Escalation/De-escalation Clause Sample Clauses

Escalation/De-escalation Clause. In the event that prevailing market conditions warrant an adjustment in bid prices contained in the contract, the following escalation/de- escalation clause shall be the only clause applicable or acceptable:
Sample 1Sample 2Sample 3See All (111)
AutoNDA by SimpleDocs
Escalation/De-escalation Clause. In the event of a product cost increase, an escalation request will be reviewed by this office and approved by State Purchasing on an individual basis. Please be aware this measure is not intended to allow any increase in profit margin, only to compensate for an actual cost increase. Price decreases as well shall apply. If the vendor’s prices are reduced for any reason, users shall receive the benefit of such reductions. Price increases and/or decreases will not be retroactive to orders already in-house or back-ordered. Orders will be filled at the price in effect of the date of the receipt of the order by the awarded vendor. All requests for price increases must include the following information from the vendor:
Sample 1Sample 2Sample 3See All (8)
Escalation/De-escalation Clause. All prices set forth in Attachment B shall be firm against any increase for the applicable performance period and any transition period for this Agreement.
Sample 1Sample 2Sample 3See All (4)
Escalation/De-escalation Clause. The rates quoted by the tenderer shall remain firm during the currency of the contract including extended period also, except increase/decrease in the minimum wages of the unskilled labour notified by central Govt / M.P. govt whichever is higher. The escalation on account of increase in the minimum wages shall be compensated to the contractor as per the formula indicated below: Escalation: Billed Amount X65/100X(Escalated minimum wages–Min.wages on technical bid opening date) Minimum wages on technical bid opening date De-escalation: Billed Amount X65/100X(Min.wages on technical bid opening date–De-escalated Min.wages) Minimum wages on technical bid opening date The central Govt / M.P govt.( whichever is higher) notifies minimum wages of labour from time to time. The above formula for escalation willbeused for the minimum wages prevailing at the time of opening of tender (Technical bid). “Escalation/De-escalation shall be calculated on the minimum wages declared in the notifications issued by centralGovt/ M.P govt. as applicable on the date of opening of tender. Even if the notification is issued at a later date, it shall be considered from retrospective effect and the same shall be the basis for calculations” Once the price Bids are opened, NFL under no circumstances will entertain any correspondence regarding offer of reduction in rates etc. of any kind by the tenderer unless specifically asked by NFL. Along with the quotation, the tenderers should submit an undertaking that they would abide by the terms of contract detailed in our NIT.
Sample 1
Escalation/De-escalation Clause. Pricing offered must be held firm for the first term of the contract. The State will, however, allow the awarded supplier (s) to submit annual price adjustment requests prior to any subsequent renewals. The price adjustment request must be submitted at least sixty (60) days before the contract renewal date. Any approved increase will not exceed the percentage increase as shown on the Producer Price Index (PPI) – for Textile Fabrics (Commodity Code: 313310-P, 313310-B, 313310-4, 313310-41, and 313310-43) and must be substantiated by documentation justifying the increase. Subsequently, the State expects any market reductions to be passed along to the State, If the previously cited index changes or is discontinued, the State will select the next appropriate index on which price adjustments will be based.
Sample 1
Escalation/De-escalation Clause. Pricing offered must be held firm for the first term of the contract. The State will, however, allow the awarded supplier (s) to submit annual price adjustment requests prior to any subsequent renewals. The price adjustment request must be submitted at least sixty (60) days before the contract renewal date. Any approved increase will not exceed the percentage increase as shown on the Produce Price Index (PPI) – for Offender Blankets (Commodity Code: 80512) and must be substantiated by documentation justifying the increase. Subsequently, the State expects any market reductions to be passed along to the State. If the previously cited index changes or is discontinued, the State will select the next appropriate index on which price adjustments will be based.
Sample 1
Escalation/De-escalation Clause. All prices offered shall be firm against any increase for (1) year from the effective date of the contract. Thirty (30) days prior to renewal, SCCPSS may entertain a request for escalation in an award extension in accordance with the most recently published Producer Price Index at the time the Bidder responds to a request for extension. For purposes of this section, PPI Index: 56-1720 – Custodial Supplies as published by the United States of Department of Labor, Bureau of Labor Statistics will be the benchmark. SCCPSS reserves the right to accept or reject the request for a price increase. If the price increase is approved, the price will remain firm for the one
Sample 1
AutoNDA by SimpleDocs
Escalation/De-escalation Clause. All prices set forth in Schedule A shall be firm against any increase for the performance period and any transition period for this Agreement. Ninety days (90) days prior to end of the performance period and before any renewal of a resulting of any contract by the District, the District may entertain a request from the Contractor for the escalation (increase) in the price listed in Schedule A in any subsequent, renewal contract. The basis for this price increase request will be a cost increase to the Contractor that exceeds ten percent (10%) of the price listed in Attachment “A” of this Agreement. Price increase requests will be considered only if the Contractor provides to the District a letter from the manufacturer or supplier on the manufacturer’s/supplier’s letterhead with an authorized signature and date, confirming the Contractor’s increased cost. The letter shall state the current manufacturer’s/supplier’s price along with the manufacturer’s/supplier’s increased price. In response to this request for a price increase, the District may agree to the price increase requested by the Contractor, the District may agree to a price increase in some amount but less than the amount requested by the Contractor, the District may decline to approve any price increase, or the District may decide to no longer order the product from Contractor. Any changes to the goods ordered and the price set forth in Schedule A of this Agreement may only be accomplished though the execution of a new written agreement between the District and the Contractor or through a written modification to this Agreement, to the extent allowed by Georgia law. Any such written agreement or written modification to this Agreement must be recommended by the Director of the School Nutrition Program, and the Superintendent, or her designee, to the District’s governing body, the elected School Board, and subsequently approved by the elected School Board. Any price changes will go into effect as provided in any such written agreement or written modification to this Agreement approved by the School Board.
Sample 1
Escalation/De-escalation Clause. Fixed fee costs may also be set aside by the Department because of labor strikes, drastic escalations in fuel costs (20% plus or minus), or drastic escalation of freight costs (20% plus or minus). The Department will allow for fixed fee increase (or decrease) based on increases or decreases in the consumer price index for all urban consumers (CPI-U), adjusted for geographic region, and subject to legislative approval and appropriation. If the adjusted CPI-U increases, the Contractor may submit a written request for an increase to the fixed fee prior to September 1 of each year. However, the amount of the increase will not exceed the adjusted CPI-U for the 12-month period ending June 30 of the same year. If the CPI-U decreases, the Department will notify the Contractor in writing by September 1 of each year if the Department plans to seek a decrease in the fixed fee. However, the amount of the decrease may not exceed the adjusted services CPI-U for the 12-month period ended June 30 of the same year. Any requested increase to the fixed fee will be reflected in the Department’s annual Legislative Budget Request and subject to Legislative approval and appropriation. Any increase to the contract will be effective on the date specified in the appropriation. If the appropriation does not specify an effective date, the increase to the fixed fee will be effective on July 1 of the year in which the appropriation is made. Any decrease to the fixed fee will be automatically effective at the beginning of the next contract year and will not require legislative approval.
Sample 1

