Calculation of Adjustment. Starting August 1, 2019, the Contractor’s rates will be adjusted up or down for any difference in the base fuel price above or below the base fuel price. For every incremental fuel price change of at least five cents ($0.05) above or below the base fuel price, there will be a fuel price adjustment added or subtracted from the route rates in the amount of $0.50 per-route-per-day. Rate adjustments up or down will not be calculated more frequently than once per month. This adjustment is independent of the C.P.I. Adjustment of paragraph 11.2, above.
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Sources: Student Transportation Services Agreement, Student Transportation Services Agreement