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Cost Escalation Sample Clauses

Cost Escalation. The Joint Parties agree to use an escalation rate of 1.106 for escalating labor expenses from 2001 dollars to 2004 dollars. For escalating non-labor O&M expenses, the Joint Parties mutually agree to use 1.076. The labor, non-labor and other expense allocations for purposes of escalating from 2001 dollars to 2004 dollars are set forth in Attachment D hereto.
Cost EscalationThe price is based on costs prevailing at the date of the proposal and unless the contracted price is fixed and firm, any variation in such costs occurring between the tender date and date of payment shall be to the account of the Customer in accordance with the prevailing indices published by CPI (Consumer Price Index).
Cost Escalation. Each Construction Contractor shall pay the cost of any material or labor escalation required for the Work to be properly completed.
Cost EscalationThe original proposed billing rates are based on 2024 dollars, and do not include escalations for future years. The escalation clause included in the City’s standard agreement allows increases to billing rates. To help the City plan for these future escalations, we have included a relatively conservative escalation of 5% per year to plan for the future. Escalation contingency tasks include: 1. To be finalized following determination of 2025 activities. 1. To be finalized following determination of 2026 activities.
Cost Escalation. A. The Purchaser/s hereby agree/s and confirm/s that the purchase price of the said flat is fixed on the basis of the prevailing cost at the time of reservation of flat, the cost of steel, cement and other construction materials as well as the amenities, which will be provided while constructing and developing said properties and putting up construction of the towers and providing said flat; however, in the event of there being any substantial escalation in the price of cement, steel and other construction materials and/or labour charges as well as the amenities provided in the said flat, in that event the Developers will be entitled to seek escalation in the price of sale of the said flat in proportion to the escalation in price of the construction material/larbour charges and cost of amenities which will be utilized by the Developers while carrying out the development work. B. The Purchaser/s hereby agree/s and confirm/s that the allotment of the flat was made by the Developers when location clearance was given to the Developers for carrying out Rental Housing Scheme on the properties described in the Schedule hereunder written; however, due to technical reasons and the delay in finalizing the Rental Housing Scheme by the State Government, the entire project for development of the said properties was delayed, which was beyond the control of the Developers. The Purchaser/s hereby agree/s and confirm/s that due to the said delay in breach caused while granting the said permission by the State Government, the price of various construction materials such as steel, metal, cement and other construction materials, which are used by the Developers have substantially increased and in view thereof the Purchaser/s has/have agreed that there is a substantial increase in the cost of the construction cost, the Purchaser/s shall be liable to pay additional cost and accordingly the Purchaser/s has/have agreed that in the event of any such escalation in the said construction work, said escalation cost of the material shall be paid by the Purchaser/s and accordingly agreed that on or before taking possession of the premises, which will be handed over by the Developers, the Purchaser/s shall pay the said amount to the Developers without raising any objection of whatsoever nature. C. The Purchaser/s hereby agree/s and confirm/s that the address of the Purchaser/s for all communication and for effecting service of the notice is at , E-Mail : , Mobile No. and SMS and for all ...
Cost Escalation. The Corporation may meet any cost overrun of the projects except where such escalation is because of factors beyond the control of the Corporation like delay in alienation of land for the project, delay in finalization of plan by the requisitioning agency, delay in receipt of administrative approval and substantial modification to plans requiring major structural changes and for the reasons not attributable to the Corporation. The requisitioning authority shall also bear differential cost in the event of upward rise of the schedule of rates, increase in price of cement, steel and bitumen as per Government of Odisha, Works Department Letter No. 5608/W, dt. 03.04.2007.
Cost Escalation. Costs in this Agreement shall remain fixed for the first twelve (12) months. Thereafter, not withstanding installation of new versions, cost may only be increased by the Vendor delivering to the Customer, not less than thirty (30) Calendar Days prior to the effective annual payment date, a written notification of such increase, AND then only within the limitations cap provided in Section 9.0 of this Software Maintenance Agreement.
Cost Escalation. The material costs component of this agreement has been calculated based on current market prices for materials. However, these prices are volatile, and sudden price increases or lack of available inventory may occur during performance of this agreement. Should after execution of this agreement an increase in the costs of materials and/or a lack of available materials occur, Customer hereby agrees that Dialum S.A. shall be entitled to an equitable adjustment to the agreement price and time. Any claim by Dialum S.A. for an equitable adjustment in price and time shall be made pursuant to materials adjustment notice to Customer. The lack of available inventory of materials shall not be considered an event causing delay to the project or delivery schedule (if any) for any reason.

Related to Cost Escalation

  • Non-Escalation Unless otherwise specified within the RFP documents, the unit prices reflected on the contract shall remain firm with no provision for price increases during the term of the contract.

