Legal text for SACC item
- The portion of the price directly related to the base transaction cost of paper is subject to price adjustment (increase or decrease) at any time during the contract period but not before ________ (insert the date corresponding to the end of the 30-day period after contract award). The price will be adjusted using the percentage of the announced increase or decrease that came into effect by applying it to the applicable base transaction cost.
- To request a price adjustment, the Contractor must provide the Contracting Authority with a notice indicating the increase or decrease in the base transaction cost of the paper necessary to complete the requirement of the Contract, if applicable. Such notice must contain the price as publicly announced by at least three (3) paper supplier who supply the grade specified in the Contract and the date the price came into effect.
- The base transaction cost of paper subject to price
adjustment is as follows:
- cover stock (if applicable): ______ lb. at
a base transaction cost per Cwt. of $______ , and which
represent ______ percent of the unit price(s).
Brand name and paper supplier: __________________. - text stock (if applicable): _____ lb. at a
base transaction cost per Cwt. of $______ , and which
represent ______ percent of the unit price(s).
Brand name and paper supplier: ___________________.
- cover stock (if applicable): ______ lb. at
a base transaction cost per Cwt. of $______ , and which
represent ______ percent of the unit price(s).
- The Contractor must provide a copy of the quotation from the paper supplier(s) to support the above base transaction cost and a copy of the invoice(s) from the paper supplier(s) to support the adjusted base transaction cost.
- Any price adjustment must be approved by the Contracting Authority and will be evidenced through a contract amendment.