R-826 Price Increase State Use letter.pdf

This document is a price increase notification letter from the state of Illinois related to a statewide contract for Food Grade Film, 34" ICI Bakery. The contract ID is 66ab89867cf5b14e190c11f0 and is currently held by the incumbent vendor. The letter outlines a 5% price increase on all film products due to rising material costs, which will take effect on the next renewal period starting July 1st. The contract allows for annual renewals, with the current term expiring on June 30th. No further details are provided on the specific quantities, response requirements, or other contractual terms.

The letter indicates the price increase is necessary due to escalating raw material and production costs, which have impacted the vendor's margins. No information is given on the current contract value, funding sources, or set-aside requirements. The letter simply notifies the state purchasing office of the upcoming price adjustment in adherence with the existing contract terms.