552.216-70	ECONOMIC PRICE ADJUSTMENT—FSS MULTIPLE AWARD SCHEDULE CONTRACTS  (SEP 1999)  (ALTERNATE I—SEP 1999)  (DEVIATION I -- APR 2007) 
Price adjustments include price increases and price decreases.  Adjustments will be considered as follows:
(a)	Contractors shall submit price decreases anytime during the contract period in which they occur.  Price decreases will be handled in accordance with the provisions of the Price Reduction Clause.
(b)	Contractors may request price increases providing all of the following conditions are met:
	(1)	Increases resulting from a reissue or other modification of the Contractor's commercial catalog/pricelist that was used as the basis for the contract award.
	(2)	Increases are requested before the last 60 days of the contract period.
	(3)	At least 30 days elapse between requested increases.
 (c)	The following material shall be submitted with the request for a price increase:
	(1)	A copy of the commercial catalog/pricelist showing the price increase and the effective date for commercial customers.
	(2)	Commercial Sales Practice format regarding the Contractor's commercial pricing practice relating to the reissued or modified catalog/pricelist, or a certification that no change has occurred in the data since completion of the initial negotiation or a subsequent submission.
	(3)	Documentation supporting the reasonableness of the price increase.
(d)	The Government reserves the right to exercise one of the following options:
	(1)	Accept the Contractor's price increases as requested when all conditions of (b), (c), and (d) of this clause are satisfied;
	(2)	Negotiate more favorable discounts from the new commercial prices when the total increase requested is not supported; or,
	(3)	Remove the product(s) from contract involved pursuant to the Cancellation Clause of this contract, when the increase requested is not supported.
(e)	The contract modification reflecting the price adjustment shall be made effective upon signature of the Contracting Officer, provided that in no event shall such price adjustment be effective prior to the effective date of the commercial price increases.  The increased contract prices shall apply to delivery orders issued to the Contractor on or after the effective date of the contract modification.

552.216-70	ECONOMIC PRICE ADJUSTMENT—FSS MULTIPLE AWARD SCHEDULE CONTRACTS  (SEP 1999)
Price adjustments include price increases and price decreases.  Adjustments will be considered as follows:
(a)	Contractors shall submit price decreases anytime during the contract period in which they occur.  Price decreases will be handled in accordance with the provisions of the Price Reduction Clause.
(b)	Contractors may request price increases under the following conditions:
	(1)	Increases resulting from a reissue or other modification of the Contractor's commercial catalog/pricelist that was used as the basis for the contract award.
	(2)	Only three increases will be considered during the contract period.
	(3)	Increases are requested after the first 30 days of the contract period and prior to the last 60 days of the contract period. 
	(4)	At least 30 days elapse between requested increases. 
(c)	The aggregate of the increases in any contract unit price under this clause shall not exceed *______* percent of the original contract unit price.  The Government reserves the right to raise this ceiling where changes in market conditions during the contract period support an increase.
(d)	The following material shall be submitted with the request for a price increase:
	(1)	A copy of the commercial catalog/pricelist showing the price increase and the effective date for commercial customers.
	(2)	Commercial Sales Practice format regarding the Contractor's commercial pricing practice relating to the reissued or modified catalog/pricelist, or a certification that no change has occurred in the data since completion of the initial negotiation or a subsequent submission.
	(3)	Documentation supporting the reasonableness of the price increase.
(e)	The Government reserves the right to exercise one of the following options:
	(1)	Accept the Contractor's price increases as requested when all conditions of (b), (c), and (d) of this clause are satisfied;
	(2)	Negotiate more favorable discounts from the new commercial prices when the total increase requested is not supported; or,
	(3)	Remove the product(s) from contract involved pursuant to the Cancellation Clause of this contract, when the increase requested is not supported.
(f)	The contract modification reflecting the price adjustment shall be signed by the Government and made effective upon receipt of notification from the Contractor that the new catalog/pricelist has been mailed to the addressees previously furnished by the Contracting Officer, provided that in no event shall such price adjustment be effective prior to the effective date of the commercial price increases.  The increased contract prices shall apply to delivery orders issued to the Contractor on or after the effective date of the contract modification. 

552.216-70	ECONOMIC PRICE ADJUSTMENT—FSS MULTIPLE AWARD SCHEDULE CONTRACTS  (SEP 1999)  (ALTERNATE I—SEP 1999)
Price adjustments include price increases and price decreases.  Adjustments will be considered as follows:
(a)	Contractors shall submit price decreases anytime during the contract period in which they occur.  Price decreases will be handled in accordance with the provisions of the Price Reduction Clause.
(b)	Contractors may request price increases to be effective on or after the first 12 months of the contract period providing all of the following conditions are met:
	(1)	Increases resulting from a reissue or other modification of the Contractor's commercial catalog/pricelist that was used as the basis for the contract award.
	(2)	No more than three increases will be considered during each succeeding 12-month period of the contract.(For succeeding contract periods of less than 12 months, up to three increases will be considered subject to the other conditions of this subparagraph (b)).
	(3)	Increases are requested before the last 60 days of the contract period.
	(4)	At least 30 days elapse between requested increases.
(c)	In any contract period during which price increases will be considered, the aggregate of the increases during any 12-month period shall not exceed *______* percent of the contract unit price in effect at the end of the preceding 12-month period.  The Government reserves the right to raise the ceiling when market conditions during the contract period support such a change.
(d)	The following material shall be submitted with the request for a price increase:
	(1)	A copy of the commercial catalog/pricelist showing the price increase and the effective date for commercial customers.
	(2)	Commercial Sales Practice format regarding the Contractor's commercial pricing practice relating to the reissued or modified catalog/pricelist, or a certification that no change has occurred in the data since completion of the initial negotiation or a subsequent submission.
	(3)	Documentation supporting the reasonableness of the price increase.
(e)	The Government reserves the right to exercise one of the following options:
	(1)	Accept the Contractor's price increases as requested when all conditions of (b), (c), and (d) of this clause are satisfied;
	(2)	Negotiate more favorable discounts from the new commercial prices when the total increase requested is not supported; or,
	(3)	Remove the product(s) from contract involved pursuant to the Cancellation Clause of this contract, when the increase requested is not supported.
(f)	The contract modification reflecting the price adjustment shall be signed by the Government and made effective upon receipt of notification from the Contractor that the new catalog/pricelist has been mailed to the addressees previously furnished by the Contracting Officer, provided that in no event shall such price adjustment be effective prior to the effective date of the commercial price increases.  The increased contract prices shall apply to delivery orders issued to the Contractor on or after the effective date of the contract modification.

