Common use of Price adjustment for Maintenance of Project Highway Clause in Contracts

Price adjustment for Maintenance of Project Highway. Lump sum payment for Maintenance shall be adjusted every quarter for changes in rates and prices of various inputs in accordance with the formula given below: V = P X (WI-WO)/WO V = Increase or decrease in the quarterly lump sum payment P = Quarterly lump sum payment due to the Contractor after adjusting any reduction in payment for non compliance of the Maintenance Requirements WO = The wholesale price index (all commodities) for the month of the Base Date. WI = The wholesale price index (all commodities) for the first day of the quarter under consideration for determining the price adjustment.

Price adjustment for Maintenance of Project Highway. Lump sum payment for Maintenance shall be adjusted every quarter for changes in rates and prices of various inputs in accordance with the formula given below: V = P X (WI-WO)/WO V = Increase or decrease in the quarterly lump sum payment P = Quarterly lump sum payment due to the Contractor after adjusting any reduction in payment for non compliance of the Maintenance Requirements WO = The wholesale price index (all commodities) for the month of the Base Date. WI = WI= The wholesale price index (all commodities) for the first day of the quarter under consideration for determining the price adjustment.

Price adjustment for Maintenance of Project Highway. Lump sum payment for Maintenance shall be adjusted every quarter for changes in rates and prices of various inputs in accordance with the formula given below: V = P X (WI-WO)/WO V = Increase or decrease in the quarterly lump sum payment P = Quarterly lump sum payment due to the Contractor after adjusting any reduction in payment for non non-compliance of the Maintenance Requirements WO = The wholesale price index (all commodities) for the month of the Base Date. WI = The wholesale price index (all commodities) for the first day of the quarter under consideration for determining the price adjustment.

Price adjustment for Maintenance of Project Highway. Lump sum payment for Maintenance shall be adjusted every quarter for changes in rates and prices of various inputs in accordance with the formula given below: V = P X (WI-WO)/WO V = =Increase or decrease in the quarterly lump sum payment P = Quarterly lump sum payment due to the Contractor after adjusting any reduction in payment for non compliance of the Maintenance Requirements WO = The wholesale price index (all commodities) for the month of the Base Date. WI = The wholesale price index (all commodities) for the first day of the quarter under consideration for determining the price adjustment.