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PAGE 9 BID NO. OFFEROR: <br />-------------------------------------------------------------------------------------------- <br />23. PRICE ADJUSTMENTS (TERM CONTRACTS ONLYZ Any price changes, downward or upward, which might be permitted <br />during the contract period must be general, either by reason of market change or on the part of the contractor to other customers. <br />a. Notittcation: Must be given to Cabarrus County, in writing, concerning any proposed price adjustments. Such notification <br />shall be accompanied by copy of manufacturer's official notice or other acceptable evidence that the change is general in <br />nature. <br />b. Decreases: Cabarrus County shall receive full proportionate benefit immediately at any time during the contract period. <br />c. Increases: All prices shall be firm against any increase for 180 days from the effective date of the contract. After this period, a <br />request for increase may be submitted with Cabarrus County reserving the right to accept or reject the increase, or cancel the <br />contract. Such action by Cabarrus County shall occur not later than 15 days after the receipt by Cabarrus County of a properly <br />documented request for price increase. Any increases accepted shall become effective not later than 30 days after the expiration <br />of the original 15 days reserved to evaluate the request for increase. <br />d. Invoices: It is understood and agreed that orders will be shipped at the established contract prices in effect on dates orders are <br />placed. Invoicing at variance with this provision will subject the contract to cancellation. Applicable North Carolina sales tax <br />shall be invoiced as a separate item. <br />24. WARRANTY: The contractor warrants to the owner that all equipment furnished under this specification will be new, of good <br />material and workmanship, and agrees to replace promptly any part or parts which by reason of defective material or workmanship <br />shall fail under normal use, free of negligence or accident, for a minimum period of twelve { 12} months from date put in operation. <br />Such replacement shall include all parts, labor, and transportation cost to the location where equipment is down, free of any charge to <br />the owner or his representative. <br />EXHIBIT " A " <br />Cabarrus County Specs for Hybrid Car <br />PRICE QUOTE SHEET FY 2016 - 2017 <br />Hybrid Car <br />4 Cylinder 1.81- Engine <br />At least 45 MPG <br />4 Wheel Disc Brakes <br />AM /FM Stereo <br />60/40 Split Fold -Down Rear Bench Seat <br />Power Door Locks <br />Power Windows <br />Cloth Seats <br />Exterior Color - White <br />Please include tax /tag in pricing <br />OR EQUIVALENT <br />QUOTED PRICE $ f � ` J_`j % ct <br />QUANTITY: 3 <br />BIDS ARE SUBJECT TO REJECTION UNLESS SUBMITTED ON THIS FORM Attachment number 1 \n <br />F -7 Page 111 <br />