufficient. In the event the City does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the City, the contract will not be renewed and the City will rebid the contract. Any contract extension is subject to the continuation of usage and the appropriation of funds. EEO PROVISIONS During the performance of this Contract will be considered cancelled on the scheduled expiration date.Contractor agrees as follows:

Cost Adjustments. Prices The cost for all items as quoted herein shall be remain firm for the initial contract term of one yearperiod specified/awarded. No cost increases shall be accepted in this initial contract term. Please consider this when providing pricing Costs for this request for proposal. Thereafter, any extensions which may be approved by the City shall be subject to the following: costs for subsequent periods and any extension terms term periods shall be subject to an adjustment only if increases or decreases occur in the industry. Such adjustment However, unless very unusual and significant changes have occurred in the industry, such increases shall be based on not exceed 5% per year or, whichever is less, the latest yearly percentage increase in the All Urban Consumers Price Index (CPI-U) (National) as published by the Bureau of Labor Statistics, U.S. Dep'tDept. of Labor and shall not exceed five percent (5%)Labor. The yearly increase increase, or decrease in the CPI shall be that latest Index index published and available for the calendar year ending 12/31, ninety (90) days prior to the end of the contract year then in effect, as effect compared to the index for the comparable month, one-same month one year prior. Any requested adjustment cost increase shall be fully documented and submitted to the City at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective on upon the beginning anniversary date of the approved contract extensioncontract. In the event the CPI or industry costs decline, the City shall receive, from the Contractor, a reasonable reduction in costs that reflect such cost changes in the industry. The City may, after examination, refuse to accept the adjusted costs if they are not properly documented, or increases are considered to be excessive, or if decreases are considered to be insufficient. In the event the City does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the City, the Contract contract will not be considered cancelled on renewed and the scheduled expiration dateCity will rebid the contract.

Cost Adjustments. Prices The cost for all items as quoted herein shall be remain firm for the initial contract term of one yearperiod specified/awarded. No cost increases shall be accepted in this initial contract term. Please consider this when providing pricing Costs for this request for proposal. Thereafter, any extensions which may be approved by the City shall be subject to the following: costs for subsequent periods and any extension terms term periods shall be subject to an adjustment only if increases or decreases occur in the industry. Such adjustment However, unless very unusual and significant changes have occurred in the industry, such increases shall be based on not exceed 5% per year or, whichever is less, the latest yearly percentage increase in the All Urban Consumers Price Index (CPI-U) (National) as published by the Bureau of Labor Statistics, U.S. Dep'tDept. of Labor and shall not exceed five percent (5%)Labor. The yearly increase increase, or decrease in the CPI shall be that latest Index index published and available for the calendar year ending 12/31, ninety (90) days prior to the end of the contract year then in effect, as effect compared to the index for the comparable month, one-same month one year prior. Any requested adjustment cost increase shall be fully documented and submitted to the City at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective on upon the beginning anniversary date of the approved contract extensioncontract. In the event the CPI or industry costs decline, the City shall receive, from the Contractor, a reasonable reduction in costs that reflect such cost changes in the industry. The City may, after examination, refuse to accept the adjusted costs if they are not properly documented, or increases are considered to be excessive, or if decreases are considered to be insufficient. In the event the City does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the City, the contract will not be renewed and the City will rebid the contract. Any contract extension is subject to the continuation of usage and the appropriation of funds. During the performance of this Contract will be considered cancelled on the scheduled expiration date.Contractor agrees as follows:

Cost Adjustments. Prices quoted shall be firm for the initial contract term of one yeartwo (2) year(s). No cost increases shall be accepted in this initial contract term. Please consider this when providing pricing for this request for proposal. Thereafter, any extensions which may be approved by the City shall be subject to the following: costs for any extension terms shall be subject to an adjustment only if increases or decreases occur in the industry. Such adjustment shall be based on the latest yearly percentage increase in the All All-Urban Consumers Price Index (CPI-U) as published by the Bureau of Labor Statistics, U.S. Dep'tDepartment. of Labor and shall not exceed five percent (5%). The yearly increase or decrease in the CPI shall be that latest Index published and available for the calendar year ending 12/31, prior to the end of the contract year then in effect, as compared to the index for the comparable month, one-year prior. Any requested adjustment shall be fully documented and submitted to the City at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective on the beginning date of the approved contract extension. The City may, after examination, refuse to accept the adjusted costs if they are not properly documented, or considered to be excessive, or if decreases are considered to be insufficient. In the event the City does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the City, the Contract will be considered cancelled on the scheduled expiration date.

