Pricing specifications during the term of a contract for Commodities may require fixed pricing, unspecified pricing, or may combine fixed prices for some Commodities and unspecified pricing for others, as is determined to be in the best interests of the City by the Contracting Officer.
If fixed prices are required by the Solicitation, such fixed prices shall represent the maximum price that the contractor may charge for the Commodities specified in the contract, and the Solicitation shall specify that the contractor must provide for price reductions as a Commodity becomes less expensive and the contractor’s costs for that Commodity are reduced.
Contracting Officers are encouraged to include price warranties or “most-favored customer” clauses in contracts, as appropriate, to give the City consistent access to the contractor’s lowest prices.
(Added by Ord. 156-99, File No. 990743, App. 6/2/99)