Common use of Rate Redetermination for Environmental Modification Clause in Contracts

Rate Redetermination for Environmental Modification. In the event of a contract modification under B8.33 or partial termination under B8.34, Contracting Officer shall make an appraisal to determine for each species the difference between the appraised unit value of Included Timber remaining immediately prior to the revision and the ap- praised unit value of Included Timber to be cut under the modification. Current Contract Rates in effect at the time of the revision will be adjusted by said differences to become the redeter- mined rates. Accordingly, Base Rates shall be adjusted to correspond to the redetermined rates if redetermined rates are less than the original Base Rates, subject to a new Base Rate limitation of the cost of essential reforestation or 25 cents per hundred cubic feet or equivalent, whichever is larger. Redetermined rates and Required Deposits shall be considered established under B3.1 for timber Scaled subsequent to the contract revision.

Rate Redetermination for Environmental Modification. In the event of a contract modification under B8.33 BT8.33 or partial termination under B8.34BT8.34, Contracting Officer shall make an appraisal to determine for each species the difference between the appraised unit value of Included Timber remaining immediately prior to the revision and the ap- praised unit value of Included Timber to be cut under the modification. Current Contract Rates in effect at the time of the revision will be adjusted by said differences to become the redeter- mined rates. Accordingly, Base Rates shall be adjusted to correspond to the redetermined rates if redetermined rates are less than the original Base Rates, subject to a new Base Rate limitation of the cost of essential reforestation or 25 cents per hundred cubic feet or equivalent, whichever is larger. Redetermined rates and Required Deposits shall be considered established under B3.1 BT3.1 for timber Scaled subsequent removed subse- quent to the contract revision.