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Commonwealth of Virginia Request for Unsealed Proposals Title: Fluorescent Acrylic Cube Sides Due Date: August 20, 2013, Contact Information: Pamela S. Mickey, VCO Senior Contract Specialist packed
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Start by entering the name and contact information of the person or organization responsible for filling out the form.
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Indicate the date on which the priceescalationdeescalation is being filled out.
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Provide a brief explanation of the reason for the price escalation or de-escalation.
04
Outline the previous price and the new price that is being proposed.
05
If applicable, provide any supporting documentation or evidence that justifies the proposed price change.
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Businesses and organizations that have contractual agreements or ongoing relationships where price adjustments may be necessary.
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Suppliers or vendors who regularly provide goods or services and need to communicate changes in pricing.
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Project managers or procurement officers who oversee contracts and need to manage cost fluctuations over time.
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Price escalation or de-escalation is the adjustment of the price of goods or services based on certain factors such as inflation or market conditions.
Contractors or suppliers who have contracts that include provisions for price escalation or de-escalation are required to file.
Price escalation or de-escalation forms are typically filled out by entering the relevant information such as original price, adjustment factors, and new price.
The purpose is to ensure that prices are adjusted fairly to account for changes in market conditions, inflation, or other factors beyond the control of the parties involved.
Information such as original price, adjustment factors, calculation method, and new price must be reported.
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