This document is a Price Increase Percentages form from the Arizona Department of Transportation (ADOT) Procurement division, designed for contract vendors to specify potential maximum price increases during contract renewal periods. The document is associated with Solicitation Number BPM003462 and is part of the State of Arizona's contracting process.
The form outlines a structured approach to price increases across four potential renewal periods, with maximum percentage increases of 2%, 4%, 6%, and 8% respectively. The example provided demonstrates how each renewal period's price increase is calculated using the original contract price, with the State of Arizona explicitly noting that price increases are not automatic and require documentation of need at the time of renewal. The vendor has handwritten a note indicating they cannot provide a price increase at this time and will advise accordingly if circumstances change.