1-Filled Portable Liquid Storage Tanks Price Increase Percentages.docx
DOCX document 41 KB Posted
- Attached to
- Master Agreement AZ|CTR072271
- Contract number
- CTR072271
- Issued by
- Arizona
About this file
This document is an attachment detailing price increase percentages for a procurement contract with the Arizona Department of Transportation (ADOT). The document appears to be part of a solicitation (No. BPM006025) related to filled portable liquid storage tanks, and is available through the Arizona state procurement website.
The attachment outlines maximum allowable price increase percentages for four potential contract renewal periods. Specifically, the first renewal period allows for a 0% increase, while the second renewal period permits a 5% increase, and the third and fourth renewal periods allow for 10% increases. Each percentage increase is calculated against the original contract price, and the state emphasizes that increases are not automatically granted. Vendors must provide documentation justifying any requested price increase at the time of renewal. The document includes an example calculation to demonstrate how percentage increases would be applied across successive renewal periods.
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Text version
Procurement
ATTACHMENT
PRICE INCREASE PERCENTAGES
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 _________0__________% Maximum Increase
2nd Renewal Period _________5__________% Maximum Increase
3rd Renewal Period ___________10________% Maximum Increase
4th Renewal Period ___________10________% 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 offeror 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 using 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: BPM006025 |
| Available online at |
https://appstate.az.gov/
Rev. 09/2022 image1.jpeg
File details come from the government source that posted it. Updated .