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Page 11 of 23 <br /> <br />2.14 PRICING ADJUSTMENTS <br />Prices must remain firm for the duration of the initial six (6) month Contract period. Reasonable price <br />changes based on market conditions and price, or cost analysis, may be requested annually after the <br />initial six (6) month Contract period. The Supplier shall supply documentation satisfactory to the City of <br />Everett, such as documented changes to the Producers Price Index for the commodity, the Consumer <br />Price Index for the Seattle-Tacoma-Bremerton area, or a manufacturer’s published price change(s) <br />modification. <br />The City of Everett will evaluate this information to determine if revising the price is fair and reasonable to <br />the city's satisfaction. Requests for any such change must be made in writing to the Procurement Division. <br />The city will issue a written contract amendment that will institute the price adjustment, provide the new <br />prices, and establish the effective date for the new prices. <br />The Supplier shall give the City of Everett Procurement Division thirty (30) calendar days' written notice <br />before the effective date of the price increase. If the price increase request is not approved, the City may <br />cancel it by individual line item or contract. <br />All price reductions at the manufacturer's or distributor’s level shall be reflected retroactively in reducing <br />the contract price(s) to the City of Everett to the effective date of the price reductions. <br />2.15 PAYMENT <br />Within thirty (30) days after delivery, acceptance of the items ordered, and a properly prepared invoice, <br />but not more often than once per month, the City of Everett will pay the supplier according to the rate(s) <br />stated on the price sheet. <br />No down payment or advance payment of any kind will be made. Washington State law requires proof <br />that the materials have been furnished, the services rendered, or the labor performed as described before <br />payment may be made. All invoices must list the PO number and are to be submitted to the following <br />address: <br />City of Everett – Accounts Payable <br />PO Box 12130 <br />Everett, WA 98206 <br />accountspayable@everettwa.gov <br /> <br />