Common use of Price Adjustments Clause in Contracts

Price Adjustments. The Contractor shall adhere to the initial and renewal term hourly rates (pricing) provided in its Cost Proposal. The Department will not allow for increases to these prices. Negotiated prices are not-to-exceed prices and lower prices may be negotiated by the Department and/or the Customer.

Price Adjustments. ‌ The Contractor shall adhere to the provide initial and renewal term hourly rates (pricing) as provided to Department in its the Cost Proposal. The Department will not allow for price increases to these pricesthroughout the life of the Contract unless specified in the renewal pricing submitting by the Contractor. Negotiated prices are not-to-exceed prices and lower prices may be negotiated by the Department and/or the CustomerCustomer under this Contract.