Cost Adjustments per Increase in CPI Sample Clauses

Cost Adjustments per Increase in CPI. Prices for the first annual period of the contract will be firm and unchanging. Prices for the remainder of the contract will be subject to the U.S. Department of Labor Consumer Price Index (CPI) for the month of March in each succeeding year of the contract. Prices will be rounded to the nearest dollar.
Sample 1
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Cost Adjustments per Increase in CPI. After the contract’s initial term and if the State agrees to a renewal, the parties may agree upon annual pricing adjustments during a renewal based on the cost of living as reflected in the Federal Bureau of Labor Statistics, Consumer Price Index (CPI) for all Urban Consumers (see xxxx://xxx.xxx.xxx/cpi/ for reference) or any other index that may be substituted in the future. The CPI for the last 12-month period of the contract shall be the CPI base on which later adjustments are computed, and the original CPI base shall be the index announced for the month in which the contract was signed. The allowable percentage change shall be calculated as follows:
Sample 1

Related to Cost Adjustments per Increase in CPI

  • Cost Adjustments Both parties agree that contracted prices shall be fixed for the first 12 months of this Contract. Contractor must submit to District any proposed cost adjustments at least 60 days before the proposed effective date of such increases with a detailed explanation for each adjustment. District alone reserves the right to reject any changes to this Contract it deems unacceptable.

  • Rent Adjustments 4.1 For the purpose of this Article 4, the following terms are defined as follows:

  • Market Adjustments 22. Neither this Article nor any other in this Collective Agreement prevents the Employer from using other funds to increase a Member’s salary in response to offers received from other employers or to accommodate other market forces.

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