Escalation of Costs Sample Clauses

Escalation of Costs. Unless otherwise indicated, costs specified as 43 a year 2004 cost basis shall be escalated (starting in January 2005) based on the U. S. 44 Gross Domestic Product - Implicit Price Deflator (GDP-IPD). Costs not specified as a 45 year 2004 cost basis are constant dollars not subject to escalation. 46
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Escalation of Costs. Costs specified as a year 2002 cost basis shall be escalated 24 on the U.S. Gross Domestic Product – Implicit Price Deflator (GPD-IPD). Costs not 25 specified as a year 2002 cost basis are constant dollars not subject to escalation.
Sample 1Sample 2
Escalation of Costs. Unless otherwise indicated, costs specified as a year 2000 cost basis shall be escalated (starting in January 2001) based on the U. S. Gross Domestic Product - Implicit Price Deflator (GDP-IPD). Costs not specified as a year 2000 cost basis are constant dollars not subject to escalation.
Sample 1
Escalation of Costs. Adjusted allowed costs of operation in Year Four will be multiplied by the change in appropriate indices compiled and published by the United States Department of Labor, Bureau of Labor Statistics. Labor-Related Costs will be escalated for Year Six by multiplying the Adjusted Allowed Labor- Related Costs for Year Four by 100% plus the percentage change in the Urban Wage Earners Index between the index most recently published prior to submission of the Request for Calculation of Contractor's Payment and the corresponding index published 12 months earlier. The result is "Projected Labor-Related Costs for Year Five" (PL5). PL5 is then multiplied by 100% plus the percentage change in the Urban Wage Earners Index between the index most recently published prior to submission of the Request for Calculation of Contractor's Payment and the corresponding index published 12 months earlier. The result is the "Projected Labor-Related Costs for Year Six" (PL6). Vehicle-related costs will be projected for Year Six as follows:
Sample 1
Escalation of Costs. The vendor will in no circumstance be entitled to any escalation of costs or price of any material / items supplied or services tendered under the contract. The prices will not be subject to variation on any account. b) Taxes and Duties a. Vendors will be entirely responsible for all taxes, duties, license fees, road permits, and transit insurance etc., except GST incurred until delivery of the contracted services to LIC, however LIC will provide requisite letters for road permits. b. GST, if any, will be reimbursed only in actual on production of appropriate receipts within 15 days of such tax payment to the respective authorities by the vendor. c) Deduction of Taxes at Source LIC will deduct taxes from the amounts due and payable to the vendor wherever applicable. LIC will provide vendor with the statement of any taxes deducted by LIC on payments under the contract. The vendor agrees to reimburse and hold LIC harmless from any deficiency including penalties and interest relating to taxes including recovery of any tax retrospectively that are its responsibility under this clause. For purposes of the contract, taxes shall include taxes incurred on transactions between LIC and the vendor. d) Arithmetical errors The Arithmetical errors will be rectified on the following basis. If there is a discrepancy between the unit price and the total price that is obtained by multiplying the unit price and quantity, the unit price shall prevail and the total price shall be corrected. If there is a discrepancy between words and figures, the amount in words shall prevail. If the bidder does not accept the correction of errors, its bid will be rejected and its EMD may be forfeited. Section C: Clause 21- Rejection of non-compliant bid 1. Eligibility Criteria Evaluation The Bidder needs to comply with all the eligibility criteria mentioned below in Stage 1 of the RFP to be eligible for evaluation in Stage 2. Non-compliance to any of these criteria would result in outright rejection of the Bidder„s proposal. The Bidder is expected to provide proof for each of the points for eligibility evaluation. The proof provided has to be in line with the details mentioned in “Annexure II Eligibility Criteria” Eligibility Evaluation Details. Any credential detail mentioned in “Annexure II Eligibility Criteria” and not accompanied by relevant proof documents will not be considered for evaluation. All credential letters/ purchase orders/ contract copies should be appropriately bound, labell...
Sample 1
Escalation of Costs. Unless otherwise indicated, all costs or payment amounts specified in dollars shall be deemed to be stated as of the year 2004, and the Licensees shall escalate such sums as of January 1 of each following year (starting in January 2005) according to the following formula: AD = D x (NGDP) IGDP WHERE: AD = Adjusted dollar amount as of January 1 of the year in which the adjustment is made. D = Dollar amount prior to adjustment. IGDP = GDP-IPD for the third quarter of the year before the previous adjustment date (or, in the case of the first adjustment, the third quarter of the year before the Effective Date). NGDP = GDP-IPD for the third quarter of the year before the adjustment date.
Sample 1
Escalation of Costs. Unless otherwise indicated, costs specified in this Settlement Agreement shall be escalated (starting in December 2005) based upon a Composite Index defined as the arithmetic average of the Producer Price Index for the Materials and Components for Construction (Producer Price Index) published by the U.S. Department of Labor Bureau of Labor Statistics and the Gross Domestic Product Implicit Price Deflator published by the U.S. Department of Commerce Bureau of Economic Analysis. The Composite Index will be computed on January 31 of each year or the next business day if January 31 is a state holiday or a weekend day. The computation will use the latest version of data available as of January 31 for the annual average values of the Producer Price Index and the Gross Domestic Product Implicit Price Deflator ending December 31 of the prior year. The Composite Index will not be adjusted during the year and its value will remain constant from January 31 of one year to January 30 of the following year. If during the term of the New Project License either of the two indices are significantly modified or eliminated, then the time value of money shall be based on the remaining index. If both indices are significantly modified or eliminated, the Licensee shall propose a new index or combination of indices and the Parties shall use their best efforts to agree on a substitute index. If the Parties are unable to reach agreement on a substitute index within a reasonable amount of time, or by January 31 if needed sooner, then the Licensee’s proposed index shall be used. This provision does not apply to the Supplemental Benefits Fund set forth in Appendix B.
Sample 1
AutoNDA by SimpleDocs
Escalation of Costs. Unless otherwise indicated, all costs or payment amounts specified in dollars shall be deemed to be stated as of the year 2001, and PacifiCorp shall escalate such sums as of January 1 of each following year (starting in January 2002) according to the following formula: AD = D x ( NGDP) IGDP WHERE: AD = Adjusted dollar amount as of January 1 of the year in which the D = adjustment is made. Dollar amount prior to adjustment. IGDP = GDP-IPD for the third quarter of the year before the previous adjustment date (or, in the case of the first adjustment, the third quarter of the year before the Effective Date). NGDP = GDP-IPD for the third quarter of the year before the adjustment date. “GDP-IPD” is the value published for the Gross Domestic Product Implicit Price Deflator by the U.S. Department of Commerce, Bureau of Economic Analysis in the publication Survey of Current Business, Table 7.1 (being on the basis of 1987 = 100), in the third month following the end of the applicable quarter. If that index ceases to be published, any reasonably equivalent index published by the Bureau of Economic Analysis may be substituted by the Parties. If the base year for GDP-IPD is changed or if publication of the index is discontinued, the Parties shall promptly make adjustments or, if necessary, select an appropriate alternative index to achieve the same economic effect.
Sample 1

