Common use of Fee Revisions Clause in Contracts

Fee Revisions. The fees will be revised every year, on January 1st, to take into account changes in the cost of manpower. They will be revised using the index published by Syntec, a French organisation federating digital service compagnies. Syntec’s index is a valid reference index as recognized by French authorities since 1974-03-11. The revision formula is F1 = F0 * (S1/ S0), where F1 is the revised fee, F0 the initial fee as published in Appendix B, S1 the last published index at the date the fee is revised and S0 the index for the month of January 2018.