Price Adjustment Methods Sample Clauses
Price Adjustment Methods. Any adjustment in contract price pursuant to a clause in this contract shall be made in one or more of the following ways:
a. by agreement on a fixed price adjustment before commencement of the additional performance;
b. by unit prices specified in the contract;
c. by the costs attributable to the event or situation covered by the clause, plus appropriate profit or fee, all as specified in the contract; or,
d. by a price escalation clause.
Price Adjustment Methods. Any adjustment in contract price pursuant to a clause in this contract shall be made in one or more of the following ways:
i. By agreement on a fixed price adjustment before commencement of the pertinent performance or as soon thereafter as practicable;
ii. By unit prices specified in the contract or subsequently agreed upon;
iii. By the cost attributable to the event or situation covered by the clause, plus appropriate profit or fee, all as specified in the contract subsequently agreed upon;
iv. In such other manner as the parties may mutually agree; or
v. In the absence of agreement between the parties, by a unilateral determination by the Chief Procurement Officer of the costs attributable to the event or situation covered by the clause, plus appropriate profit or fee, all as computed by the Chief Procurement Officer in accordance with generally accepted accounting principles.
Price Adjustment Methods. Any adjustment in contract price pursuant to clauses in this Agreement shall be made in one or more of the following ways:
1) by agreement on a fixed price adjustment before commencement of the pertinent performance or as soon thereafter as practicable;
2) by unit prices specified in the Proposal, Agreement, or subsequently agreed upon;
3) by the costs attributable to the event or situation covered by the clause, plus appropriate profit or fee, all as specified in the Agreement or subsequently agreed upon;
4) in such other manner as the parties may mutually agree; or
5) in the absence of an agreement between the parties, by a unilateral determination by the Procurement Officer of costs attributable to the event or situation covered by the clause, plus appropriate profit or fee, all as computed by the Procurement Officer in accordance with generally accepted accounting principles and applicable sections under Chapter 7 (Cost Principles) of the Guam Procurement Regulations and subject to the provisions of Article 5, Chapter 5 of 5 GCA (Legal and Contractual Remedies) of the Guam Procurement Law.