Cost Escalation Sample Clauses

Cost Escalation. A. The Purchaser/s hereby agree/s and confirm/s that the purchase price of the said flat is fixed on the basis of the prevailing cost at the time of reservation of flat, the cost of steel, cement and other construction materials as well as the amenities, which will be provided while constructing and developing said properties and putting up construction of the towers and providing said flat; however, in the event of there being any substantial escalation in the price of cement, steel and other construction materials and/or labour charges as well as the amenities provided in the said flat, in that event the Developers will be entitled to seek escalation in the price of sale of the said flat in proportion to the escalation in price of the construction material/larbour charges and cost of amenities which will be utilized by the Developers while carrying out the development work. B. The Purchaser/s hereby agree/s and confirm/s that the allotment of the flat was made by the Developers when location clearance was given to the Developers for carrying out Rental Housing Scheme on the properties described in the Schedule hereunder written; however, due to technical reasons and the delay in finalizing the Rental Housing Scheme by the State Government, the entire project for development of the said properties was delayed, which was beyond the control of the Developers. The Purchaser/s hereby agree/s and confirm/s that due to the said delay in breach caused while granting the said permission by the State Government, the price of various construction materials such as steel, metal, cement and other construction materials, which are used by the Developers have substantially increased and in view thereof the Purchaser/s has/have agreed that there is a substantial increase in the cost of the construction cost, the Purchaser/s shall be liable to pay additional cost and accordingly the Purchaser/s has/have agreed that in the event of any such escalation in the said construction work, said escalation cost of the material shall be paid by the Purchaser/s and accordingly agreed that on or before taking possession of the premises, which will be handed over by the Developers, the Purchaser/s shall pay the said amount to the Developers without raising any objection of whatsoever nature. C. The Purchaser/s hereby agree/s and confirm/s that the address of the Purchaser/s for all communication and for effecting service of the notice is at , E-Mail : , Mobile No. and SMS and for all ...

Cost Escalation. The Corporation may meet any cost overrun of the projects except where such escalation is because of factors beyond the control of the Corporation like delay in alienation of land for the project, delay in finalization of plan by the requisitioning agency, delay in receipt of administrative approval and substantial modification to plans requiring major structural changes and for the reasons not attributable to the Corporation. The requisitioning authority shall also bear differential cost in the event of upward rise of the schedule of rates, increase in price of cement, steel and bitumen as per Government of Odisha, Works Department Letter No. 5608/W, dt. 03.04.2007.

Cost Escalation. Costs in this Agreement shall remain fixed for the first twelve (12) months. Thereafter, not withstanding installation of new versions, cost may only be increased by the Vendor delivering to the Customer, not less than thirty (30) Calendar Days prior to the effective annual payment date, a written notification of such increase, AND then only within the limitations cap provided in Section 9.0 of this Software Maintenance Agreement.

Cost Escalation. The Joint Parties agree to use an escalation rate of 1.106 for escalating labor expenses from 2001 dollars to 2004 dollars. For escalating non-labor O&M expenses, the Joint Parties mutually agree to use 1.076. The labor, non-labor and other expense allocations for purposes of escalating from 2001 dollars to 2004 dollars are set forth in Attachment D hereto.

Cost Escalation. The original proposed billing rates are based on 2024 dollars, and do not include escalations for future years. The escalation clause included in the City’s standard agreement allows increases to billing rates. To help the City plan for these future escalations, we have included a relatively conservative escalation of 5% per year to plan for the future. Escalation contingency tasks include: 1. To be finalized following determination of 2025 activities. 1. To be finalized following determination of 2026 activities.

Cost Escalation. The material costs component of this agreement has been calculated based on current market prices for materials. However, these prices are volatile, and sudden price increases or lack of available inventory may occur during performance of this agreement. Should after execution of this agreement an increase in the costs of materials and/or a lack of available materials occur, Customer hereby agrees that Dialum S.A. shall be entitled to an equitable adjustment to the agreement price and time. Any claim by Dialum S.A. for an equitable adjustment in price and time shall be made pursuant to materials adjustment notice to Customer. The lack of available inventory of materials shall not be considered an event causing delay to the project or delivery schedule (if any) for any reason.

Cost Escalation. Each Construction Contractor shall pay the cost of any material or labor escalation required for the Work to be properly completed.