PRICEINCREASEPERCENT.doc
DOC document 26 KB Posted
- Attached to
- Water System Repair Parts and Fittings
- Solicitation number
- 2022-13
- Issued by
- Essex County, New Jersey
About this file
This document is a set of conditions for price increases or decreases for bids based on manufacturer's printed price lists, issued by the City of Newark, New Jersey's Division of Central Purchasing. The document relates to a specific contract opportunity for Water System Repair Parts and Fittings (Bid #2022-13), with electronic bids to be received until 10:15 am on Thursday, March 31, 2022, through the City's e-Procurement Portal. Bidders are required to maintain ample stock for emergency orders and submit the manufacturer's latest printed price list with their bid.
The pricing terms stipulate that percentage discounts or markups quoted in the contract will remain firm for the contract period and apply uniformly to all items in the manufacturer's price list. Bidders must submit documentation of any price changes within 5 days of the effective date, with increases limited to legal maximums established by manufacturers or government controls. New items introduced during the contract period may be included by submitting revised price lists, with net prices based on the original contract's percentage discount or markup. All correspondence regarding product replacements and price changes must be submitted to the City of Newark's Division of Central Purchasing at 828 Broad Street, 3rd floor, Newark, NJ 07102.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| Water_System_Repair_Parts_and_Fittings.pdf |
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
CONDITIONS FOR PRICE INCREASE OR DECREASE
FOR BIDS BASED ON MANUFACTURER’S PRINTED PRICE LIST
1.0 RESPONSIBILITY OF BIDDERS
A price increase or decrease will only apply to bids based on goods from the manufacturer’s direct factory branches, or their authorized distributors or dealers.
Bidders are required to maintain on hand ample stock at all times to fill emergency orders. The City reserves the right to inspect the place of business of the low bidder to determine his ability to obtain and stock the manufacturer’s items for delivery to the City.
The latest manufacturer’s printed price list(s) quoted in the Price Schedule Sheet must be submitted with the bid. If more than one price column is shown on the list submitted, the bidder must indicate the price column upon which his quotation is based.
Quotations based on any other price list other than the manufacturer’s latest printed price list will be declared informal.
2.0 DETERMINING THE LOW BIDDER
The price column quoted, plus or minus the percentage quoted on the Price Schedule Sheet, will be the basis for determining the low bidder.
3.0 NEW ITEMS
Any new items introduced by the manufacturer during the contract period may be included in the existing contract, provided that the manufacturer’s revised printed price list is submitted to the City’s Division of Central Purchasing within 5 days after the effective date.
The net price of the new items shall be based on the same percentage discount or markup as quoted in the existing contract.
4.0 PRICE INCREASE OR DECREASE
The percentages as stipulated in the contract will remain firm for the contract period. The same percentages will apply to all items in the manufacturer’s revised printed price list.
In the event of a price increase, such increase shall not be in excess of the legal limit established by the manufacturer or government controls, where applicable.
(continued)
CONDITIONS FOR PRICE INCREASE OR DECREASE
FOR BIDS BASED ON MANUFACTURER’S PRINTED PRICE LIST
To qualify for any revision in price, either an increase or a decrease, the bidder must submit a copy of the manufacturer’s latest printed revised price list or other such documentation indicating the dollar amount or percentage change in price. This notice must be submitted to the City’s Division of Central Purchasing within 5 days after the effective date.
All correspondence regarding product replacement and price changes must be submitted to:
City of Newark
Division of Central Purchasing
828 Broad Street-3rd floor
Newark, NJ 07102 priceincreasepercent revised 10/3/06
File details come from the government source that posted it. Updated .