1-Price Increase.pdf

This document is an "Attachment: Price Increase Percentages" form from the Arizona Department of Transportation (ADOT), associated with a solicitation numbered BPM006654. The document is designed for potential contractors to specify their maximum price increase percentages for contract renewal periods.

The attachment allows offerors to propose percentage increases for up to four renewal periods, with an example demonstrating how price increases would be calculated against the original contract price. Notably, the State of Arizona does not automatically grant increases upon renewal, and contractors must provide documentation supporting the need for any requested price adjustment. The form provides a structured approach for contractors to transparently outline potential future pricing, with the understanding that each increase will be computed against the original contract price, and if no information is provided, prices will remain unchanged from the initial contract term.