Related to Escalation/De-escalation Clause

  • PRICE ESCALATION/DE-ESCALATION (CPI) The County may allow a price escalation provision within this award. The original contract prices shall be firm for an initial one (1) year period. A price escalation/de-escalation will be considered at one (1) year intervals thereafter, provided the Contractor notifies the County, in writing, of the pending price escalation/de-escalation a minimum of sixty (60) days prior to the effective date. Price adjustments shall be based on the latest version of the Consumers Price Index (CPI-U) for All Urban Consumers, All Items, U.S. City Average, non-seasonal, as published by the U.S. Department of Labor, Bureau of Labor Statistics. This information is available at xxx.xxx.xxx. Price adjustment shall be calculated by applying the simple percentage model to the CPI data. This method is defined as subtracting the base period index value (at the time of initial award) from the index value at time of calculation (latest version of the CPI published as of the date of request for price adjustment), divided by the base period index value to identify percentage of change, then multiplying the percentage of change by 100 to identify the percentage change. Formula is as follows: Current Index – Base Index / Base Index = % of Change % of Change x 100 = Percentage Change CPI-U Calculation Example: CPI for current period 232.945 Less CPI for base period 229.815 Equals index point change 3.130 Divided by base period CPI 229.815 Equals 0.0136 Result multiplied by 100 0.0136 x 100 Equals percent change 1.4% A price increase may be requested only at each time interval specified above, using the methodology outlined in this section. To request a price increase, Contractor shall submit a letter stating the percentage amount of the requested increase and adjusted price to the Orange County Procurement Division. The letter shall include the complete calculation utilizing the formula above, and a copy of the CPI-U index table used in the calculation. The maximum allowable increase shall not exceed 4%, unless authorized by the Manager, Procurement Division. All price adjustments must be accepted by the Manager, Procurement Division and shall be memorialized by written amendment to this contract. No retroactive contract price adjustments will be allowed. Should the CPI-U for All Urban Consumers, All Items, U.S City Average, as published by the U.S. Department of Labor, Bureau of Labor Statistics decrease during the term of the contract, or any renewals, the Contractor shall notify the Orange County Procurement Division of price decreases in the method outlined above. If approved, the price adjustment shall become effective on the contract renewal date. If the Contractor fails to pass the decrease on to the County, the County reserves the right to place the Contractor in default, cancel the award, and remove the Contractor from the County Vendor List for a period of time deemed suitable by the County. In the event of this occurrence, the County further reserves the right to utilize any options as stated herein.

