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<br />Page 17 of 47 <br />available at those rates. It is the Contractor's sole responsibility to determine the wage rates actually <br />paid. <br />Per RCW 35.22.620(11)(e), prevailing wage rates must be updated annually on each contract renewal or <br />“anniversary date” of the final execution of this Contract. Contractor’s Regular Hourly Rate and Premium <br />Hourly Rate shall be adjusted annually to account for the change in applicable prevailing wage rates. In <br />order to calculate the change in the labor rates, the Contractor shall provide to the City with a breakdown <br />of the Regular Hourly Rate and Premium Hourly Rate, showing the base rate, fringe benefits, overhead, <br />and profit. <br />2.23 PREVAILING WAGE INTENTS AND AFFIDAVITS <br />Each corrective action made to the HVAC systems during the contract period will require “Statement of <br />Intent to Pay Prevailing Wages” and ”Affidavit of Wages Paid” that has been approved by the State of <br />Washington Department of Labor and Industries (L&I) to be submitted. Contractors are responsible for <br />filing all forms with L&I and are responsible for paying all filing fees. These forms are required regardless <br />of the dollar amount. Statements of Intent to Pay Prevailing Wages and Affidavits of Wages Paid are to be <br />filed electronically with L&I. Information can be found at: https://lni.wa.gov/licensing-permits/public- <br />works-projects/contractors-employers/contractor-portal. The Contractor and any subcontractor must <br />pay at least the prevailing wage rates that were in effect at time of the corrective action throughout the <br />duration of the contract. <br />The contractor may submit a single Intent to Pay Prevailing Wages for the contract period and an Affidavit <br />of Wages to the Department of Labor & Industries for each contract year. The Intent form must be filed <br />immediately after the contract is awarded and before work begins. The Affidavit form is not filed until <br />after the work has been physically completed and accepted by the City. The City will not release payment <br />until all Contractors have submitted an Affidavit of Wages Paid that has been approved by L&I for each <br />time maintenance or repair services are provided. <br />Each contract renewal period will require the filing of a new Intent to Pay Prevailing Wage. At this time, <br />the Contractor and any subcontractors must review the current prevailing wage rates. If the Contractor <br />needs to increase wages paid, it must follow the procedure in Section 2.24 Pricing Adjustments. <br />2.24 PRICING ADJUSTMENTS <br />Prices shall remain firm for the duration of the initial Contract period. After which, the Contractor may <br />request a price adjustment once each renewal year for compensation in changes to Prevailing Wage <br />Rates. <br />A. The Contractor must notify the Procurement Professional, at any time during the optional <br />contract renewal periods, if the rate of pay for labor, including fringe benefits, causes the unit <br />prices for services shown on Form 3.03 Price Sheet to either increase or decrease. The Contractor <br />shall make their request within 60 (sixty) days after the effective date of the Prevailing Wage Rate <br />change and supply documentation satisfactory to the City of Everett, such as notice from L&I of <br />upcoming prevailing wage rate increases. <br />B. Promptly after the Procurement Professional receives the request, the Procurement Professional <br />and the Contractor may discuss the price adjustment request and its effective date. When and if <br />agreement is reached, the Procurement Professional will amend the contract to include the price <br />adjustment and its effective date. <br />C. Any price adjustment under this section is subject to the following limitations: