2023/02/15 Council Agenda Packet

The City of Everett will evaluate this information to determine if revising the price is considered fair and reasonable to the satisfaction of the City. Requests for any such change are to be made in writing to the Procurement Division. A written contract amendment will be issued by the City, which will institute the price adjustment, provide the new prices and establish the effective date for the new prices. The Supplier must give the City of Everett Procurement Division thirty (30) calendar days' written notice prior to the effective date of the price increase. The City may cancel by individual line item or contract if the price increase request is not approved. All price reductions at the manufacturer's or distributor's level must be reflected in a reduction of the contract price(s) to the City of Everett retroactively to the effective date of the price reductions. 2.20 PAYMENT Within thirty (30) days after delivery, acceptance of items ordered, and a properly prepared invoice but not more often than once per month the City of Everett will pay the Supplier according to the rate(s) stated on the price sheet. No down payment or advance payment of any kind will be made. Washington State law requires proof that the materials have been furnished, the services rendered or the labor performed as described before payment may be made. All invoices must list the PO number and are to be submitted to the following address: City of Everett —Accounts Payable CCe NI Everett Box 12130 verettwa.gov 6 °4C) Page 17 of 42