Price Rebate. When the ratio SI/SB is calculated to be less than 0.95, the Department will receive an automatic price rebate, for applicable steel material having an invoice date that falls within the month for which the SI index price was posted, to be determined in accordance with the following formula: P.R. = (0.95 - SI / SB) (SB) (ST) where:
Appears in 8 contracts
Samples: contracts.patreasury.gov, contracts.patreasury.gov, Ecms Highway Construction
Price Rebate. When the ratio SI/SB is calculated to be less than 0.95, the Department Commission will receive an automatic price rebate, for applicable steel material having an invoice date that falls within the month for which the SI index price was posted, to be determined in accordance with the following formula: P.R. = (0.95 - β SI / SB) (SB) (ST) where:
Appears in 1 contract
Samples: ebs.paturnpike.com
