Pricing for Program Work Clause Samples
The "Pricing for Program Work" clause defines how the costs for services or deliverables under a specific program are determined and agreed upon between the parties. Typically, this clause outlines the methods for calculating prices, such as fixed fees, hourly rates, or milestone-based payments, and may specify when and how price adjustments can occur. By clearly establishing the pricing structure, this clause ensures transparency and helps prevent disputes over payment expectations during the course of the program.
Pricing for Program Work. The above chart and PEKO proposal cover the estimated costs • It is expected that the estimated costs will be sufficient to complete the program. Upon their recognition of a change, PEKO will notify VRI if the costs for any phase are expected or are actually tracking above the estimates. VRI retains the right to reduce the scope of work or terminate the development if costs for any phase are exceeding target by more than [***]. • Extended life cycle testing past that specified above will be completed by Peko via change order to this attachment after it is fully agreed. [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
Pricing for Program Work. 5.1 [***]