  • PRICE ESCALATION/DE-ESCALATION (CPI) The County may allow a price escalation provision within this award. The original contract prices shall be firm for an initial one (1) year period. A price escalation/de-escalation will be considered at one (1) year intervals thereafter, provided the Contractor notifies the County, in writing, of the pending price escalation/de-escalation a minimum of sixty (60) days prior to the effective date. Price adjustments shall be based on the latest version of the Consumers Price Index (CPI-U) for All Urban Consumers, All Items, U.S. City Average, non-seasonal, as published by the U.S. Department of Labor, Bureau of Labor Statistics. This information is available at xxx.xxx.xxx. Price adjustment shall be calculated by applying the simple percentage model to the CPI data. This method is defined as subtracting the base period index value (at the time of initial award) from the index value at time of calculation (latest version of the CPI published as of the date of request for price adjustment), divided by the base period index value to identify percentage of change, then multiplying the percentage of change by 100 to identify the percentage change. Formula is as follows: Current Index – Base Index / Base Index = % of Change CPI for current period 232.945 Less CPI for base period 229.815 Equals index point change 3.130 Divided by base period CPI 229.815 Equals 0.0136 Result multiplied by 100 0.0136 x 100 Equals percent change 1.4% % of Change x 100 = Percentage Change CPI-U Calculation Example: A price increase may be requested only at each time interval specified above, using the methodology outlined in this section. To request a price increase, Contractor shall submit a letter stating the percentage amount of the requested increase and adjusted price to the Orange County Procurement Division. The letter shall include the complete calculation utilizing the formula above, and a copy of the CPI-U index table used in the calculation. The maximum allowable increase shall not exceed 4%, unless authorized by the Manager, Procurement Division. All price adjustments must be accepted by the Manager, Procurement Division and shall be memorialized by written amendment to this contract. No retroactive contract price adjustments will be allowed. Should the CPI-U for All Urban Consumers, All Items, U.S City Average, as published by the U.S. Department of Labor, Bureau of Labor Statistics decrease during the term of the contract, or any renewals, the Contractor shall notify the Orange County Procurement Division of price decreases in the method outlined above. If approved, the price adjustment shall become effective on the contract renewal date. If the Contractor fails to pass the decrease on to the County, the County reserves the right to place the Contractor in default, cancel the award, and remove the Contractor from the County Vendor List for a period of time deemed suitable by the County. In the event of this occurrence, the County further reserves the right to utilize any options as stated herein.

  • Cost Estimate The cost estimate shall set out the estimated costs for the proposed Change Order in such a way that a fair evaluation can be made. It shall include a breakdown for labor, materials, equipment and markups for overhead and profit, unless TxDOT agrees otherwise. If the work is to be performed by Subcontractors and if the work is sufficiently defined to obtain Subcontractor quotes, DB Contractor shall obtain quotes (with breakdowns showing cost of labor, materials, equipment and markups for overhead and profit) on the Subcontractor’s stationery and shall include such quotes as back-up for DB Contractor’s estimate. No markup shall be allowed in excess of the amounts allowed under Section 10.6. DB Contractor shall identify all conditions with respect to prices or other aspects of the cost estimate, such as pricing contingent on firm orders being made by a certain date or the occurrence or non-occurrence of an event.

  • Cost Estimates If this Agreement pertains to the design of a public works project, CONSULTANT shall submit estimates of probable construction costs at each phase of design submittal. If the total estimated construction cost at any submittal exceeds ten percent (10%) of CITY’s stated construction budget, CONSULTANT shall make recommendations to CITY for aligning the PROJECT design with the budget, incorporate CITY approved recommendations, and revise the design to meet the Project budget, at no additional cost to CITY.

  • Cost Share Federal and provincial governments support AgriInsurance programs by paying all administration expenses and sharing premium costs with the Insured.

  • Emergency Escalation Escalation is strictly for purposes of notifying and investigating possible or potential issues in relation to monitored services. The initiation of any escalation and the subsequent cooperative investigations do not in themselves imply that a monitored service has failed its performance requirements. Escalations shall be carried out between ICANN and Registry Operators, Registrars and Registry Operator, and Registrars and ICANN. Registry Operators and ICANN must provide said emergency operations departments. Current contacts must be maintained between ICANN and Registry Operators and published to Registrars, where relevant to their role in escalations, prior to any processing of an Emergency Escalation by all related parties, and kept current at all times.

  • Escalation If parties are unable to resolve the issue in a timely manner, as specified above, either Sourcewell or Supplier may escalate the resolution of the issue to a higher level of management. The Supplier will have 30 calendar days to cure an outstanding issue.

  • Base Year The period beginning on 1 April of one year and ending on 31 March of the following year.

  • 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.

  • Operating Costs Tenant shall pay to Landlord the Tenant’s Percentage of Operating Costs (as hereinafter defined) incurred by Landlord in any calendar year. Tenant shall remit to Landlord, on the first day of each calendar month, estimated payments on account of Operating Costs, such monthly amounts to be sufficient to provide Landlord, by the end of the calendar year, a sum equal to the Operating Costs, as reasonably estimated by Landlord from time to time. The initial monthly estimated payments shall be in an amount equal to 1/12th of the Initial Estimate of Tenant’s Percentage of Operating Costs for the Calendar Year. If, at the expiration of the year in respect of which monthly installments of Operating Costs shall have been made as aforesaid, the total of such monthly remittances is greater than the actual Operating Costs for such year, Landlord shall promptly pay to Tenant, or credit against the next accruing payments to be made by Tenant pursuant to this subsection 4.2.3, the difference; if the total of such remittances is less than the Operating Costs for such year, Tenant shall pay the difference to Landlord within twenty (20) days from the date Landlord shall furnish to Tenant an itemized statement of the Operating Costs, prepared, allocated and computed in accordance with generally accepted accounting principles. Any reimbursement for Operating Costs due and payable by Tenant with respect to periods of less than twelve (12) months shall be equitably prorated.