Fixed Price Method Sample Clauses
The Fixed Price Method clause establishes that the price for goods or services under a contract is set at a predetermined, unchangeable amount. This means that regardless of actual costs incurred or fluctuations in market prices, the agreed-upon price remains constant throughout the contract term. For example, a contractor and client may agree to a fixed sum for a construction project, with no adjustments for labor or material cost changes. The core function of this clause is to provide cost certainty and budget predictability for both parties, minimizing disputes over payment and reducing financial risk due to unforeseen expenses.
Fixed Price Method. Net Energy Purchase Price = On-peak = (Fuel Cost + Capacity Cost) X Seasonality Factor Off-peak = Fuel Cost X Seasonality Factor where Fuel Cost and Capacity Cost are the Avoided Cost Components established in this schedule for the applicable calendar year of the actual Net Energy deliveries to the Company.
Fixed Price Method the amount per bushel of calculated yield shall be based on the last 5 years of the actual selling price to commercial elevators of commercial corn for the crop year as provided by Grain Farmers of Ontario. The high and low averages of the last 5 years averages will be dropped and the average of the remaining 3 years will be the Fixed Price. The Fixed Price for this contract shall be $5.38.
Fixed Price Method the Base Price under this method shall be paid on Dec. 1, 2016 or Jan. 1, 2017. It is mandatory that 50% of this contract is paid on one of the dates selected. Selection Date - the Base Price(s) shall be determined by selecting a date(s) (the “Selection Date”) between May 1st or the date of contract signing through to April 30th following the crop year. The Grower will have up to two (2) opportunities to sell at a minimum of 25% per sale.
Fixed Price Method. This method fixes a dollar value for the business. If this method is used, periodic reviews are essential in order to ensure that the dollar amount reflects the actual value of the company.