content_image/482135.jpg content_image/482136.jpg
## Article II-7 

## Price Revision 

1. This Article is applicable whenever revision of the price is allowed under the Special Conditions and where the procedure therefor is not otherwise specified therein. For the purpose of this Article “price(s)” shall be taken to mean a “price”, “fee”, “rate”, “charge” as applicable in accordance with the subject matter of the Framework Contract and expressly listed in the Contractor’s Tender at Annex II. 

2. The prices may be revised once a year either upwards or downwards, following the Framework Contract’s  first anniversary and at the request of one of the parties. A party may request a price revision in writing no later than 3 (three) months in advance of the Contract Date  anniversary. The other party must acknowledge such written request within 14 (fourteen) days of receipt. 

3. Prior to the Contract Date anniversary, if a request is received from the Contractor, Europol will calculate the revised price in accordance with the final index for the month in which the written request was received, or failing that, the last provisional index available for that month and the applicable formula specified at sub-paragraph (6) below. 

4. Any revised pricing shall be recorded in a written addendum and enter into force on the Contract Date of the written addendum or the anniversary of the Contract Date  of the Framework Contract, whichever is the later. 

5. The revision of the price(s) shall be determined by the trend in the harmonised indices of consumer prices (HICP) MUICP (for the Euro area) (monetary union index of consumer prices) published in the Eurostat’s monthly publication available at http://ec.europa.eu/eurostat/data/database (navigate to Database - Data navigation tree – Economy and Finance – Prices – HICP). 

6. The price revision is calculated using the following formula: 

For supply of goods: 

<img src='content_image/482135.jpg'>

where: 

Pr= reviewed total price; 

Po= price in the original Contractor’s  Tender; 

Io= index for the month of the Contract Date  of the Framework Contract ; 

Ir= index for the month in which the letter requesting a price review was received by Europol. 

For services: 

<img src='content_image/482136.jpg'>

where: 

