Common use of PRICE AND CONSIDERATION Clause in Contracts

PRICE AND CONSIDERATION. Section 1. MCWD shall pay for the water delivered by BWS according to the Bid Price as indicated in the Schedule of Prices. The ABC includes price changes not limited to wage increases, power cost, fuel cost, price increases of materials and supplies and other production and maintenance costs, inflation, currency fluctuation and foreign currency devaluation. Hence, the contract price is not subject to price adjustment and escalation during contract implementation considering that the exemption provided in Section 61, Rule XIX – Contract Prices and Warranties of the 2016 IRR of RA 9184 is already incorporated herein. All prices are inclusive of all applicable taxes and net of penalties.

PRICE AND CONSIDERATION. Section 1. MCWD shall pay for the water delivered by BWS according to the Tiered Bid Price as indicated in the Schedule of Prices. The ABC for each tier includes price changes not limited to wage increases, power cost, fuel cost, price increases of materials and supplies and other production and maintenance costs, inflation, currency fluctuation and foreign currency devaluation. Hence, the contract price is not subject to price adjustment and escalation during contract implementation considering that the exemption provided in Section 61, Rule XIX – Contract Prices and Warranties of the 2016 IRR of RA 9184 is already incorporated herein. All prices are inclusive of all applicable taxes and net of penalties.