Related to Escalation of Costs

  • Allocation of Costs The Fund shall pay the cost of composition and printing of sufficient copies of its Prospectus and SAI as shall be required for periodic distribution to its shareholders and the expense of registering Shares for sale under federal securities laws. You shall pay the expenses normally attributable to the sale of Shares, other than as paid under the Fund's Distribution Plan under Rule 12b-1 of the 1940 Act, including the cost of printing and mailing of the Prospectus (other than those furnished to existing shareholders) and any sales literature used by you in the public sale of the Shares and for registering such shares under state blue sky laws pursuant to paragraph 8.

  • Mitigation of costs and damage The Affected Party shall make all reasonable efforts to mitigate or limit the costs and damage arising out of or as a result of breach of Agreement by the other Party.

  • Documentation of Costs All costs shall be supported by properly executed payrolls, time records, invoices, contracts, or vouchers or other official documentation evidencing in proper detail the nature and propriety of charges. All checks, payrolls, invoices, contracts, vouchers, orders, or other accounting documents pertaining in whole or in part to this Agreement shall be clearly identified and readily accessible.

  • Payment of Costs Each party to a hearing before an arbitrator shall bear his/her own expenses in connection therewith. All fees and expenses of the arbitrator and of a reporter shall be borne one-half by the County and one-half by the grievant.

  • Reimbursement of Costs City may reimburse Consultant’s out-of-pocket costs incurred by Consultant in the performance of the Required Services if negotiated in advance and included in Exhibit A. Unless specifically provided in Exhibit A, Consultant shall be responsible for any and all out-of-pocket costs incurred by Consultant in the performance of the Required Services.

  • Evidence of costs Network Rail shall provide such evidence of such costs as are referred to in paragraph 4.2 as the Train Operator shall reasonably request. Schedule 7 (Track Charges and other payments)

  • Construction of Agreement The parties mutually acknowledge that they and their attorneys have participated in the preparation and negotiation of this Agreement. In cases of uncertainty this Agreement shall be construed without regard to which of the parties caused the uncertainty to exist.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!