Common use of PRICE REVISION Clause in Contracts

PRICE REVISION. 1. This Article is applicable whenever revision of the price is allowed under the Special Conditions and where the procedure therefor is not otherwise specified therein. For the purpose of this Article “price(s)” shall be taken to mean a “price”, “fee”, “rate”, “charge” as applicable in accordance with the subject matter of the Framework Contract and expressly listed in the Contractor’s Tender at Annex II. 2. The prices may be revised once a year either upwards or downwards, following the Framework Contract’s first anniversary and at the request of one of the parties. A party may request a price revision in writing no later than 3 (three) months in advance of the Contract Date anniversary. The other party must acknowledge such written request within 14 (fourteen) days of receipt. 3. If an acceptable request as per the above is made, the revised price will be calculated in accordance with the final index for the month in which the written request was received, or failing that, the last provisional index available for that month and the applicable formula specified at sub-paragraph (6) below. 4. Any revised pricing shall be recorded in a written addendum and enter into force on the Contract Date of the written addendum or the anniversary of the Contract Date of the Framework Contract, whichever is the later. 5. The revision of the price(s) shall be determined by the trend in the harmonised indices of consumer prices (HICP) MUICP (for the Euro area) (monetary union index of consumer prices) published in the Eurostat’s monthly publication available at xxxx://xx.xxxxxx.xx/eurostat/data/database (navigate to Database - Data navigation tree – Database by themes – Economy and Finance – Prices – HICP). 6. The price revision is calculated using the following formula: Pr= Po (0,2 + 0,8 ) where: Pr= reviewed total price; Po= price in the original Contractor’s Tender; Io= index for the month of the Contract Date of the Framework Contract; Ir= index for the month in which the letter requesting a price review was received.

PRICE REVISION. ‌ 1. This Article is applicable whenever revision of the price is allowed under the Special Conditions and where the procedure therefor is not otherwise specified therein. For the purpose of this Article “price(s)” shall be taken to mean a “price”, “fee”, “rate”, “charge” as applicable in accordance with the subject matter of the Framework Contract and expressly listed in the Contractor’s Tender at Annex II. 2. The prices may be revised once a year either upwards or downwards, following the Framework Contract’s first anniversary and at the request of one of the parties. A party may request a price revision in writing no later than 3 (three) months in advance of the Contract Date anniversary. The other party must acknowledge such written request within 14 (fourteen) days of receipt. 3. If an acceptable request as per the above is made, the revised price will be calculated in accordance with the final index for the month in which the written request was received, or failing that, the last provisional index available for that month month, and the applicable formula specified at sub-paragraph (6) below. 4. Any revised pricing shall be recorded in a written addendum and enter into force on the Contract Date of the written addendum or the relevant anniversary of the Contract Date of the Framework Contract, whichever is the later. Europol purchases on the basis of the prices in force at the date of dispatch of the Specific Contract or Purchase Order to the Contractor for signature. 5. The revision of the price(s) shall be determined by the trend in the harmonised indices of consumer prices (HICP) MUICP (for the Euro area) (monetary union index of consumer prices) published in the Eurostat’s monthly publication available at xxxx://xx.xxxxxx.xx/eurostat/data/database (navigate to Database - Data navigation tree – Database by themes – Economy and Finance – Prices – HICP). 6. The price revision is calculated using the following formula: Ir Pr= Po (0,2 + 0,8 ) Io where: Pr= reviewed total price; Po= price in the original Contractor’s Tender; Io= index for the month of the Contract Date of the Framework Contract; Ir= index for the month in which the letter requesting a price review was received.

PRICE REVISION. 1. This Article is applicable whenever revision of the price is allowed under the Special Conditions and where the procedure therefor is not otherwise specified therein. For the purpose of this Article “price(s)” shall be taken to mean a “price”, “fee”, “rate”, “charge” as applicable in accordance with the subject matter of the Framework Contract and expressly listed in the Contractor’s Tender at Annex II. 2. The prices may be revised once a year either upwards or downwards, following the Framework Contract’s first anniversary and at the request of one of the parties. A party may request a price revision in writing no later than 3 (three) months in advance of the Contract Date anniversary. The other party must acknowledge such written request within 14 (fourteen) days of receipt. 3. If an acceptable request as per the above is made, the revised price will be calculated in accordance with the final index for the month in which the written request was received, or failing that, the last provisional index available for that month month, and the applicable formula specified at sub-paragraph (6) below. 4. Any revised pricing shall be recorded in a written addendum and enter into force on the Contract Date of the written addendum or the relevant anniversary of the Contract Date of the Framework Contract, whichever is the later. 5. The revision of the price(s) shall be determined by the trend in the harmonised indices of consumer prices (HICP) MUICP (for the Euro area) (monetary union index of consumer prices) published in the Eurostat’s monthly publication available at xxxx://xx.xxxxxx.xx/eurostat/data/database (navigate to Database - Data navigation tree – Database by themes – Economy and Finance – Prices – HICP). 6. The price revision is calculated using the following formula: Ir Pr= Po (0,2 + 0,8 ) Io where: Pr= reviewed total price; Po= price in the original Contractor’s Tender; Io= index for the month of the Contract Date of the Framework Contract; Ir= index for the month in which the letter requesting a price review was received.

