Cost escalation clause permits annual rate increase for document management services, leading to an adjusted docket coupon charge. The Commissioner implemented a Document Management System under a contract with a vendor that contains a Provision for Cost Escalation requiring the Vendee to accept a minimum 5% annual increase in vendor rates after one year, with any increase beyond 5% requiring prior consent of the Vendee and increases calculated on base cost excluding taxes; accordingly the docket coupon price is revised pursuant to that contractual escalation and other conditions of the earlier public notice remain unchanged.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cost escalation clause permits annual rate increase for document management services, leading to an adjusted docket coupon charge.
The Commissioner implemented a Document Management System under a contract with a vendor that contains a Provision for Cost Escalation requiring the Vendee to accept a minimum 5% annual increase in vendor rates after one year, with any increase beyond 5% requiring prior consent of the Vendee and increases calculated on base cost excluding taxes; accordingly the docket coupon price is revised pursuant to that contractual escalation and other conditions of the earlier public notice remain unchanged.
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