Common use of Rate Increase Clause in Contracts

Rate Increase. CONSULTANT shall have one opportunity per calendar year to request a labor classification rate increase. The request should be made to Utilities Purchasing at least 60 days prior to the desired effective date and include a justification. The annual increase, if approved by each of the GOVERNMENTAL ENTITIES, shall be in the form of an amendment to this contract. Work begun under a specific labor classification rate shall be completed under that labor classification rate.

Appears in 2 contracts

Sources: Professional Services Agreement, Professional Services Agreement