(A) Purchase adjustments. The purchasing agent may include provisions to permit price adjustments in a purchase contract. The following provisions for price adjustments may be included:
(1) Price adjustments must be computed by agreement of a fixed price adjustment before the beginning of the pertinent performance or as soon after the beginning of performance as possible;
(2) Price adjustment must be computed by unit prices specified in the contract or subsequently agreed upon;
(3) Price adjustments must be computed by costs attributable to the events or situations under such clauses with adjustment of profit or fee, all as specified in the contract or subsequently agreed upon;
(4) Price adjustments must be computed in such other manner as the contracting patties may mutually agree upon; or
(5) In the absence of agreement by the parties, price adjustments must be computed by a unilateral determination by the city of the costs attributable to the events or situations under such clauses with adjustment of profit or fee, all as computed by the city in accordance with applicable rules adopted by the governmental body.
(B) Adjustments in time of performance. The purchasing agent may include provisions in a purchase contract concerning adjustments for time of performance under the contract.
(C) Unilateral right of city. The purchasing agent may include in a purchasing contract provisions dealing with the unilateral right of the city to order changes in the contract terms in order to deal with temporary work or supply shortages or delays in the time of performance of the purchase contract, or in any public works contracts related thereto.
(D) Quantity variations. The purchasing agent may include in a purchase contract provisions dealing with variations between the estimated quantities of work in a contract and the actual quantity delivered.
(Ord. 2023-08, passed 10-16-23)