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<br />Special Conditions <br />Technical Specifications <br /> <br />B. There are no Contract Documents other than those listed above in this Part <br />VI. The existing conditions and other information supplied under Part 6.26 of <br />Document General Conditions is not part of the Contract Documents. The <br />Contract Documents may only be amended, modified or supplemented as <br />provided in Document General Conditions. <br /> <br />VII. CONTRACT PERIOD <br />A. This contract will cover three (3) consecutive fiscal years. The <br />compensation for unit prices shall be based on the following formula <br />allowing for asphalt price adjustment as set forth below. <br /> <br />B. The San Francisco-Oakland-San Jose Consumer Price Index. All Items, 1982- <br />84=100 for All Urban Consumers (CPI-U) published by the U.S. Department of <br />Labor, Bureau of Labor Statistics (the "Index") shall be used for the purpose of <br />calculating annual compensation increases. The maximum percentage increase <br />for any subsequent year shall be 4% increase over the individual bid item rate for <br />the initial or preceding contract year. <br /> <br />C. The "Beginning Index" shall be the index published for the initial year prior to the <br />commencement of the subsequent "Extension" year. The "Extension Index" shall <br />be the index for May published by April 30th of the current year, prior to the <br />commencement of each subsequent Extension Year. To calculate the annual <br />compensation for each subsequent year, the Extension Index shall be divided by <br />the Beginning Index, and the resulting factor, not to exceed 4%, shall be multiplied <br />by the annual compensation of the expiring period. <br /> <br />D. City shall notify Contractor of each CPI increase by mailing a written statement <br />setting forth the calculation of the compensation. If the format or components of <br />the Index change materially, or if the Index is discontinued, then City shall <br />substitute an index published by the U.S. Department of Labor, Bureau of Labor <br />Statistics or similar agency which is most nearly equivalent to the Index in effect <br />on the commencement date of the Second Extension. <br /> <br />E. City shall notify Contractor of the substituted index and shall use the substituted <br />index in the calculation of the City's compensation unless Contractor objects in <br />writing within fifteen (15) days after its receipt of City's notice. If Contractor <br />objects, then the substitute index shall be determined in accordance with the rules <br />and regulations of the American Arbitration Association. The cost of such <br />arbitration shall be borne as determined by the American Arbitration association. <br /> <br />F. Until the compensation for the next Extension Period is agreed upon or set by <br />arbitration, the compensation payable during the preceding Extension Period shall <br />remain in effect. Once compensation for the next Extension Period is agreed <br />upon or set by arbitration, City shall pay Contractor the difference between the <br />amount of compensation paid at the preceding Period and the amount of <br />compensation due for the subsequent Extension Period. In no case shall the <br />compensation during the Extension Period be less than the compensation in <br />effect immediately prior to the commencement of the Extension Period. <br /> <br />VIII. MISCELLANEOUS <br /> <br />AGREEMENT <br /> <br />Page 3 of 5 <br />