Common use of Increases in the Minimum Clause in Contracts

Increases in the Minimum. a) Effective July 1, 2018: i. the formula for calculating the minimums for jobs with less than 314 points is: Evaluation points x $80.77 + 27,470 ii. The formula for calculating the minimums for jobs with 314 points or more is: Evaluation points x $82.33 + 28,004 b) Effective July 1, 2019, the formula for calculating the minimums for all job is: Evaluation points x $83.36 + 28,354 c) Effective July 1, 2020, the formula for calculating the minimums for all jobs is: Evaluation points x $84.82 + 28,850

Increases in the Minimum. a) Effective July 1, 2018: i. the formula for calculating the minimums for jobs with less than 314 points is: Evaluation points x $80.77 + 27,470 ii. The formula for calculating the minimums for jobs with 314 points or more is: Evaluation points x $82.33 + 28,004 b) Effective July 1, 20192021, the formula for calculating the minimums for all job is: Evaluation points x $83.36 86.94 + 28,35429,571 cb) Effective July 1, 20202022, the formula for calculating the minimums for all jobs is: Evaluation points x $84.82 87.81+ 28,85029,867 c) Effective July 1, 2023, the formula for calculating the minimums for all jobs is: Evaluation points x $88.69 + 30,166