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<br />City of Sunny Isles Beach |RFP Disaster Debris Management and Disposal Services 18-04-02 11 <br /> <br />stipulated in the Notice of Award letter; and contingent upon the completion and submittal of all <br />required proposal documents. The successful contractor shall be awarded a contract for three (3) <br />years with the option to renew the contract for one (1) additional two (2) year period, for a total <br />of five (5) years. <br /> <br />In the event services are scheduled to end due to the expiration of this contract, the DMC shall <br />continue the service upon the request of the City. The extension period shall not extend for more <br />than ninety (90) days beyond the expiration date of the existing contract. The successful Contractor <br />shall be compensated for the service at the rate(s) in effect when the City invokes this extension <br />clause. <br /> <br />2.3 PRICE <br /> <br />Prices proposed shall be valid for at least 120 days from time of RFP opening unless otherwise <br />extended and agreed upon by the City and Contractor. Prices quoted shall be firm for the initial <br />contract term of three 3 years. Upon contract renewal, the City may consider an adjustment to <br />price based on changes in the following pricing index: Consumer Price Index for Urban Wage <br />Earners and Clerical Workers (CPI-W): Miami-Fort Lauderdale, FL. It is the Bidder’s responsibility <br />to request any pricing adjustment under this provision, which shall not exceed 3%. For any <br />adjustment to commence on the first day of any exercised option period, the Bidder’s request for <br />adjustment shall be submitted no later than ninety (90) days prior to expiration of the then current <br />contract term. In no event will the price be increased or decreased by a percentage greater than <br />the percentage change reflected in the C.P.I. as published by the U.S. Department of Labor. If no <br />adjustment request is received from the Bidder, the City will assume that the Bidder has agreed <br />the optional term may be exercised without pricing adjustment. Any adjustment request received <br />after the commencement of a new option period may not be considered. <br /> <br />The City reserves the right to negotiate lower pricing for the additional term(s) based on market <br />research information or other factors that influence price. The City reserves the right to a pply any <br />reduction in pricing for the additional term(s) based on the downward movement of the applicable <br />index. The City reserves the right to reject any price adjustments submitted by the Bidder and/or <br />to not exercise any otherwise available option period based on the proposed price adjustments. <br />Any continuation of the contract beyond the initial period, and any option subsequently exercised <br />shall be at the sole discretion of the City, and not a right of the Bidder. Renewals shall be exercised <br />only when such continuation is clearly in the best interest of the City. <br /> <br />2.4 INVOICING/PAYMENT <br /> <br /> Payment will be made only after receipt and acceptance of materials/services. Invoice format <br /> and documentation should be acceptable for FEMA reimbursement. The City will not pay <br /> and/or reimburse any additional costs including, but not limited to, travel, mileage, lodging, <br /> meals, and other travel and subsistence expenses. Price proposal shall be inclusive of all such <br /> expenses. Prices proposed shall be valid for at least 120 days from time of RFP opening unless <br /> otherwise extended and agreed upon by the City and Contractor.