Annual Price Review. As part of the ongoing, ordinary course of business between the parties, the Price shall be reviewed annually and adjusted as agreed to by the parties in writing. The effective date and duration of such adjusted Price shall be as set forth in such writing.
Annual Price Review. The Parties will conduct annual meetings during the term of this Agreement during which they will discuss whether the parties should amend the pricing, guaranteed subscriber numbers or other terms and conditions set forth in this Agreement.
Annual Price Review. The parties agree to review and, if appropriate, to adjust pricing in twelve-month intervals during the term of this Agreement. The prices shall be quoted and paid in United States Dollars.
Annual Price Review. 16.3.1 The price of the Work shall be reviewed by periods of six months as of the effective date of this Agreement. CLIENT and CONTRACTOR hereby agree of not making the first review (that should take place 6 months as of the effective date of this Agreement). Thus, the first review shall be 12 months as of the said effective date, and every six months the subsequent reviews there from.
16.3.2 The review shall be performed according to the price review formula proposed in up-dated offer dated August 14, 2008. The formula to be applied is as follows: Kt = 0,15 (Ht/H0 )(T0/Tt)+ 0,15 Ext / Ex0 + 0,00 Xxx / Xx0 + 0,15 Gt/G0 + 0,32 St/S0 + 0,10 Its indexes and explanations are described in “Exhibit M”.
Annual Price Review. 18.1 The Provider may increase or decrease the Price and Additional Service Fees annually, and submit any proposed changes to the Pricing Schedules of current and prospective IPAs for the Purchaser’s consideration by 31st January each year. The Purchaser shall reasonably and promptly consider such proposals.
18.2 Any agreed changes to the Price shall take effect from 1 April of the relevant year, subject to agreement of both Parties.
18.3 Subject to proposals under 18.1 and any contrary agreement (including accepted tender terms governing price in more than one financial year):
18.3.1 There may be an annual price increase or decrease. Annual price changes shall be in line with the Retail Price Index (or such other inflation index as may be agreed between the Parties). The price change shall be based on the index published the preceding November. Any price changes may be considered up to the indexation figure. Any agreed changes shall take effect from 1st April in each year.
18.3.2 Having regard to the actual cost incurred by the Provider and the resources available to the Purchaser, if either Party finds the increase or decrease under sub clause 18.3.1 too large or small then the Parties shall meet and discuss this in good faith.
18.3.3 If the Provider proposes to increase the Price and/or Additional Service Fee, then such increases must be demonstrated by the Provider as being justified and the Purchaser shall be entitled to request the Provider to provide any documents or other information to support the Price increase before agreeing to the proposed increase.
18.3.4 If the Provider requests a Price change resulting from unforeseen changes in government legislation or regulatory requirements the Provider must produce financial records sufficiently detailed to prove the level of impact upon it.
Annual Price Review. 16.1 With respect to new placements; each year, ideally before 31 January and no later than 31 March (unless they are a newly registered provider which starts to operate during the financial year), the provider will complete a revised Part B of Schedule 2 (The Core Cost Specification and model IPA Pricing Schedule). This will detail the fees that will apply from 1 April to 31 March of the following year for any new placements made during the period. This shall be submitted to the Contracting Authority for consideration.
16.2 With respect to current placements, an annual price review will take place to consider the impact of inflation and any other changing costs. The formula for calculating the uplift percentage is: 50% National Living Wage increase (for the concurrent April when the increase will come into effect) + 50% CPIH taken as a three-month average in August, September and October. An example of how the uplift may be calculated:
16.3 Whilst the Provider has the right to increase their prices for current placements in accordance with the formula in 16.2, the Provider will endeavour to deliver value for money and may use their discretion to apply a fee uplift below the formulated level.
16.4 Both parties may agree to an alternative mechanism for reviewing the prices for current placements. Any alternative mechanism agreed will only be binding if detailed on a Schedule 5 - Variation Agreement and signed by both parties.
16.5 In any circumstances where the Provider and Contracting Authority agree, by jointly signing a Variation Agreement, that the annual price review is to be a negotiated process;
16.5.1 The Contracting Authority shall ensure that any template the Provider is expected to complete is fit for purpose and designed specifically for fostering services. Where possible, the Contracting Authority will ensure this is a common format used also by other placing authorities.
16.5.2 The Contracting Authority will ensure that the Provider is given no less than 4 weeks to complete any required exercise. The deadline for submitting requests will be no later than 31 January.
16.5.3 The Provider will, upon request, complete the template and /or provide any documents or information that supports their request for a price increase.
16.5.4 The Contracting Authority will ensure that any officers analysing the financial data submitted by the Provider have the appropriate experience, skills and understanding.
16.5.5 The Provider will be provided with details ...
Annual Price Review. We will review Our Charges each year and may adjust them on [1 April each year]. The new Charges will then apply until the next review.
Annual Price Review. 18.1 The Provider may propose an increase or decrease the Price and Additional Service Fees annually, and submit any proposed changes to the IPA or the Agreements generally for the Commissioner’s consideration by 31st January each year. The Commissioner shall reasonably and promptly consider such proposals.
18.2 Any agreed changes to the Price shall take effect from 1 April of the relevant year, subject to agreement of both Parties.
18.3 If either Party finds the increase or decrease under clause 18.1 too large or small then the Parties shall meet and discuss this in good faith.
18.4 If the Provider proposes to increase the Price then such increases must be demonstrated by the Provider as being justified and the Commissioner shall be entitled to request the Provider to provide any documents or other information to support the increase before agreeing to the proposed increase.
18.5 If the Provider requests a Price change resulting from unforeseen changes in government legislation or regulatory requirements the Provider must produce financial records sufficiently detailed to prove the level of impact upon it.
Annual Price Review. 16.3.1 The price of the Work shall be reviewed by periods of six months as of the effective date of this Agreement. CLIENT and CONTRACTOR hereby agree of not making the first review (that should take place 6 months as of the effective date of this Agreement). Thus, the first review shall be 12 months as of the said effective date, and every six months the subsequent reviews there from.
16.3.2 The review shall be performed according to the price review formula proposed in updated offer dated August 14, 2008. The formula to be applied is as follows: Kt= 0,15 (Ht/H0)(T0/Tt) + 0,15 Ext/ Ex0 + 0,13 Pft/ Pf0 + 0,15 Gt/G0 + 0,32 St/S0 + 0,10 Its indexes and explanations are described in “ExhibitM”.
16.3.3 Review of Price under the Agreement shall be based on a careful review of indexes behaviour that compose the escalating formula, additionally taking into consideration all benefits duly achieved as a result of on-going implementation of the best practices and technological advantages.
16.3.4 CLIENT shall have the right to monitor and review on a weekly basis the prices of drilling items (piping and drilling accessories) acquired by CONTRACTOR from its suppliers, the monthly useful life obtained from operating said drilling items, as well as their statistical control on a weekly basis. These parameters shall be reviewed jointly with the CONTRACTOR, implementing required measures to obtain their best productivity in the various materials of the mine.
16.3.5 CLIENT shall have the right to monitor and review on a monthly basis prices of wearing-out items (teeth, blades, steel linings, etc.) acquired by CONTRACTOR for loading, hauling and auxiliary equipment, as well as their statistical control on a monthly basis.
Annual Price Review. Commencing on the Effective Date and during the Initial Term, Xxxxxx agrees not to apply any price review of the Fees. Notwithstanding the above, the Fees of the Services will be increased, thereafter, once a year upon the anniversary of the Effective Date, based on the below formula: “P = P* (S/S*)” If S is less than S*, the S/S* ratio will be considered equal to 1.
