Signed+TC+156+Amendment+#1.pdf

This document is a Contract Amendment (Amendment #1) for Contract TC156 for Printing-DOT Certificates of Title, involving the State of North Dakota, specifically the Office of Management and Budget, State Procurement Office, and Holley Graphics from Watertown, South Dakota as the contractor.

The original contract commenced on March 1, 2021, with an initial expiration date of February 28, 2022, and includes provisions for renewal up to six additional contract periods. This amendment extends the contract for one year, with an updated expiration date of February 28, 2023. The amendment acknowledges current market conditions and allows for potential price increases due to the specialized nature of the product, which involves printing DOT Certificates of Title with various security features. The vendor (Holley Graphics) will notify the State of any price increases, with the understanding that if pricing becomes stabilized, the State may revert to an annual renewal process similar to previous terms.