ATTACHMENT D MATERIAL PRICE ADJUSTMENT SHEET AND EXAMPLE.pdf

This is an attachment document detailing material price adjustment procedures for a state and local contract opportunity. The document provides guidance on how contractors may request adjustments to material costs during the contract term, establishing a formal mechanism for addressing fluctuations in the cost of goods and raw materials. The attachment includes provisions for when price adjustments may be considered appropriate and the documentation required to support such requests, along with specific thresholds and conditions that must be met before adjustments are granted.

The document outlines the pricing framework and adjustment methodology, requiring contractors to submit detailed cost documentation and justification for any requested price increases. The adjustment process includes specific calculation methods, often tied to published indices or actual cost substantiation, and establishes clear limitations on the frequency and magnitude of adjustments permitted during the contract period. The material includes example calculations demonstrating how the adjustment formula is applied to various material cost scenarios, enabling contractors to understand the expected process and calculate potential adjustments before submission. This mechanism balances contractor risk mitigation against the need to control costs for the government entity, establishing transparent criteria that protect both parties from extreme market volatility while maintaining contract performance obligations.