Attachment_1_-_Sample_Price_Adjustment_Calculation_7926_JG.pdf

This document is a sample price adjustment calculation attachment for a Media Monitoring Services contract with the Miami-Dade Aviation Department (MDAD) in Florida. The contract's effective date is May 1, 2022, with a solicitation end date of May 7, 2021. The attachment demonstrates the methodology for calculating Consumer Price Index (CPI)-based price adjustments throughout the contract term, using April 2021 as the base CPI index month (229.815) and the initial contract price as the baseline for all subsequent adjustments.

The price adjustment calculation methodology maintains a constant base price and base CPI index throughout the contract term, with adjustments applied by comparing the current CPI index to the April 2021 base index, calculating the percentage change, and multiplying that percentage by the initial contract price. The document provides two calculation examples: one showing a 1.37% adjustment based on April 2023 CPI data (resulting in a $1.37 increase on a $100.00 base price) and another demonstrating a 4.48% adjustment using June 2024 CPI data (resulting in a $4.48 increase). This mechanism allows for transparent and systematic price modifications based on actual inflation as measured by the Consumer Price Index, ensuring the contract price remains equitable throughout its duration.