Price Adjustment definition
Examples of Price Adjustment in a sentence
The provisions of the Contract will apply (subject to any Variation or adjustment to the Contract Price pursuant to clause C3 Price adjustment on extension of the Initial Contract Period] throughout any such extended period.
The notice must state the basis of the objection and must be accompanied by a statement that any Contract Price adjustment claimed is the entire adjustment to which the objecting party has reason to believe it is entitled to as a result of the determination.
If the New Environmental Approval is associated with a VE, the costs of obtaining and complying with the terms of the New Environmental Approval shall be considered in determining the Price adjustment under Section 22.
Refer to Sections 12.1.4 and 15.9 regarding a Price adjustment to be made in certain circumstances if the effective date of the NTP1 is later than 180 days after the Proposal Due Date, and regarding DB Contractor’s remedies for certain delays in issuance of NTP1 beyond 365 days after the Effective Date.