Calculating Composite Index Value Sample Clauses

Calculating Composite Index Value. As set forth below in Table 1, the composite index value is calculated by Contract category and is the summation of the relative weight of three component indices: (i) output costs of raw materials; (ii) transportation costs; and (iii) labor costs. Transportation 40% Labor 25% *Combined average The specific component indices to be utilized shall be a combination of the following indices as identified by the BLS :