§ 2-1293. Price adjustments.

Adjustments in price in contracts shall be computed in one or more of the following ways:

(1)

By agreement on a fixed price adjustment before commencement of the pertinent performance or as soon thereafter as practicable;

(2)

By unit prices specified in the contract or subsequently agreed upon;

(3)

By the costs attributable to the events or situations under such clauses with adjustment of profit or fee, all as specified in the contract or subsequently agreed upon; and

(4)

In such other manner as the contracting parties may mutually agree upon.

(Ord. No. 2009-78(09-O-1876), § 7, 12-15-09)