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Effective 5/5/2021
63G-6a-1206.5. Change in contract price.

  • (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.

Amended by Chapter 406, 2021 General Session