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Utah Code Title 63G. General Government § 63G-6a-1206.5. Change in contract price

Current as of May 05, 2022 | Updated by FindLaw Staff

(1) As used in this section, “contract price”:

(a) means the price under an existing contract between a procurement unit 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.

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Cite this article: FindLaw.com - Utah Code Title 63G. General Government § 63G-6a-1206.5. Change in contract price - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-63g-general-government/ut-code-sect-63g-6a-1206-5/

Read this complete Utah Code Title 63G. General Government § 63G-6a-1206.5. Change in contract price on Westlaw

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