1-Price Increases.pdf
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- Attached to
- Master Agreement AZ|CTR077315
- Contract number
- CTR077315
- Issued by
- Arizona
About this file
This document is a Price Increase Percentages form from the Arizona Department of Transportation (ADOT) for Solicitation No. BPM006772, available online at https://appstate.az.gov/. The form is designed for potential contractors to specify maximum price increase percentages for contract renewal periods.
The document outlines a structured approach to potential price increases over four renewal periods, with each increase calculated against the original contract price. The offeror can propose incremental percentage increases (in this example, 2%, 4%, 6%, and 8% respectively) for each renewal period. However, ADOT emphasizes that price increases are not automatically granted and require documentation of need at the time of renewal. The form provides a clear example of how these percentage increases would be applied, using a sample original contract price of $100.00, and demonstrates how the maximum contract price would incrementally rise with each renewal period.
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PRICE INCREASE PERCENTAGES
Solicitation No: BPM006772 Available online at https://appstate.az.gov/
Rev. 11/2024
The offeror should use the space below to identify the maximum price increase percentage that they may want to request at the time of renewal if ADOT exercises its option per the applicable provisions under any resultant contract(s).
1st Renewal Period ___________________% Maximum Increase
2nd Renewal Period ___________________% Maximum Increase
3rd Renewal Period ___________________% Maximum Increase
4th Renewal Period ___________________% Maximum Increase
The offeror is cautioned that each renewal period’s increase percentage shall be computed against the ORIGINAL contract price. If information is not provided in the space above, prices shall remain the same as the original contract term. Please see the following example for further clarification.
Example: If the offeror anticipates requesting a 2% increase at each renewal period per Special Terms and Conditions, they should enter 2%, 4%, 6%, and 8% in the attachment.
Each percentage increase is calculated using the original contract price. See example in table below.
Renewal Period
% Maximum Increase from Attachment
Original Contract
Price
Maximum Increase Allowed
Maximum Contract
Price 1 2% $100.00 $2.00 $102.00 2 4% $100.00 $4.00 $104.00 3 6% $100.00 $6.00 $106.00 4 8% $100.00 $8.00 $108.00
Furthermore, the offeror is advised that the State of Arizona does not automatically grant any increase when renewing the contract. If an increase is requested, documentation of need must be provided at the time of renewal.
File details come from the government source that posted it. Updated .