Price adjustment clause supply contract
A price adjustment clause (PAC) is a contractual mechanism that allows a contractor to be at least partially protected against material or fuel price increases that may occur between the contract award and the execution of the work. Development and Use of Price Adjustment Contract Provisions: Date: December 10, 1980: a price adjustment clause is being inserted into this contract to provide for either additional compensation to the contractor, or credit to the State, depending upon an increase or decrease in the average price of (material or supply); or Association This Supply Contract Annual Price Adjustment clause is from the contract involving SCIELE PHARMA, INC.. RealDealDocs contains millions of easily searchable legal documents and clauses from top law firms. Search our Legal Agreements or our Contract Clause Library for free. The price adjustment clause of a contract should identify the index or group of indexes selected by providing complete titles and identifying codes. Please note that there is no single index titled "The Producer Price Index." The term "Producer Price Index" refers to a family of indexes compiled by the Bureau of Labor Statistics.
Procurement Rules & Regulations 2009 Clause 6.3.2.1: Adjustments in These shall be applicable only in the cases of works & supply contracts of more than 12 contract, no price adjustments shall be allowed for the works & supplies made
703. 9-12. Fair Labor Standards Act and Service Contract Act — Price Adjustment . 703. 9-13 Clause B-7: Responsibility for Supplies (March 2006). Except as upward adjustment in purchase contract prices. Obviously, the buyer relying for a gas supply upon contracts containing such indefinite escalation clauses and. some thoughts on material price escalation clauses in construction contracts— what is adjusted to stay even with, but not ahead of, market contract prices and larger project costs. E. Stolen supply contracts) and not generally considered. 1 Apr 2019 Asian LNG contract issues, including price adjustments, have been formal price review clauses, and certainly no price review arbitrations. Asian LNG contracts (for supplies to Japan and South Korea at that time)5 sought Purchase Price Adjustment Clause Raises Issues That The Parties Should. Address . Patterson Dental Supply, Inc., No. 5:06-CV-213, 2007 Adjustment Clause is an arbitration agreement and the proceeding is one governed by the law of. 21 Mar 2019 Within a contract there are many clauses related to price adjustments, services due to a combination of inflation, supply/demand, and other
fluctuations for commodity groups or specific supplies. (i) Price adjustments pursuant to this clause shall be made by contract modification showing the
29 Dec 2014 the contractor assumes this risk by agreeing to provide supplies or services to price, the contractor generally cannot, absent some provision for price Economic price adjustment clauses themselves can be of three types, 18 Nov 2016 The Adjustment of Purchase Price clause of an asset purchase agreement provides for the purchase price to be be increased or decreased Price Adjustments. Prices shall be adjusted as may be required to compensate for cost increases to the Supplier. Supplier shall provide Buyer with written notice of such price adjustments at least 30 days prior to the date any such price adjustment is to become effective.
Price Adjustments. Amendments to the Specifications or the Quality Agreement requested by Santarus will only be implemented following a technical and cost
703. 9-12. Fair Labor Standards Act and Service Contract Act — Price Adjustment . 703. 9-13 Clause B-7: Responsibility for Supplies (March 2006). Except as upward adjustment in purchase contract prices. Obviously, the buyer relying for a gas supply upon contracts containing such indefinite escalation clauses and. some thoughts on material price escalation clauses in construction contracts— what is adjusted to stay even with, but not ahead of, market contract prices and larger project costs. E. Stolen supply contracts) and not generally considered. 1 Apr 2019 Asian LNG contract issues, including price adjustments, have been formal price review clauses, and certainly no price review arbitrations. Asian LNG contracts (for supplies to Japan and South Korea at that time)5 sought Purchase Price Adjustment Clause Raises Issues That The Parties Should. Address . Patterson Dental Supply, Inc., No. 5:06-CV-213, 2007 Adjustment Clause is an arbitration agreement and the proceeding is one governed by the law of. 21 Mar 2019 Within a contract there are many clauses related to price adjustments, services due to a combination of inflation, supply/demand, and other
The Contracting Officer shall modify this contract (1) to include the price adjustment and its effective date and (2) to revise the labor rates (including fringe benefits) or unit prices of material as shown in the Schedule to reflect the increases or decreases resulting from the adjustment. The Contractor shall continue performance pending agreement on, or determination of, any adjustment and its effective date.
8 Nov 2017 Are you a business that can supply products and services in support of The various economic price adjustment clauses are in subsection 5-C of the If the original contract or firm base price includes a discount factor, from (a) The Contractor shall notify the Contracting Officer if, at any time during (c) Any price adjustment under this clause is subject to the following limitations: (i) Supplies or services for which the production cost is not affected by such changes 8 Sep 2010 216.203-4 Contract clauses. (1) Generally, use the clauses at FAR 52.216-2, Economic Price Adjustment--Standard Supplies, FAR 52.216-3, 10 May 2018 Commonly, the adjustment clauses include an adjustment formula as a variables during the contract, and the impact in price as the variables implement the contract clause as the basis for an economic price Adjustment— Semistandard Supplies. contractor delivered the last unit of supplies and.
A price adjustment clause (PAC) is a contractual mechanism that allows a contractor to be at least partially protected against material or fuel price increases that may occur between the contract award and the execution of the work. The economic price adjustment is an $8,150.00 increase. Conclusion: In the situation described above, if the purchaser had not included the EPA clause and therefore the supplier kept in his 30% contingency on the material for the two year period, the 1st shipment would have cost $1,075,000 or an increase of $66,850 over the adjusted price with the EPA clause. Price Increase Sample Clauses Price Increase . In the event AMD sells an FCO Product to a Customer or Channel Partner in an amount that is in excess of the RSP for such Product, the Purchase Price shall be automatically increased to an amount equal to **** of the actual sales price of such Product. The Contracting Officer shall modify this contract (1) to include the price adjustment and its effective date and (2) to revise the labor rates (including fringe benefits) or unit prices of material as shown in the Schedule to reflect the increases or decreases resulting from the adjustment. The Contractor shall continue performance pending agreement on, or determination of, any adjustment and its effective date. Supply Agreement. This Supply Sales Agreement is made on [AGREEMENT DATE] (the "Effective Date") between [PARTY A NAME], [whose principal place of residence is at / a [CORPORATE JURISDICTION] corporation with its principal place of business at [PARTY A ADDRESS]] (the "[PARTY A ABBREVIATION]") and [PARTY B NAME], [whose principal place of extend a contract, or to change the scope of work (but only those changes that significantly affect the labor standards requirements). When this modification is issued for a fixed-price contract, the contract price may be adjusted under FAR Clause 52.222-43, Fair Labor Standards Act and Service Contract Act – Price Adjustment (Multiple Two triggers for adjustments under the PRC. Two types of events will trigger the Price Reduction Clause. The first is relatively straightforward: GSA and the contractor base the federal supply schedule pricing on a commercial price list, catalog, schedule, or similar document.