1-Price Increase percentages & w-9.pdf

The first document is a Price Increase Percentages form from the Arizona Department of Transportation (ADOT) Procurement division, specifically related to a statewide contract with Econolite Control Products, Inc. The document outlines the maximum allowable price increase percentages for contract renewal periods, which is applicable to the State of Arizona's contracting procedures.

The contract allows for up to four renewal periods with progressively increasing maximum price adjustment percentages: 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 calculated against the original contract price, and the State of Arizona does not automatically grant increases. If a price increase is requested, the contractor must provide documentation demonstrating the need at the time of renewal. The example table illustrates how these incremental increases would be applied, showing how the original contract price of $100.00 might incrementally increase across renewal periods based on the specified percentage maximums.