Ceiling Prices. The individual Net Tire Prices (after the applicable GBPL Discount is applied to the approved Government Book Price) and individual Optional Related Service Prices contained or referenced in the Section 7.1, Price Sheet & Ordering Instructions, Authorized Price List, will be the not-to-exceed Ceiling Prices under the Contract. Unless stated otherwise herein, the Ceiling Prices for the Tires and Optional Related Services individually include: all profit, administrative charges / fees, Authorized Dealer preparation charges / fees, environmental charges / fees (except Waste Tire Fee, per Section 5.8), packing charges / fees, handling charges / fees, freight charges / fees, shipping charges / fees, delivery charges / fees to any point within the State of Florida, warranty charges / fees, shop charges / fees, and any other charges or fees necessary to provide the Tire or Optional Related Service according to the requirements, specifications, terms, and conditions, exclusive of taxes. Where a Ceiling Price is a Net Tire Price, the Net Tire Price shall be calculated by applying the applicable GBPL Discount from Section 7.1, Price Sheet & Ordering Instructions, to the individual Tire’s approved Government Book Price and rounding to the nearest whole cent. For example, if the applicable GBPL Discount is 50.00% and the individual Tire’s Government Book Price is $147.59, then the Net Tire Price will be $73.80 [$147.59 – 50.00% = $73.795 = $73.80 (as rounded to the nearest whole cent)]. Additionally, the Contractor may, is encouraged to, and under certain circumstances (per Section 5.9, Authorized Price List) shall be required by the Department to provide Net Down Prices for contracted Tires. A Net Down Price is where the Contractor provides a specific Tire with a price lower than the contractually required Net Tire Price (Ceiling Price). For example, if the Net Tire Price is calculated at $73.80, the Net Down Price may be provided by the Contractor at a lower price, $55.00. Net Down Prices shall not exceed the Net Tire Price (Ceiling Prices) for the respective Tires. Eligible Users may negotiate Net Tire Prices, Net Down Prices, and Optional Related Service Prices for the contracted Tires and Optional Related Services with the Contractor and Authorized Dealer, provided the negotiated prices do not exceed the Ceiling Prices for the respective Tire or Optional Related Service. The Contractor and Authorized Dealer are prohibited from negotiating and charging prices that exceed the Ceiling Prices set forth or referenced in the Price Sheet & Ordering Instructions, Section 7.1 and from invoicing or billing at prices that exceed the total ordered (e.g., on the Purchase Order or Purchasing Card, Fuel Card, or Fleet Card). The Ceiling Prices are only subject to adjustments per Section 5.9, Authorized Price List, and must have received the prior approval of the Department. The Ceiling Price for any Tire or Optional Related Service must not exceed the current GBPL Price. In the event a Ceiling Price for any Tire or Optional Related Service is found to be above the current GBPL Price, the Department, at its sole option, shall reduce the Ceiling Price to the current GBPL Price or terminate and remove the Contractor’s award from the Contract.
Appears in 2 contracts
Sources: State Term Contract 863 000 10 1 Tires, State Term Contract 863 000 10 1 Tires