Section 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.Utah Code § 63G-6a-1206.5
Amended by Chapter 406, 2021 General Session ,§ 3, eff. 5/5/2021.Amended by Chapter 355, 2016 General Session ,§ 46, eff. 3/28/2016.Added by Chapter 218, 2015 General Session ,§ 14, eff. 5/12/2015.