2-Price Percent inc doc CSBS.pdf

This document is an "Attachment: Price Increase Percentages" from the Arizona Department of Transportation (ADOT), which appears to be part of a solicitation (Solicitation No. BPM006653) for a contract renewal process. The document provides a template for vendors to specify maximum price increase percentages across four potential renewal periods.

The attachment outlines a structured approach for contract price adjustments, allowing vendors to propose incremental percentage increases for each renewal period. Using an example calculation, ADOT demonstrates how price increases would be computed against the original contract price, with percentages ranging from 2% to 8% across consecutive renewal periods. The document explicitly cautions that the State of Arizona does not automatically grant price increases and requires vendors to provide documentation substantiating the need for any requested price adjustment at the time of renewal. The maximum increase percentages must be specified by the offeror, with the understanding that if no information is provided, prices will remain consistent with the original contract term.