1-Price Increase percentages & w-9_1.pdf

The document is an ADOT (Arizona Department of Transportation) Procurement Price Increase Percentages form for a state contract, specifically outlining the maximum percentage increases allowable during contract renewal periods. The document involves Econolite Control Products, Inc. as the contractor, with the State of Arizona as the contracting jurisdiction.

The contract allows for up to four renewal periods with progressively increasing maximum price adjustment percentages: 3.5% in the first renewal, 7.0% in the second, 10.5% in the third, and 14.0% in the fourth renewal period. Each percentage increase is calculated against the original contract price, and the State of Arizona does not automatically grant increases. If an increase is requested, documentation of need must be provided at the time of renewal. The example table demonstrates how these incremental increases would be applied, showing an original contract price of $100.00 and the corresponding maximum contract prices after each percentage increase.