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The Contractor shall also Contract with a third party firm (to be approved by the Department) to <br /> conduct an annual (on each anniversary of the contract effective date) sampling of Customer <br /> invoices (a minimum of 600 customer invoices for the 12 month period) to confirm accuracy of list <br /> prices and discount %, and that net prices of invoiced items are equal to or less than the contract <br /> terms. Specifically, the third party firm will confirm the price charged to the Customer is equal to or <br /> less than the contract terms during that time period. The third party firm shall provide an annual <br /> report to the Department indicating the Price Accuracy Rate (Price Accuracy Rate = the number of <br /> audited items each year where the net price (calculated by multiplying the list price by 1 minus the <br /> discount % for that product category) is equal to or less than the contract price (calculated by <br /> multiplying the list price, outlined in Section 3.2, by 1 minus the discount%for that product category) <br /> divided by the number of audited items). Also, at a minimum, the annual report will include copies of <br /> the invoices in the random sample that were not in compliance with the contract terms. <br /> 5.19 Volume Discounts <br /> On each anniversary of the contract effective date, the Department will evaluate the total Contractor <br /> reported sales for the previous 12 month period. The Department will then review the Contractor's <br /> proposed volume discount table submitted in their best and final offer to determine if any additional <br /> volume discounts need to be added to their contracted discount percentages for all Product <br /> Categories for the next 12 month period. This may include lowering or removing volume discount <br /> percentagess based on the Contractor's reported sales for the previous 12 month period and the <br /> Contractor's proposed volume discount schedule. Updated prices reflecting volume discount <br /> changes shall be effective 21 dates after each anniversary of the contract effective date. <br /> THIS SPACE IS INTENTIONALLY LEFT BLANK <br /> 618-001-10-1 Office and Educational Consumables ITN Page 46 of 77 <br />