Price Variation definition

Price Variation means difference in prices of items from estimated and actual, which is required to complete the Work as per the Technical Specification.
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Price Variation has the meaning given in clause 3.1(e).
Sample 1

Examples of Price Variation in a sentence

  • Nothing in this clause shall oblige you to pay for costs for a delay which have already been included in the Price or in an agreed Price Variation.

  • Ideally, in order to allow NAFC to standardise the Reference Fuel Price, if tenderers elect to apply the Fuel Price Variation model the source of the Reference Fuel Price should be the Caltex Reference Price Advice (this Advice can be made available as an email subscription service from Caltex Australia Petroleum Pty Ltd).

  • Price Escalation or Price Variation shall not be applicable or considered under any circumstances for the purchases made under this tender or agreement.

  • The Price Variation shall be based on the average Price Index of the quarter under consideration.

  • No variation to the Price shall be permitted between the Supplier and the College other than in accordance with the Price Variation Mechanism.

  • Item Description Rental Price I/I (Rs.) Place of Delivery (1) (2) (3) (4) 1/Rentals should be Exclusive of Depreciation of Donor Financed Equipment Schedule showing the names of manufacturers or suppliers whose Prices for the specified materials at the places shown against each are to form basis of payment of Price Variation, shall be substituted by the following.

  • Fuel Price Variation This clause will only be included if the Tenderer elects in their Tender to exercise the standard fuel price variation model.

  • No. Clause No. Original Description in the Document Clarification Sought by MONTECARLO Reply 1 Price Adjustment Formula We request you to provide with a list of all Supply Items on which Price Variation is As per tender condition.

  • The tendered Standing Charge for that year is $2,000.00 per day and the Price Variation Percentage is 75 i.e. it was agreed that 75% of the Standing Charge depends on the value of the AUD with respect to the USD.

  • It would be mutually beneficial, if Price Variation, as per IEEMA formulae, is adopted for this tender as against the "FIRM Price" basis.

Related to Price Variation

  • Variation means a change which is instructed by the Engineer/Employer under Sub-Clause 10.1.

  • Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Level in respect of such day.

  • the Variation Agreement means the agreement a copy of which is set out in Schedule 2. [Section 3 amended by No. 3 of 1988 s. 5.]

  • Unit Price Work means the Work, or a portion of the Work, paid for based on incremental units of measurement.

  • Day-ahead Loss Price means the Loss Price resulting from the Day-ahead Energy Market.

  • Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.

  • The Contract Price means the price payable to the Supplier under the Contract for the full and proper performance of its contractual obligations.

  • Variation Margin means, in connection with an outstanding futures contract owned or sold by the Corporation, the amount of cash or securities paid to or received from a broker (subsequent to the Initial Margin payment) from time to time as the price of such futures contract fluctuates.

  • Congestion Price means the congestion component of the Locational Marginal Price, which is the effect on transmission congestion costs (whether positive or negative) associated with increasing the output of a generation resource or decreasing the consumption by a Demand Resource, based on the effect of increased generation from or consumption by the resource on transmission line loadings, calculated as specified in Operating Agreement, Schedule 1, section 2, and the parallel provisions of Tariff, Attachment K-Appendix, section 2.

  • formal written price quotation means quotations referred to in paragraph 12 (1) (c) of this Policy;

  • Unit Price Table means the table of prices per unit set out in the Contract;

  • Total Contract Price means the total set out in "Tender Document Form: Contract Prices".

  • Locational Price Adder means an addition to the marginal value of Unforced Capacity within an LDA as necessary to reflect the price of Capacity Resources required to relieve applicable binding locational constraints.

  • Variations means the absolute value of the difference, in MWh, in any Settlement Interval between (a) DA Scheduled Energy; and (b) Delivered Energy for the Settlement Interval. [For Baseload Product only]

  • Unit Price means an amount stated in the Bid for which Bidder offers to perform the Unit Price Work for a fixed price per unit of measurement.

  • Variation Agreement means the agreement a copy of which is set out in Schedule 2;

  • Net Price means, with respect to the purchase of any Property, without duplication, (i) the aggregate purchase price paid as cash consideration for such purchase (without adjustment for prorations), including, without limitation, the principal amount of any note received or other deferred payment to be made in connection with such purchase (except as described in clause (ii) below) and the value of any non-cash consideration delivered in connection with such purchase (including, without limitation, shares or preferred shares of beneficial interest in General Partner and OP Units or Preferred OP Units (as defined in Borrower’s partnership agreement)) plus (ii) reasonable costs of sale and non-recurring taxes paid or payable in connection with such purchase or sale.