VCE and VPC loading Sample Clauses
The 'VCE and VPC loading' clause defines how costs or charges related to Variable Cost Elements (VCE) and Variable Price Components (VPC) are calculated and applied within a contract. Typically, this clause outlines the specific items that fall under VCE and VPC, such as fuel surcharges, material price fluctuations, or other variable expenses, and details the method for adjusting payments based on changes in these elements. By establishing clear rules for how variable costs are handled, the clause ensures both parties understand how price adjustments will be made, thereby reducing disputes and providing transparency in cost management.
VCE and VPC loading where the Skills First Student:
i) meets the requirements for the Disengaged Youth loading in subclauses (b)(i) and (ii); and
ii) is undertaking training in the VCE or the VPC, for subjects reported against the VCE or VPC program codes, the ‘Subsidy’ or ‘RPL Subsidy’ will be increased by 10%; and/or