4-[Vehicle Rental Services] BPM005905 Price Increase Percentages.pdf
PDF 115 KB Posted
- Attached to
- Master Agreement AZ|CTR073850
- Contract number
- CTR073850
- Issued by
- Arizona
About this file
This document is a Price Increase Percentages form from the Arizona Department of Transportation (ADOT) Procurement division, associated with Solicitation No. BPM005905. The document is available online at https://appstate.az.gov/ and is designed for potential contractors to specify their maximum price increase percentages for contract renewal periods.
The form outlines the maximum allowable price increases for four potential contract renewal periods: 0% for the first renewal, and 5% for each subsequent renewal (2nd, 3rd, and 4th periods). The document emphasizes that increases are not automatically granted and that contractors must provide documentation justifying any requested price increase. The increases are to be calculated against the original contract price, with each renewal period's percentage computed from the initial contract amount. The State of Arizona requires detailed documentation to support any price adjustments at the time of contract renewal.
View the file
Other files
Show all 19
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
Procurement
PRICE INCREASE PERCENTAGES
Solicitation No: BPM005905
Available online at https://appstate.az.gov/
Rev. 09/2022
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 _____0______________% Maximum Increase
2nd Renewal Period _____5______________% Maximum Increase
3rd Renewal Period _______5____________% Maximum Increase
4th Renewal Period _______5____________% 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.
https://appstate.az.gov/
File details come from the government source that posted it. Updated .