PRICE REVISION. 1. This Article is applicable whenever revision of the price is allowed under the Special Conditions and where the procedure therefor is not otherwise specified therein. For the purpose of this Article “price(s)” shall be taken to mean a “price”, “fee”, “rate”, “charge” as applicable in accordance with the subject matter of the Framework Contract and expressly listed in the Contractor’s Tender at Annex II. 2. The prices may be revised once a year either upwards or downwards, following the Framework Contract’s first anniversary and at the request of one of the parties. A party may request a price revision in writing no later than 3 (three) months in advance of the Contract Date anniversary. The other party must acknowledge such written request within 14 (fourteen) days of receipt. 3. If an acceptable request as per the above is made, the revised price will be calculated in accordance with the final index for the month in which the written request was received, or failing that, the last provisional index available for that month month, and the applicable formula specified at sub-paragraph (6) below. 4. Any revised pricing shall be recorded in a written addendum and enter into force on the Contract Date of the written addendum or the relevant anniversary of the Contract Date of the Framework Contract, whichever is the later. Europol purchases on the basis of the prices in force at the date of dispatch of the Specific Contract or Purchase Order to the Contractor for signature. 5. The revision of the price(s) shall be determined by the trend in the harmonised indices of consumer prices (HICP) MUICP (for the Euro area) (monetary union index of consumer prices) published in the Eurostat’s monthly publication available at xxxx://xx.xxxxxx.xx/eurostat/data/database (navigate to Database - Data navigation tree – Database by themes – Economy and Finance – Prices – HICP). 6. The price revision is calculated using the following formula: Ir Pr= Po (0,2 + 0,8 ) Io where: Pr= reviewed total price; Po= price in the original Contractor’s Tender; Io= index for the month of the Contract Date of the Framework Contract; Ir= index for the month in which the letter requesting a price review was received.

PRICE REVISION. ‌ 1. This Article is applicable whenever revision of the price is allowed under the Special Conditions and where the procedure therefor is not otherwise specified therein. For the purpose of this Article “price(s)” shall be taken to mean a “price”, “fee”, “rate”, “charge” as applicable in accordance with the subject matter of the Framework Contract and expressly listed in the Contractor’s Tender at Annex II. 2. The prices may be revised once a year either upwards or downwards, following the Framework Contract’s first anniversary and at the request of one of the parties. A party may request a price revision in writing no later than 3 (three) months in advance of the Contract Date anniversary. The other party must acknowledge such written request within 14 (fourteen) days of receipt. 3. If an acceptable Prior to the Contract Date anniversary, if a request as per is received from the above is madeContractor, Europol will calculate the revised price will be calculated in accordance with the final index for the month in which the written request was received, or failing that, the last provisional index available for that month and the applicable formula specified at sub-paragraph (6) below. 4. Any revised pricing shall be recorded in a written addendum and enter into force on the Contract Date of the written addendum or the anniversary of the Contract Date of the Framework Contract, whichever is the later. 5. The revision of the price(s) shall be determined by the trend in the harmonised indices of consumer prices (HICP) MUICP (for the Euro area) (monetary union index of consumer prices) published in the Eurostat’s monthly publication available at xxxx://xx.xxxxxx.xx/eurostat/data/database (navigate to Database - Data navigation tree – Database by themes – Economy and Finance – Prices – HICP). 6. The price revision is calculated using the following formula: Ir Pr= Po (0,2 + 0,8 ) Io where: Pr= reviewed total price; Po= price in the original Contractor’s Tender; Io= index for the month of the Contract Date of the Framework Contract; Ir= index for the month in which the letter requesting a price review was receivedreceived by Europol.