Examples of Option C in a sentence
C.3 The Quantity Surveyor and the Contractor may agree any alteration to the methods and procedures for ascertaining the amount of formula adjustment to be made under JCT Fluctuations Option C, and the amounts ascertained after the operation of such agreement shall be deemed for all the purposes of this Contract to be the amount of formula adjustment payable to or allowable by the Contractor in respect of the provisions of JCT Fluctuations Option C.
The assessment interval is monthly The interest rate is 3% per annum above the base rate in force from time to time of the Bank of England The period within which payments are made is 14 days If Option C is used • The Contractor’s share percentages and the share ranges are: Share range Contractor’s share percentage Less than 95% 10% 95% to 100% 40% 100% to 102.5% 40% Above 102.5% 100% • The Contractor prepares forecasts of Defined Cost for the works at intervals no longer than 5 weeks.
There are four guarantee options to measure and verify Savings: Option A – Retrofit-Isolation: Key Parameter Measurement, Option B – Retrofit-Isolation: All Parameter Measurement, Option C – Whole Facility, and Option D – Calibrated Simulation.
In Option C the Activity Schedule is only used as a means of arriving at the total of the Prices which becomes the ‘target’.
Option C The Employer shall make a contribution on behalf of the member equal to seven percent (7%) of the employee's base rate (for base hours).