DOCUMENT

POL - Price Adjustments

  • ENTITY TYPE: City/Township
  • TYPE OF DOCUMENT: POL - Policies/Procedures
The document is about price adjustments in a contract between a county and a bidder. It states that all prices offered in the contract will remain firm for one year from the effective date. However, prior to the commencement of subsequent renewal terms, the county will consider requests for price adjustments based on the current Consumer Price Index. The bidder must submit a written request for price adjustments at least sixty days before the renewal date. The Consumer Price Index referred to is the CPI-U for the Washington-Baltimore area, published by the United States Department of Labor. The county reserves the right to accept or reject the request for a price increase, and if approved, the price will remain firm for the requested renewal term. The document is signed by Diana G. Cox, Assistant Purchasing Agent for Anne Arundel County, Maryland.
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