AgdaPkt 2003-02-24 - Laserfiche WebLink

Browse Search

�- i e -� 1 Initial Contract Period (2 Years) 2 First Extension Period (one year) DEWEY PEST CONTROL AGREEMENT Calculation of Extension Period Compensation as provided for in Original Agreement First Extension Period Contract Period San Francisco - Oakiand -San Jose Beginning End CPI -U (Ail Urban Consumers) Index Ending 12/2002 Ending 12/2002 Mar -01 Feb-03 180.2 Mar -03 Feb-04 Initial Period (Annual Compensation) Annual compensation Period January 2002 through December 2002 (Based on Invoices) $53,051.85 FORMULA PER CONTRACT TERMS: A. Annual Index: Period 1 / 1 /2000 to 12/31 /2000 180.2 B. Extension Period Index: 1/112002 thru 12/31/2002 193.0 Resulting Factor [Extens. Period Index #5 divided by (+) Begin Index ( #4) Equals -] 1.07 Amount Paid Year 2002 Based on invoices $53,051.85 Result (Compensation Increase) based on formula (multiplied 2002 Amount by Formula Factor) $56 ,765.48 Added Contingency (10%) $5,677 Compensation for Extension Period ( #2 above) is March 1, 2003 through February 29, 2004 $62,442.03 1141 193.0 value of work, 2002 walatlm rate value of work, 2002 Compensation of TO 1 Period at in formula 170 #1 not to exceed amount CONTRACT LANGUAGE DEFINING COMPENSATION CALCULATION METHOD The compensation for each Extension Period shall be subject to annual adjustment commencing with the first Extension Period, as set forth below. (a) The San Francisco - Oakland -San Jose Consumer Price Index All Items 1982 -84 =100 for All Urban Consumers (CPI U) published by the U.S. Department of Labor, Bureau of tabor Statistics (the "Index ") shall be used for the purpose of calculating annual compensation increases. (b) The "Beginning Index" shall be the index published immediately prior to the commencement of the expiring Period and, as to the First Extension Period, the expiration of the Initial Period. The "Extension Index" shall be the index published immediately prior to the commencement of each subsequent Extension Period. To calculate the annual compensation for each period, the Extension Index shall be divided by the Beginning Index, and the resulting factor shall be multiplied by the annual compensation of the expiring period, and, as to the First Extension Period, the expiration of the Initial Period. Footnotes: a) Annual compensation is based on invoices and covers all work completed from January 1, 2002 through December 31, 2002 b) The CPI -U Indexes were obtained from the U.S. Department of Labor, Bureau of Labor Statistics website at http: / /www.bis.gov /cpi/ using the MSA designation (San Francisco) and formatting per instructions at the site as follows: CPI -U (Unadjusted for seasonality) for years 2000, 2001, 2002 URL identification is htto: // data. bis. aov /serviet /SurveyOutputServiet ?data tool- droomao &series id =CUURA422SA0 l USA422SA0 prepared by M Harang 01/29/2003 cmtna. March 1, 20113 ON February 29, 2004