Price Adjustment Calculation Clause Samples
The Price Adjustment Calculation clause defines the method by which the contract price may be modified in response to specific changes or events. Typically, this clause outlines the formula or process for recalculating the price, such as adjustments for inflation, changes in material costs, or variations in scope of work. By establishing a clear mechanism for price changes, the clause ensures fairness and predictability for both parties, helping to manage financial risk and prevent disputes over unforeseen cost fluctuations.
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Price Adjustment Calculation. If, in accordance with Section 4.3, a Party (“Requesting Party”) believes that the Dose Price should be adjusted as a result of a Price Deviation, before or on September 1 of each Contract Year, Requesting Party shall provide for the other Party’s review and approval the computation of any Price Adjustment (as determined in accordance with Section 4.1). Requesting Party shall also provide to the other Party the methodology Requesting Party used in making such computation together with documentary evidence supporting the Price
Price Adjustment Calculation. PPI Group Contractor’s Bid Price Index on Bid Due Date Index at 12 Months from Bid Due Date % Change in Index from Bid Due Date to 12 Months from Bid Due Date1 Adjusted Price2 Widgets $31.99 190.0 194.4 2.3% $32.73
Price Adjustment Calculation. On October 1st of each calendar year or as soon thereafter as possible, Supplier shall provide for Bayer’s review and approval the computation of the Price Adjustment (as determined in accordance with Section 4.2 above) to be applied in the following calendar year, and the methodology used in making such computation. Such adjustment shall be final and binding in the absence of manifest error.
Price Adjustment Calculation. If, in accordance with Section 4.3, a Party (“Requesting Party”) believes that the Dose Price should be adjusted as a result of a Price Deviation, before or on September 1 of each Contract Year, Requesting Party shall provide for the other Party’s review and approval the computation of any Price Adjustment (as determined in accordance with Section 4.1). Requesting Party shall also provide to the other Party the methodology Requesting Party used in making such computation together with documentary evidence supporting the Price Adjustment. Upon the other Party’s approval of such Price Adjustment, the new prices will be effective as of January 1 of the following Contract Year and the Parties will attach a new Exhibit F hereto reflecting such new prices. If the other Party has rejected any Price Adjustment by Requesting Party, Requesting Party may exercise its rights under the dispute resolution mechanism in Section 11.1 below.