T202120003 Diesel Fuel Cost Price Adjustment Form.pdf

This is a Diesel Fuel Cost Price Adjustment Form for Contract No. T202120003 related to the Old Brandywine Village Streetscape Improvements Phase II project in Delaware. The form requires bidders to submit their election to participate in or decline the diesel fuel cost price adjustment option (Special Provision 763626) at the time of bid opening. Bidders must complete and return this form with their bid proposal; failure to submit the form will result in automatic selection of the OPTION-OUT, which precludes any diesel fuel cost adjustments throughout the contract period.

The form contains two distinct options for bidder selection: OPTION-IN, which allows the contractor to participate in diesel fuel cost price adjustments, and OPTION-OUT, which declines such adjustments. The bidder's authorized representative must sign the form, have it notarized, and certify that they are authorized to make this election on behalf of the bidding organization. This mechanism allows contractors flexibility in managing fuel cost volatility while providing the procuring jurisdiction with clarity on pricing adjustments prior to contract award.