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Contract Price Adjustments - Alaska

Contract Price Adjustments Selection and Application of Price Adjustments Clauses The use of an equitable Price adjustment clause is recommended for state contracts if there is a possibility of significant economic fluctuation during the Contract term. Price adjustment clauses generally encourage companies to participate in the state procurement process. The use of a Price adjustment clause also allows companies to submit bid prices free of the contingencies that would otherwise be included to compensate for potential economic fluctuations. Not all term contracts entered into by the State of Alaska require a Contract Price adjustment clause. In general, short-term contracts for one year or less should not include a Price adjustment clause. Long-term contracts should not include a Price adjustment clause unless it is unreasonable for the contractor to maintain firm pricing over the term of the Contract , including any renewals.

Contract Price Adjustments. Selection and Application of Price Adjustments Clauses . The use of an equitable price adjustment clause is recommended for state contracts if there is a possibility

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