The usage quantities listed attached are only estimates taken from past order history. This does not constitute a firm commitment to purchase this quantity during the period of this blanket purchase order. Actual usage may exceed or fail to exceed estimates. All prices quoted must remain firm for the initial term of the contract purchase order. For the initial term of one (1) year; thereafter, prices may be increased for each subsequent one (1) year period throughout the duration of the contract, which may be renewed under the terms and conditions of this agreement at the sole option of philadelphia gas works (pgw) on an annual basis for up to three (3) additional one (1) year term(s). The price increase letter shall be sent to kristie.Maciejewski@pgworks.Com, referencing rfq#, blanket or contract #, contract term, and showing item(s) description and applicable pricing. Pgw reserves the right to review the propriety of the price increase and cancel the contract at its discretion. Failure to notify pgw within the fifteen (15) day timeframe shall result in the following: If the letter is received before the last day of the contract term, the effective date of the price increase shall be fifteen (15) days from receipt of the price increase letter received by pgw or, if the letter is not received before the last day of the current term, the prices for the renewal term shall be the same as the previous term. In no event shall the price increase exceed 5% in any renewal term. The increase shall reflect the change to the cpi or the 5% cap, whichever is less. Note: price decreases may be forwarded to the supply chain department buyer, in writing, at any time during the contract term, to include any renewal period(s). Once the contract agreement is awarded, the awarded vendor must adhere to what has been quoted or this could cause the order to be subject to cancellation. If you are a certified minority, woman, veteran, or disabled owned business, when submitting your bid response, please be sure to include a copy of your most current certification for verification purposes.
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