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PROJECT MANUAL .
ARTICLE 6 :ECONOMIC PRICE ADJUSTMENT (APPLICABLE TO THE
OPTION PERIODS ONLY)
6,1. This Article provides a means to adjust the Contractors Adjustment Factors on
an annual basis by mutual agreement of the contracting parties from the date
of the Contract award. The actual negotiated escalation/de-escalation will not
exceed as' measured by the Construction Cost Index (CCI) published in the ENR
(formally known as Engineering News Record) calculated for the U.S. Twenty
(20) City Index.
6.2. The "original Adjustment Factors" are those Adjustment Factors submitted with
the Contractor's Bid that remain in effect for a one year period beginning with the
date of Contract award. Providing the Contract is still in effect, the Contractor's
Adjustment Factors shall be negotiated at each annual anniversary date of the
Contract award (i.e. in beginning of month 13, 25, 37 and 49 of the Contract).
hdJWctment Fad for
ARTICLE 7 SPECIFICATIONS AND DRAWINGS FOR CONSTRUCTION
7.1. The CITY is not required to furbish drawings or additional specifications for
Job Orders issued under this contract. The CITY may, however, choose to
Page 136
City of Miami Beach March 2004
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