Examples of Contract Year 3 in a sentence
The Contractor must submit the CPI-adjusted rates in the form and manner specified by OGS no later than 30 days prior to the start of Contract Year 3 and 5.
Prior to the start of Contract Year 3 and Contract Year 5, the MSP will calculate the CPI adjustment and transmit to the Contractor.
At the start of Contract Year 3 and Contract Year 5, the Contractor’s Hourly Wage Rates in Appendix D will be subject to an increase equal to the percentage increase, not to exceed 3%, in the Consumer Price Index (CPI) for all urban consumers (CPI-U) as published 90 days prior to the anniversary date for the preceding 24 month period by the U.S. Department of Labor, Bureau of Xxxxx Xxxxxxxxxx, Xxxxxxxxxx X.X. 00000.
Based upon the results, the Agency will determine if the performance targets proposed by the Managed Care Plan need to be adjusted for the remainder of the Contract term (Contract Year 3 through 5).
In the same example, the volume shipped during the period July 1, 2021 through June 30, 2022 will be used to determine the tier achieved for Contract Year 3.