Common use of COMMODITY PRICE Clause in Contracts

COMMODITY PRICE. The Commodity Price shall be calculated in accordance with this paragraph 3. A Contracting Authority shall require the Supplier to provide the following pricing options for the Commodity Price per Fuel Type: Daily lagged pricing based on the close price on the Working Day immediately preceding the day of delivery of that fuel type (“Daily Lagged Price”) or Weekly lagged pricing calculated on the first Working Day of each week in which the delivery is to take place according to the mean average of each of the Daily Lagged Prices for that Fuel Type from the previous week (“Weekly Lagged Price”). The method of pricing shall be chosen by the Contracting Authority during the Further Competition Procedure. The method for calculating the Daily Lagged Price of Commodity Prices for Unleaded Petrol (ULSP) is as follows: P = (((A/B) / C) x95.2499%) + ((D x E)/F)) x 4.7501% +G Where P = is Commodity Price being the net price of the Fuel Type for the day it was delivered to the Contracting Authority in ▇▇▇▇▇ per litre (excluding VAT).

COMMODITY PRICE. The Commodity Price shall be calculated in accordance with this paragraph 315. A Contracting Authority Body shall require the Supplier to provide the following pricing options for the Commodity Price per Fuel Type: Daily lagged pricing based on the close price on the Working Day immediately preceding the day of delivery of that fuel type Fuel Type (“Daily Lagged Price”) calculated pursuant with paragraphs 15.4 to 15.7 (as applicable) below; or Weekly lagged pricing calculated on the first Working Day of each week in which the delivery is to take place according to the mean average of each of the Daily Lagged Prices for that Fuel Type from the previous week (“Weekly Lagged Price”). The method of pricing shall be chosen by the Contracting Authority Body during the Further Competition Procedure. The method for calculating the Daily Lagged Price of Commodity Prices for Unleaded Petrol (ULSP) is as follows: P = (((A/B) / C) x95.2499%) + (((D x E)/F)E)/F)/C) x 4.7501% +G Where P = is Commodity Price being the net price of the Fuel Type for the day it was delivered to the Contracting Authority Body in ▇▇▇▇▇ per litre (excluding VAT).