1-Courtesy Cevrolet ADOT Medium Price Increase ARIZfiMA ATTACHMENT PRICE INCREASE PERCENTAGES.pdf
PDF 245 KB Posted
- Attached to
- Master Agreement AZ|CTR077349
- Contract number
- CTR077349
- Issued by
- Arizona
About this file
This document is an Arizona Department of Transportation (ADOT) contract attachment for Price Increase Percentages, associated with Solicitation No. BPM006654. The document is specifically designed for potential contractors to specify their proposed maximum price increase percentages during contract renewal periods.
The attachment outlines four potential renewal periods, with the offeror proposing maximum percentage increases: 5% for the first renewal, 10% for the second, 15% for the third, and 20% for the fourth renewal period. These percentages are calculated against the original contract price, and ADOT emphasizes that price increases are not automatically granted. Contractors must provide documentation justifying the need for any price increase at the time of renewal. The document includes an example demonstrating how these cumulative percentage increases would be applied to an original contract price, ensuring transparency in the potential pricing mechanism.
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Text version
ARIZfiMA ATTACHMENT
PRICE INCREASE PERCENTAGES
— DEPARTMENT OF —
TRANSPORTATION
The offeror should use the space below to identify the maximum price increase percentage that they may want to request at the time of renewal if ADOT exercises its option per the applicable provisions under any resultant contract(s).
1st Renewal Period % Maximum Increase in2nd Renewal Period .% Maximum increase
/53rd Renewal Period % Maximum Increase d.04th Renewal Period % Maximum Increase
The offeror is cautioned that each renewal period's increase percentage shall be computed against the
ORIGINAL contract price. If information is not provided in the space above, prices shall remain the same as the original contract term. Please see the following example for further clarification.
Example. If the ojfei'or anticipates requesting a 2% increase at each renewal period per Special Terms and Conditions, they should enter 2%, 4%. 6%, and 8% in the attachment.
Each percentage increase is calculated u.sing the original contract price. See example in table below.
Renewal
Period
% Maximum
Increase from
Attachment
Original Contract
Price
Maximum
Increase
Allowed
Maximum
Contract
Price
1 2% $100.00 $2.00 $102.00 2 4% $100.00 $4.00 $104.00 3 6% $100.00 $6.00 $106.00 4 8% $100.00 $8.00 $108.00
Furthermore, the offeror is advised that the State of Arizona does not automatically grant any increase when renewing the contract. If an increase is requested, documentation of need must be provided at the time of renewal.
Solicitation No: BPM006654 Available online at https://aDPState.a2.gov/
Rev. 11/2024
File details come from the government source that posted it. Updated .