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Impact on Cost Clause Samples

The 'Impact on Cost' clause defines how changes or unforeseen circumstances affecting a project or agreement may alter the overall costs involved. Typically, this clause outlines the process for identifying, documenting, and approving any cost increases or decreases resulting from modifications to the original scope of work, such as changes in materials, labor, or regulatory requirements. Its core practical function is to ensure that both parties have a clear, agreed-upon method for addressing and allocating additional expenses or savings, thereby minimizing disputes and maintaining financial transparency throughout the contract.
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Impact on Cost. Seller will promptly notify Buyer in writing if a change directed or approved by Buyer will affect cost or timing and provide substantiation of its claim. If Buyer determines that an adjustment is appropriate, Buyer and Seller will negotiate in good faith an equitable price adjustment (up or down), a change in shipping or delivery terms, or other appropriate adjustment. Seller acknowledges that (i) in no event may any claim for adjustment exceed the cost of Raw Material (as defined in the Logistics Parameter) and/or tooling equivalent based on a term of supply of finished Products as projected by the production releases in place at the time of the production change order; and (ii) no adjustments will be recognized that were not submitted to Buyer as part of Seller’s written notification hereunder. If Buyer determines that no adjustment is appropriate, it will so advise Seller.
Impact on CostSeller will promptly notify Buyer in writing if a change directed or approved by Buyer will affect cost or timing and provide substantiation of its claim. If Buyer determines that an adjustment is appropriate, Buyer and Seller will negotiate in good faith an equitable adjustment (up or down), including adjustments to price as well as claims for other costs, a change in shipping or delivery terms, or other appropriate adjustment. Seller acknowledges that (i) in no event may any claim for adjustment exceed the cost of Raw Material (as defined in any applicable Logistics Parameter) and/or tooling equivalent based on a term of supply of finished Products as projected by the production releases in place at the time of the production change order; and (ii) no adjustments will be recognized that were not submitted to Buyer as part of Seller’s written notification hereunder. If Buyer determines that no adjustment is appropriate, it will so advise Seller.
Impact on Cost. Seller will promptly notify Buyer in writing if a change directed or approved by Buyer will affect cost or timing and provide substantiation of its claim. If Buyer determines that an adjustment is appropriate, Buyer and Seller will negotiate in good faith an equitable price adjustment (up or down), a change in shipping or delivery terms, or other appropriate adjustment. If Buyer determines that no adjustment is appropriate, it will so advise Seller in writing.
Impact on Cost. The additional services described above will entail fees to Collin County in the amount of $8,900.00 This enhancement will be deployed with Code Drop #2.

Related to Impact on Cost

  • Construction Cost 3.1. Construction Cost does not include the fees of the ARCHITECT/ENGINEER and consultants, the cost of the land, rights- of-way, or other costs, which is the responsibility of the State as provided in Paragraphs 2.2 through 2.3. or any of the contingencies available for the project unless specifically stated otherwise. 3.2. Labor furnished by the State for the Project, however, with respect only to the construction of such components thereof as have been designed by the ARCHITECT/ENGINEER, shall be included in the Construction Cost at current market rates. Materials and equipment furnished by the State shall be included at current market prices, except that used materials and equipment shall be included as if purchased new for the Project.

  • Bilingual Differential When formally assigned in the employee’s position description, an employee assigned to interpret to or from another language to English will receive a differential of five percent (5%) of base pay.

  • Impact Fees Impact Fees or modifications thereto which are lawfully adopted, and imposed by the City and which meet all requirements of the U. S. Constitution, Utah Constitution, law and applicable statutes, including but not limited to Utah Code ▇▇▇. Section 11-36a-101 (2021) et seq.;

  • Impact direct impact on people does not necessarily require direct contact, for example, environmental health, trading standards and similar officers may have a direct impact on people, through the implementation or enforcement of regulations, without necessarily having direct contact with those who benefit.

  • Shift Differential A. Shift differential will be $.60 cents per hour. B. Employees eligible for shift differential are those whose work shift begins before 6:00 a.m. or ends on or after 7:00 p.m. and are scheduled by their supervisor for a total shift of at least six (6) hours in duration. This shift differential shall not apply to those employees who have requested and have been granted flexible work scheduling.

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