ECONOMIC ADJUSTMENT. Beginning twelve (12) months after the effective date of this Statewide Contract and for every annual anniversary thereafter, the prices set forth in Exhibit B – Prices for Services shall be adjusted, based upon the percent changes (whether up or down) in the United States Department of Labor, Bureau of Labor and Statistics (BLS) indices described below, for the most recent year. Economic adjustment will lag one (1) calendar quarter past the Contract commencement date to allow for publication of BLS data. All calculations for the index shall be based upon the latest version of data published as of one year of the effective date each year. Prices shall be adjusted on February 1st. If an index is recoded (i.e., the recoded index is a direct substitute for the prior index according to the BLS), this Statewide Contract will use the recoded index, as applicable. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used. The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Pricing/Base Period Index)
ECONOMIC ADJUSTMENT. Beginning twelve (12) months after the effective date of this Contract and for every annual anniversary thereafter, the prices set forth in Exhibit B – Prices shall be adjusted, based upon the percent changes (whether up or down) in the United States Department of Labor, Bureau of Labor and Statistics (BLS) WPU 454101 indices, for the most recent year. Economic adjustment will lag one (1) calendar quarter past the Contract commencement date to allow for publication of BLS data. All calculations for the index shall be based upon the latest version of data published as of April each year. Prices shall be adjusted in June. If an index is recoded (i.e., the recoded index is a direct substitute for the prior index according to the BLS), this Contract will use the recoded index, as applicable. If an index becomes unavailable, DES shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used. The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Index/Base Period Index).
ECONOMIC ADJUSTMENT. The Contract Prices set forth herein are firm and fixed for one year from the effective date of this Master Contract. Beginning twelve (12) months after the effective date of this Master Contract and for every annual anniversary thereafter, Contractor may request an annual price adjustment. Requests for price adjustments must be made in writing and be received at least thirty (30) days prior to the adjustment date (the annual anniversary of the effective date of the Master Contract). In the event Contractor fails to timely request a price adjustment, Enterprise Services, at its sole discretion, may allow an untimely adjustment; Provided, however, that such adjustment will not be effective for any time prior to Enterprise Services’ price adjustment. Price adjustments will be made in accordance with the percentage change in the United States Department of Labor, Bureau of Labor and Statistics (BLS) Produce Price Index (PPI), PCU5416--5416-- issued for Management and Technical Consulting Services of each contract term. The percentage difference between the PPI issued for PCU5416--5416--, Management and Technical Consulting Services 2020, and the PPI issued for each subsequent year will determine the maximum allowable adjustment of original contract prices. No retroactive contract price adjustments will be allowed. The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Index/Base Period Index). Only final PPI date will be used to adjust contract pricing. This Master Contract will use seasonally unadjusted indexes. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used.
ECONOMIC ADJUSTMENT. Beginning twelve (12) months after the effective date of this Master Contract and for every annual anniversary thereafter, the prices set forth in Exhibit A shall be adjusted, based upon the percent changes (whether up or down) in the United States Department of Labor, Bureau of Labor and Statistics (BLS) Producer Price Index (PPI) Computer terminal and other computer peripheral equipment mfg - Other computer peripheral equipment and point of sale terminals, not seasonally adjusted, for the most recent year. All calculations for the index shall be based upon the latest version of data published as of March 1 each year. If an index is recoded, that is the replacement is a direct substitute according to the BLS, this Contract will instead use the recode. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used. The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Index/Base Period Index).
ECONOMIC ADJUSTMENT. Exhibit B – Prices for Goods/Services is hereby amended by deleting the existing Exhibit B in its entirety and inserting the attached Exhibit B – Prices for Services.
