R354-8-108. Change in Contract Price

(1) As used in this section, "Contract Price": (a) means the price under an existing Contract between the CRAU 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.