Current through Register Vol. XLI, No. 40, October 4, 2024
Section 186-1-6 - Fair Market Price Modifications6.1. The following procedure is used when either a spending unit requests a change in the scope of work/specifications or costing.6.1.a. The qualified vendor or the spending unit shall submit to the CNA a request for a price change showing a breakdown of the change in the costs using forms provided by the Committee and other appropriate documentation as requested by the CNA or Committee; or6.1.b. The qualified vendor or the spending unit shall submit to the CNA a request to change the scope of work for a current contract and the reason(s) for the change using forms approved by the Committee and appropriate documentation as requested by the CNA or Committee.6.1.c. The CNA shall review and verify the breakdown of the changes in the qualified vendors costs.6.1.d. Prior to submission of the fair market price change request to the Committee, the CNA shall submits a copy of the suggested fair market price to the spending unit. The spending unit is to notify the CNA of any objection in writing within ten (10) working days of receipt of the proposed price, otherwise concurrence with the proposed price shall be assumed.6.1.e. The CNA shall submit the fair market price change request with supporting data to the Committee. The request is to be accompanied by the following: 6.1.e.1. A breakdown of changes in the qualified vendors cost using the committee approved form(s).6.1.e.2. The objections and/or comments of the spending unit concerning the proposed fair market price change.6.1.f. The Committee shall review the information submitted and establish the modified fair market price.6.1.g. The Committee shall transmit the notice of the approved modified fair market price to the CNA. The CNA shall notify the spending unit and the qualified vendor of the Committee's action.