Price Adjustment. Civil works contracts of long duration (more than 18 months) shall contain an appropriate price adjustment clause.
Price Adjustment. 6.6.1 Prices shall be adjusted for fluctuations in the cost of inputs only if provided for in the SCC. If so provided, the amounts certified in each payment certificate, after deducting for Advance Payment, shall be adjusted by applying the respective price adjustment fact or to the payment amounts due in each currency. A separate formula of the type indicated below applies to each Contract currency: Pc = Ac + Bc Lmc / Loc + Cc Imc / Ioc Where: Pc is the adjustment factor for the portion of the Contract Price payable in a specific currency “c”. Ac, Bc and Cc are coefficients specified in the SCC, representing: Ac the non-adjustable portion; Bc the adjustable portion relative to labor costs and Cc the adjustable portion for other inputs, of the Contract Price payable in that specific currency “c”; and Lmc is the index prevailing at the first day of the month of the corresponding invoiced ate and Loc is the index prevailing28 days before Tender opening for labor; both in the specific currency “c”. Imc is the index prevailing at the first day of the month of the corresponding invoice date and Ioc is the index prevailing 28 days before Tender opening for other inputs payable; both in the specific currency “c”. If a price adjustment factor is applied to payments made in a currency other than the currency of the source of the index for a particular indexed input, a correction factor Zo/Zn will be applied to the respective component factor of pn for the formula of the relevant currency. Zo is the number of units of Kenya Shillings of the index, equivalent to one unit of the currency payment on the date of the base index, and Zn is the corresponding number of such currency units on the date of the current index.
Price Adjustment. 47.1 Contract price shall be adjusted for increase or decrease in rates and price of labour, materials, fuels and lubricants in accordance with the following principles and procedures and as per formula given in the contract data:
Price Adjustment. No adjustment in the per share Exercise Price shall be required unless such adjustment would require an increase or decrease in the Exercise Price of at least $0.01; provided, however, that any adjustments which by reason of this paragraph are not required to be made shall be carried forward and taken into account in any subsequent adjustment. All calculations under this Section 2 shall be made to the nearest cent or to the nearest 1/100th of a share, as the case may be.
Price Adjustment. Any adjustment in the price made pursuant to this paragraph shall be determined in accordance with the price adjustment provision of this Contract.
Price Adjustment. If agreement is reached to extend this agreement the Division of Government Support Services with the approval of the State Use Commission shall grant an adjustment. Prices for all goods and non- professional services provided for in this agreement are approved by the State Use Commission and found in Exhibit A.
Price Adjustment. Any adjustment in the contract price pursuant to a provision in this Contract shall be made in one or more of the following ways:
Price Adjustment. Investors should note that any dividend payment on the underlying security may affect its price and the payback of the XXX at expiry due to ex-dividend pricing. Investors should also note that issuers may make adjustments to the XXX due to corporate actions on the underlying security.
Price Adjustment. Price may be adjusted annually, beginning 12 months after the contract effective date based on the percent change (up or down) of the Producers Price Index (PPI). All requests must be submitted to the Contract Manager during the months of January or July only. Price adjustments correlate with the PPI for the Series ID’s in the table below and as published by the Bureau of Labor Statistics, in the Department of Labor, Xxxxxxxxxx, XX 00000. These reports are accessible at the following website: xxxx://xxx.xxx.xxx/data/. Groups Industry Code Industry Baseline 1, 2, 16 44121 Recreational vehicle dealers PCU44121-44121- Recreational vehicle dealers June 2001 3, 10 333112 Lawn and garden equipment manufacturing PCU3331123331121 Consumer non-riding lawn, garden, and snow equipment December 1982 6 PCU3331123331123 Consumer riding lawn, garden, and snow equipment 4, 5, 7, 8, 9, 17,18 333111 Farm machinery and equipment manufacturing PCU333111333111J Commercial turf and grounds care equipment, including parts and attachments December 1982 11, 12, 13, 14, PCU3331113331111 Farm-type (power take-off hp) wheel tractors (2/4- wheel drive)(with or without attachments) December 1982 15 PCU333111333111G All other farm machinery and equipment, excluding parts, including attachments December 1982 19 PCU333111333111 Farm machinery and equipment manufacturing December 1982 20, 21 33621 Motor vehicle body and trailer manufacturing PCU33621-33621- Motor vehicle body and trailer manufacturing December 2003 The Contractor may have up to 60 days after the posting of the month or quarter non-preliminary data at each contract anniversary to request a price increase. When requesting a price increase, the Contractor may submit a justification in writing to the Contract Manager detailing the reasons for the price adjustment request and demonstrating the calculable change in PPI over the last 12 months of the Contract that supports a price adjustment. The requested adjustment for a price increase may not exceed the percentage change of the PPI the preceding twelve months prior to the adjustment. The contractor must complete Price Update Form (Attachment H) to have the price adjustment processed. The Department reserves the exclusive right to accept or reject any request for price adjustment. Price adjustments may be effective only upon written approval by the Department and may not be applied retroactively. The Department reserves the right to request price decreases at any time during th...
Price Adjustment. The adjustment shall first be established by determining the effect on the Contractor’s cost of implementing the change, including any amount attributable to subcontractors and to the Department’s charges to the Contractor for architectural, engineering, or other consultant services, and the staff time required to examine and review the proposal. The contract price shall then be reduced by fifty percent (50%) of the net estimated decrease in the cost of performance.
