2-Price Increase Percentages.pdf

This document is an Arizona Department of Transportation (ADOT) attachment detailing price increase percentages for contract renewals. The document is associated with Solicitation No. BPM006653 and is available online at https://apps.state.az.gov/.

The attachment provides a structured framework for potential price increases across four renewal periods, with maximum percentage increases of 3% in the first period, 6% in the second period, 9% in the third period, and 12% in the fourth period. Each increase is calculated against the original contract price, and ADOT cautions that increases are not automatic. Vendors must provide documentation justifying the need for a price increase at the time of renewal. The document includes an example table demonstrating how these percentage increases would be applied to an original contract price, illustrating the cumulative effect of compounding price adjustments over multiple renewal periods.