Bid Price Increase_Decrease Instructions B2727932.pdf
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- Attached to
- Accent Opaque/ Cougar-2
- Solicitation number
- B2727932
- Issued by
- Pennsylvania
About this file
This is a Bid Price Increase/Decrease Instructions document issued by the City of Philadelphia Free Library for Small Order Purchase Bid #B2727932 concerning the supply of Accent Opaque/Cougar-2 products. The contract term runs from the issued date of the purchase order through June 30, 2027, with the option for renewal on an annual basis for up to three additional one-year periods at the sole discretion of the City. The successful seller is obligated to provide supplies at the prices set forth in the Philadelphia Contracts for the initial twelve-month period.
Price adjustments are permitted for renewal periods and must be requested in writing to Stephanie Moore at moorest@freelibrary.org at least thirty days prior to the expiration of each contract period to be effective on the first day of the renewal period. Price increase requests must reference the bid number, contract number, period, item descriptions, applicable pricing, current price, CPI percentage change, and the proposed increased price. Price increases are limited to a maximum of 4 percent annually and are based on the percent change in the Consumer Price Index for All Urban Consumers - Philadelphia as published by the U.S. Department of Labor, Bureau of Labor Statistics and reflected in the Mid-Atlantic CPI Announcement for December of the applicable renewal year. Price decreases may be submitted in writing to the same contact at any time during the contract period, including renewal periods, with no advance notice requirement.
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Text version
City of Philadelphia Free Library of Philadelphia
SMALL ORDER PURCHASE - Bid# B2727932
PRICE INCREASE/DECREASE INSTRUCTIONS
Accent Opaque/ Cougar-2
1.1 Contract Term: Issued date of PO thru June 30, 2027
1.2 Price Increase
Successful seller shall provide service and/or supplies at the prices set forth in PHL Contracts for a period of twelve (12) months. Thereafter, the contract may be renewed under the terms and conditions of this agreement at the sole option of the City on an annual basis for up to three (3) additional one (1) year period(s). Seller may increase prices for future renewal periods provided that:
Notice of price increases must be received, in writing, by the City at least thirty (30) days prior to the expiration of each contract period for price increases to be effective as of the first day of the renewal period. Price increase letter shall be sent to Stephanie Moore (via email – moorest@freelibrary.org). referencing the bid number, contract number, period and showing item(s) description and applicable pricing. The price increase request must note the current price, the CPI percentage change, and the increased price.
Failure to notify the City within this thirty (30) daytime frame or if the letter is not received before the last day of the contract period, the prices for the renewal period shall be the same as the prices for the previous contract period.
For each renewal period the price increase and/or decrease shall be based upon the percent (%) change in the Index for All Urban Consumers - Philadelphia of the Consumer Price Index (All Items) as published by the U.S. Department of Labor, Bureau of Labor Statistics and as indicated by the Mid-Atlantic CPI Announcement for December of the applicable year of the renewal.
In no event shall the price increase exceed 4% in any renewal period. The increase shall reflect the change to the CPI or the 4% cap, whichever is less.
NOTE: Price decreases may be forwarded to Stephanie Moore, MooreSt@freelibrary.org, in writing at any time during the contract period, to include any renewal period(s).
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