  • Non-Escalation Unless otherwise specified within the RFP documents, the unit prices reflected on the contract shall remain firm with no provision for price increases during the term of the contract.

  • TERMINATION CLAUSE In the event Contractor fails to carry out or comply with any of the terms and conditions of this Agreement, Hastings reserves the right to demand correction of any breach or default within ten (10) calendar days of notice to Contractor. In the event Contractor fails to correct the failure or default within the specified ten (10) day period, Hastings may terminate the Agreement without additional notice. Failure to terminate this Agreement is not to be deemed a waiver of the breach or default. Upon termination, Hastings shall compensate Contractor for Work rendered within thirty (30) days of termination of this Agreement.

  • DURATION CLAUSE A. This Agreement shall govern the rights of the Board and the Association from July 1, 2021, through June 30, 2022. This Agreement shall not be extended orally and it is expressly understood that it shall expire on the date indicated.

  • Escalation Cap In a single year of the Contract, the maximum price increase for each individual item on contract shall not exceed the lesser of two (2%) percent of the Contractor’s current NYS pricing as found in the OGS Centralized Contract or the percent increase in the latest available National Consumer Price Index - All Urban Consumers (CPI-U), Not Seasonally Adjusted, U.S. City Average, All Items (Series Id: CUUR0000SA0, CUUS0000SA0); as published by the U.S. Department of Labor, Bureau of Xxxxx Xxxxxxxxxx, Xxxxxxxxxx, X.X. 00000. CPI-U data may be obtained at xxx.xxx.xxx.

  • Escalation Procedure Tentative Rates for those species and products listed in A4a are subject to quarterly escalation in accordance with the following pro- cedures: The calendar quarter index average for each price index described in A5 is the arithmetic average of the three such monthly price indices preceding January 1, April 1, July 1, and October 1. The difference between calendar quarter index average and Base Index listed in A4a shall be the basis for quarterly escalation. To arrive at Current Contract Rates for timber Scaled during the preceding calendar quarter, Tentative Rates for each species shall be reduced or increased by such difference, except when the calendar quarter index average is:

  • Escalation If parties are unable to resolve the issue in a timely manner, as specified above, either Sourcewell or Supplier may escalate the resolution of the issue to a higher level of management. The Supplier will have 30 calendar days to cure an outstanding issue.

  • Review Clause Taking account of the volume of trade in agricultural and fishery products between the Parties, of their particular sensitivities, of the rules of the Community common policies and of the policies for agriculture and fisheries in Serbia of the role of agriculture and fisheries in the economy of Serbia, of the consequences of the multilateral trade negotiations in the framework of the WTO as well as of the eventual accession of Serbia to the WTO, the Community and Serbia shall examine in the Stabilisation and Association Council, no later than three years after the entry into force of this Agreement, product by product and on an orderly and appropriate reciprocal basis, the opportunities for granting each other further concessions with a view to implementing greater liberalisation of the trade in agricultural and fishery products.

  • Emergency Escalation Escalation is strictly for purposes of notifying and investigating possible or potential issues in relation to monitored services. The initiation of any escalation and the subsequent cooperative investigations do not in themselves imply that a monitored service has failed its performance requirements. Escalations shall be carried out between ICANN and Registry Operators, Registrars and Registry Operator, and Registrars and ICANN. Registry Operators and ICANN must provide said emergency operations departments. Current contacts must be maintained between ICANN and Registry Operators and published to Registrars, where relevant to their role in escalations, prior to any processing of an Emergency Escalation by all related parties, and kept current at all times.

  • Emergency Escalation initiated by ICANN Upon reaching 10% of the Emergency thresholds as described in Section 6 of this Specification, ICANN’s emergency operations will initiate an Emergency Escalation with the relevant Registry Operator. An Emergency Escalation consists of the following minimum elements: electronic (i.e., email or SMS) and/or voice contact notification to the Registry Operator’s emergency operations department with detailed information concerning the issue being escalated, including evidence of monitoring failures, cooperative trouble-­‐shooting of the monitoring failure between ICANN staff and the Registry Operator, and the commitment to begin the process of rectifying issues with either the monitoring service or the service being monitoring.

Time is Money Join Law Insider Premium to draft better contracts faster.