Utah Admin. Code R354-8-108 - Change in Contract Price
(1) As used in
this section, "Contract Price":
(a) means the
price under an existing Contract between the CRAU and a Contractor;
and
(b) does not include a proposed
price or cost contained in a Solicitation Response or any other bid, proposal,
or offer submitted by a person other than the Contractor under the existing
Contract.
(2) A
Contractor may:
(a) increase the Contract
Price only in accordance with the terms of the Contract; and
(b) subject to Subsection (3), lower the
Contract Price at any time during the time a Contract is in effect.
(3) A Contractor under a Multiple
Award Contract resulting from a Bidding Process may not lower the Contract
Price unless the Contractor's Solicitation Response that led to the Contract
award was the lowest price Solicitation Response.
Notes
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