DOCUMENT

SPEC - Contract Requirements_ Fuel Price Adjustmen

  • TYPE OF DOCUMENT: SPEC - Specification
The document outlines the contractual requirements for rubbish and recycling removal services in Waukesha County. The initial term of the contract is three years, with the possibility of two one-year extensions upon mutual agreement and satisfactory performance. The contract is contingent upon the appropriation of sufficient funds in the annual budget. The County prefers the service to commence on November 1, 2006, but the contractor must be able to start within 30 days of notification of award if this date cannot be met. The document also includes provisions for price escalation and de-escalation. Contractors must provide their proposed prices for the first year, which must remain firm for the duration of the contract. The contract includes a consumer price index adjustment feature and a fuel price adjustment feature to protect the County's interests and provide a reasonable basis for bidding. Under the consumer price index adjustment, payment will be adjusted each year based on changes in the Bureau of Labor Statistics Consumer Price Index. Any increases requested after the first year must not exceed 3% or the CPI-U, Milwaukee-Racine, WI, whichever is lesser, and must be supported by independent documentation. The fuel price adjustment allows for quarterly adjustments based on changes in the weekly "Retail On-Highway Diesel Prices" reported by the Energy Information Administration. The adjustment is calculated based on the average of the three most recently reported weekly prices for diesel fuel, with a factor estimated to represent the portion of the bid price allocated to fuel costs. The document concludes by stating that the contractor agrees to accept payments adjusted according to the specified provisions as full compensation for services and/or materials delivered. The contract may be amended in the event of changes required by law, regulations, court action, fiscal funding availability, changes in service volume, or additions/deletions in the number of County pick-up locations.
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