1-Price Increase Percent and W-9.pdf

The document is a Price Increase Percentages form from the Arizona Department of Transportation (ADOT) Procurement division, outlining the maximum allowable price increase percentages for contract renewals. The form is associated with Solicitation No. BPM003462 and is available online through the Arizona state procurement website.

The form specifies escalation percentages for up to four contract renewal periods: 3.5% for the first renewal, 7.0% for the second, 10.5% for the third, and 14.0% for the fourth renewal period. Each percentage increase is to be calculated against the original contract price, and ADOT cautions that the State of Arizona does not automatically grant increases upon renewal. If an increase is requested, documentation of need must be provided at the time of renewal. An example table demonstrates how the percentage increases would be applied to an original contract price of $100.00, showing the incremental maximum allowed increase and resulting contract price for each renewal period.