Examples of Unit Price Adjustment in a sentence
Example of adjustment calculation: Base Index= 109.88* Adjusting Index = 112.72* Less base index = 109.88 Change to index = 2.84 Divide change to index by base index = 2.84 / 109.88 = .02585 (2.585%)** Multiply by the base unit price = $50.00 x .02585 = $1.29*** = Unit Price Adjustment Adjusted unit price = $51.29 *In computing the base and adjusting indexes, the contracting officer will round the resulting figure to the second decimal place.
Unit Price Adjustment: Refer to Division 01 Section "Unit Prices" for administrative procedures for preparation of Change Order Proposal for adjusting the Contract Sum to reflect measured scope of unit price work.
Failure to submit a CPM schedule update to the Engineer within two calendar days of its due date, will result in a Contract Unit Price Adjustment.
Example of adjustment calculation: Base Index=109.88* Adjusting Index =112.72* Less base index =109.88 Change to index =2.84 Divide change to index by base index =2.84 / 109.88 = .02585 (2.585%)** Multiply by the base unit price =$50.00 x .02585 = $1.29*** = Unit Price Adjustment Adjusted unit price =$51.29 *In computing the base and adjusting indexes, the contracting officer will round the resulting figure to the second decimal place.
Example of adjustment calculation: Base Index = 109.88* Adjusting index = 112.72* Less base index = 109.88 Change to index = 2.84 Divide change to index by base index = 2.84 / 109.88 = .02585 (2.585%)** Multiply by the base unit price = $50.00 x .02585 = $1.29*** = Unit Price Adjustment Adjusted unit price = $51.29 * In computing the base and adjusting indexes, the resulting figure shall be rounded to the second decimal place.
Total of Lump Sum Amount and Unit Price Work (subject to final Unit Price Adjustment) $124,450.00.
Adjustment to Contract Compensation for each lot will be made using the table entitled “Adjustment to Contract Compensation for Exceeding Final Surface Grade Tolerance” by entering the appropriate row with the percentage of all measurements within a lot which exceed the grade tolerance, measured in accordance with 1.04 E.11, and reading the number under the column headed “Contract Unit Price Adjustment Factor”.
When the Engineer elects to adjust Contract compensation in lieu of correcting areas with deficiencies in surface smoothness, the Contract Unit Price Adjustment Factor specified in 4.01 H will set at 0.10.
Adjustment to Contract Compensation for each lot will be made using the table entitled “Adjustment to Contract Compensation for Surface Smoothness”, by entering the appropriate row with the Profile Index, measured and calculated in accordance with 1.04 E.10., and reading the number under the column headed “Contract Unit Price Adjustment Factor”.
ADJUSTMENT TO CONTRACT COMPENSATION FOR EXCEEDING FINAL SURFACE GRADE TOLERANCEMeasurements Exceeding Grade Tolerance (Percent)Contract Unit Price Adjustment Factor0.0 – 5.005.1 – 10.00.0510.1 – 15.00.2515.1 and upCorrective Work Required as specified in 3.03 D.