I-FSS-969	ECONOMIC PRICE ADJUSTMENT—FSS MULTIPLE AWARD SCHEDULE (JAN 2002)  
Price adjustments include price increases and price decreases.  Adjustments will be considered as follows:
(a)	Contractors shall submit price decreases anytime during the contract period in which they occur.  Price decreases will be handled in accordance with the provisions of the Price Reduction Clause.
(b)	There are two types of economic price adjustments (EPAs) possible under the Multiple Award Schedules (MAS) program for contracts not based on commercial catalogs or price lists as described below.  Price adjustments may be effective on or after the first 12 months of the contract period on the following basis:
	(1)	Adjustments based on escalation rates negotiated prior to contract award.  Normally, when escalation rates are negotiated, they result in a fixed price for the term of the contract.  No separate contract modification will be provided when increases are based on negotiated escalation rates.  Price increases will be effective on the 12-month anniversary date of the contract effective date, subject to paragraph (f), below.
	(2) 	Adjustments based on an agreed-upon market indicator prior to award.  The market indicator, as used in this clause, means the originally released public index, public survey or other public, based market indicator.  The market indicator shall be the originally released index, survey or market indicator, not seasonally adjusted, published by the [to be negotiated], and made available at [to be identified].  Any price adjustment shall be based on the percentage change in the designated (i.e. indicator identification and date) market indicator from the initial award to the latest available as of the anniversary date of the contract effective date, subject to paragraph (e), below.  If the market indicator is discontinued or deemed no longer available or reliable by the Government, the Government and the Contractor will mutually agree to a substitute.  The contract modification reflecting the price adjustment will be effective upon approval by the Contracting Officer, subject to paragraph (g), below.  The adjusted prices shall apply to orders issued to the Contractor on or after the effective date of the contract modification.
(c)	Nothwithstanding the two economic price adjustments discussed above, the Government recognizes the potential impact of unforeseeable major changes in market conditions.  For those cases where such changes do occur, the contracting officer will review requests to make adjustments, subject to the Government’s examination of industry-wide market conditions and the conditions in paragraph (d) and (e), below.  If adjustments are accepted, the contract will be modified accordingly.  The determination of whether or not extra-ordinary circumstances exist rests with the contracting officer. The determination of an appropriate mechanism of adjustment will be subject to negotiations.
(d)	Conditions of Price change requests under paragraphs b(2) and c above.:
	(1)	No more than three increases will be considered during each succeeding 12-month period of the contract.  (For succeeding contract periods of less than 12 months, up to three increases will be considered subject to the other conditions of subparagraph (b)).
	(2)	Increases are requested before the last 60 days of the contract period, including options.
	(3)	At least 30 days elapse between requested increases.
	(4)	In any contract period during which price increases will be considered, the aggregate of the increases during any 12-month period shall not exceed *______* percent (*______*%) of the contract unit price in effect at the end of the preceding 12-month period.  The Government reserves the right to raise the ceiling when market conditions during the contract period support such a change.
 (e)	The following material shall be submitted with request for a price increase under paragraphs b(2) and c above:
	(1)	A copy of the index, survey or pricing indicator showing the price increase and the effective date.
	(2)	Commercial Sales Practice format, per contract clause 52.215-21 Alternate IV, demonstrating the relationship of the Contractor's commercial pricing practice to the adjusted pricing proposed or a certification that no change has occurred in the data since completion of the initial negotiation or a subsequent submission.
	(3)	Any other documentation requested by the Contracting Officer to support the reasonableness of the price increase.
(f)	The Government reserves the right to exercise one of the following options:
	(1)	Accept the Contractor's price increases as requested when all conditions of (b), (c), (d), and (e) of this clause are satisfied;
	(2)	Negotiate more favorable prices when the total increase requested is not supported; or,
	(3)	Decline the price increase when the request is not supported.  The Contractor may remove the item(s) from contract involved pursuant to the Cancellation Clause of this contract.
(g)	Effective Date of Increases:  No price increase shall be effective until the Government receives the electronic file updates pursuant to GSAR 552.243-72, Modifications (Multiple Award Schedule).
 (h)	All MAS contracts remain subject to contract clauses GSAR 552.238‑75, “Price Reductions”; and 552.215-72, “Price Adjustment -- Failure to Provide Accurate Information.”  In the event the application of an economic price adjustment results in a price less favorable to the Government than the price relationship established during negotiation between the MAS price and the price to the designated customer, the Government will maintain the price relationship to the designated customer.