Cost Adjustments. Prices quoted shall be firm for the initial contract term of one yearthree (3) years. No cost increases shall be accepted in this initial contract term. Please consider this when providing pricing for this request for proposal. Thereafter, any extensions which may be approved by the City shall be subject to the following: costs for any extension terms shall be subject to an adjustment only if increases or decreases occur in the industry. Such adjustment shall be based on the latest yearly percentage increase in the All Urban Consumers Price Index (CPI-U) as published by the Bureau of Labor Statistics, U.S. Dep't. of Labor and shall not exceed five percent (5%). The yearly increase or decrease in the CPI shall be that latest Index published and available for the calendar year ending 12/31, prior to the end of the contract year then in effect, as compared to the index for the comparable month, one-year prior. Any requested adjustment shall be fully documented and submitted to the City at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective on the beginning date of the approved contract extension. The City may, after examination, refuse to accept the adjusted costs if they are not properly documented, or considered to be excessive, or if decreases are considered to be insufficient. In the event the City does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the City, the Contract will be considered cancelled on the scheduled expiration date.

Cost Adjustments. Prices quoted shall be firm for the initial contract term of one yeartwo year(s). No cost increases shall be accepted in this initial contract term. Please consider this when providing pricing for this request for proposal. Thereafter, any extensions which may be approved by the City shall be subject to the following: costs for any extension terms shall be subject to an adjustment only if increases or decreases occur in the industry. Such adjustment shall be based on the latest yearly percentage increase in the All Urban Consumers Price Index (CPI-U) as published by the Bureau of Labor Statistics, U.S. Dep't. of Labor and shall not exceed five percent (5%). The yearly increase or decrease in the CPI shall be that latest Index published and available for the calendar year ending 12/31, prior to the end of the contract year then in effect, as compared to the index for the comparable month, one-year prior. Any requested adjustment shall be fully documented and submitted to the City at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective on the beginning date of the approved contract extension. The City may, after examination, refuse to accept the adjusted costs if they are not properly documented, or considered to be excessive, or if decreases are considered to be insufficient. In the event the City does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the City, the Contract will be considered cancelled on the scheduled expiration date.

Cost Adjustments. Prices quoted shall be firm for the initial contract term of one yeartwo (2) years. No cost increases shall be accepted in this initial contract term. Please consider this when providing pricing for this request for proposal. Thereafter, any extensions which may be approved by the City shall be subject to the following: costs for any extension terms shall be subject to an adjustment only if increases or decreases occur in the industry. Such adjustment shall be based on the latest yearly percentage increase in the All Urban Consumers Price Index (CPI-U) as published by the Bureau of Labor Statistics, U.S. Dep't. of Labor and shall not exceed five percent (5%). The yearly increase or decrease in the CPI shall be that latest Index published and available for the calendar year ending 12/31, prior to the end of the contract year then in effect, as compared to the index for the comparable month, one-year prior. Any requested adjustment shall be fully documented and submitted to the City at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective on the beginning date of the approved contract extension. The City may, after examination, refuse to accept the adjusted costs if they are not properly documented, or considered to be excessive, or if decreases are considered to be insufficient. In the event the City does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the City, the Contract will be considered cancelled on the scheduled expiration date.

Cost Adjustments. Prices The cost for all items as quoted herein shall be remain firm for the initial contract term of one yearthe contract. No cost increases shall be accepted in this initial contract term. Please consider this when providing pricing Costs for this request for proposal. Thereafter, any extensions which may be approved by the City shall be subject to the following: costs for subsequent years and any extension terms term years shall be subject to an adjustment only if increases or decreases occur in the industry. Such adjustment However, unless very unusual and significant changes have occurred in the industry, such increases shall be based on not exceed 3% per year or, whichever is less, the latest yearly percentage increase in the All Urban Consumers Price Index (CPICPU-U) (National) as published by the Bureau of Labor Statistics, U.S. Dep'tDept. of Labor and shall not exceed five percent (5%)Labor. The yearly increase or decrease in the CPI shall be that latest Index index published and available for the calendar year ending 12/31, ninety (90) days prior to the end of the contract year then in effect, as effect compared to the index for the comparable month, one-same month one year prior. Any requested adjustment cost increase shall be fully documented and submitted to the City Town at least ninety (90) days prior to the contract anniversary date. Any approved cost adjustments shall become effective on upon the beginning anniversary date of the approved contract extensioncontract. In the event the CPI or industry costs decline, the Town shall have the right to receive from the Contractor reduction in costs that reflect such cost changes in the industry. The City Town may, after examination, refuse to accept the adjusted costs if they are not properly documented, or increases are considered to be excessive, or if decreases are considered to be insufficient. In the event the City Town does not wish to accept the adjusted costs and the matter cannot be resolved to the satisfaction of the CityTown, the Contract will contract can be considered cancelled on without penalty by the scheduled expiration dateTown upon giving thirty (30) days written notice to the Contractor.