ECONOMIC ADJUSTMENT. Beginning six (6) months after the effective date of this Contract and for every six (6) months thereafter, the prices set forth in Exhibit A Goods and Prices may be adjusted upon Contractor request. Requests for price adjustments must be made in writing and be received thirty (30) days prior to the adjustment date as indicated in the table “Economic Adjustment Request Requirements”. In the event Contractor fails to timely request a price adjustment; Enterprise Services, at its sole discretion, may allow an untimely adjustment; provided, however, that such adjustment will not be effective for any time prior to Enterprise Services price adjustment. Prices shall be adjusted, based upon the percent changes (whether up or down) in the United States Department of Labor, Bureau of Labor, and Statistics (BLS) Produce Price indices (PPI) described below, for the most recent year. Economic adjustment will lag one (1) calendar quarter past the Contract commencement date to allow for publication of BLS data. All calculations for the index shall be based upon the latest version of data published. If an index is recoded (i.e., the recoded index is a direct substitute for the prior index according to the BLS), this Contract will use the recoded index, as applicable. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used. The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Index/Base Period Index). The “Current Period Index” is the average of the most recent twelve months of non- Preliminary BLS index values, and the “Base Period Index” is the average of the twelve months of non-preliminary BLS index values prior to the Current Period Index. The following table will be used for all economic price adjustments based on the cost breakdown submitted with the bid. Category Producer Price Index Percentage Cups WPU09150355 (Cups and liquid-tight paper and paperboard containers 90 WPU072C Recyclable plastics 10 Plates WPU09 (Pulp, paper, and allied products) 80 WPU072C Recyclable plastics 10 WPU025201 (Raw cane sugar and sugarcane mill products and byproducts) 10 Bowls WPU09 (Pulp, paper, and allied products) 90 WPU072C Recyclable plastics 10 Cutlery WPU1267 (Cutlery, Flatware (except precious), razors & razors 95 WPU091509991 (Other sanitary paper and paperboard food containers, boards, and trays, excluding folding...
ECONOMIC ADJUSTMENT. Beginning twelve (12) months after the effective date of this Master Contract and for every annual anniversary thereafter, the prices set forth in Exhibit B – Prices shall be adjusted, based upon the percent changes (whether up or down) in the indices described below, for the most recent year. Economic adjustment will lag one (1) calendar quarter past the Contract commencement date to allow for publication of BLS data. For Maximum Delivery Charge Index Description Index Serial Number Weighting Truck Transportation of Freight BLS PPI – WPU3012 xxxxx://xxxx.xxx.xxx/dataViewer/view/timeseries/WPU3012 100% For All Other Items Index Description Index Serial Number Weighting Average Statewide Wages for Farmworkers and Laborers, Crop Nursery, and Greenhouse ESD OEWS – 452092 xxxxx://xxx.xx.xxx/labormarketinfo/occupations 50% Consumer Price Index All Urban Consumers – Pacific Region xxxxx://xxx.xxx.xxx/xxxx.xxxxxxx/cpi.t04.htm 50% If an index is recoded (i.e., the recoded index is a direct substitute for the prior index according to the BLS), this Master Contract will use the recoded index, as applicable. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used. The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Index/Base Period Index).
ECONOMIC ADJUSTMENT. Pursuant to Washington state law, Janitorial Services performed by janitors, waxers, shampooers, and window cleaners and performed in public buildings are deemed to be ‘public building service maintenance contracts.’ See RCW 39.12.020 and WAC 000-000-000. All such public building service maintenance contracts are subject to prevailing wage rates as established by the Washington State Department of Labor and Industries. Accordingly, the prevailing wage rates that are in effect shall constitute the prevailing wage rates, which must be paid for the first year of the term of this Master Contract. Subsequently, for the remainder of the Master Contract term, the applicable prevailing wage rates as set forth by the Washington State Department of Labor and Industries shall apply. There shall be no other economic adjustment to this Master Contract.
ECONOMIC ADJUSTMENT. Beginning thirty six (36) months after the effective date of this Master Contract and for every annual anniversary thereafter, the prices set forth in Exhibit B shall be adjusted, based upon the percent changes (whether up or down) in the United States Department of Labor, Bureau of Labor and Statistics (BLS) Producer Price Index (PPI) Survey and drafting instruments apparatus (Series ID: PCU3345193345199), for the most recent year. All calculations for the index shall be based upon the latest version of data published as of March 1 each year. If an index is recoded, that is the replacement is a direct substitute according to the BLS, this Contract will instead use the recode. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used. The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Index/Base Period Index).
ECONOMIC ADJUSTMENT. Beginning twenty-four (24) months after the effective date of this regional Statewide Contract and for every annual anniversary thereafter, the prices set forth in Exhibit B – Prices shall be adjusted, based upon the percent changes (whether up or down) in the United States Department of Labor, Bureau of Labor and Statistics (BLS) indices described below, for the most recent year. Economic adjustment will lag one (1) calendar quarter past the Contract commencement date to allow for publication of BLS data. All calculations for the index shall be based upon the latest version of data published as of September each year. Prices shall be adjusted on November 1. If an index is recoded (i.e., the recoded index is a direct substitute for the prior index according to the BLS), this Statewide Contract will use the recoded index, as applicable. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used. The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Index/Base Period Index). Indexes to be used will be averaged by these categories: Description PPI Building related engineering projects PCU5413305413301 Total mining, utilities, and manufacturing industries PCUAMUM--AMUM-- Total mining industries PCUOMIN--OMIN--
