Fixed Price Framework Prices Clause Samples

The 'Fixed Price Framework Prices' clause establishes that the prices for goods or services under a framework agreement are set and will not change during the term of the agreement. This means that, regardless of fluctuations in market rates or supplier costs, the agreed-upon prices remain constant for all orders placed within the framework period. By locking in prices, this clause provides budget certainty for the buyer and protects both parties from unexpected cost increases, ensuring financial predictability and simplifying contract administration.
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Fixed Price Framework Prices. 3.4.1 Where Table 1 of Annex 1 indicates that a Framework Price is to be calculated by reference to a Fixed Price pricing mechanism, the relevant Framework Price shall be the amount set out against that Framework Price in Table 2 of Annex 2.
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Fixed Price Framework Prices. [Guidance Note: Prior to the commencement of the Framework Agreement, the Authority will populate this table with the relevant information from the Supplier’s tendered prices in the Tender if a Fixed Price pricing mechanism has been used]
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Fixed Price Framework Prices. For all prices refer to supplier pricing bid Schedule 20 Framework Lot 1 Fixed Framework Price (£) [e.g. M3] NOT USED [e.g. SC3] [e.g. OSC1] Framework Lot 6 Fixed Framework Price (£) [e.g. M3] NOT USED [e.g. SC3] [e.g. OSC1]
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Related to Fixed Price Framework Prices

  • FRAMEWORK PRICES Variations in accordance with the provisions of this Framework Schedule 3 to all or part the Framework Prices (as the case may be) shall be made by the Authority to take effect: in accordance with Clause 19.2 (Legislative Change) where an adjustment to the Framework Prices is made in accordance with paragraph 6.1.1 of this Framework Schedule; in accordance with paragraph 3.3.3 and 4.8 of Framework Schedule 12 (Continuous Improvement and Benchmarking) where an adjustment to the Framework Prices is made in accordance with paragraph 6.1.2 of this Framework Schedule 3; or

  • ADJUSTMENT OF THE FRAMEWORK PRICES 4.1 The Framework Prices shall only be varied: 4.1.1 due to a Specific Change in Law in relation to which the Parties agrees that a change is required to all or part of the Framework Prices in accordance with Clause 32.2 of the Framework Agreement; 4.1.2 where the Parties agree a reduction in all or part of the Framework Prices in accordance with paragraph 4.2 below; or 4.1.3 where a review of the Framework Prices is requested and agreed by the Parties, in accordance with the provisions of paragraph 5 of this Framework Agreement Schedule 3 (Charging Structure). 4.2 Every six (6) Months during the Term from the Commencement Date, the Supplier shall assess the level of the Framework Prices to consider whether it is able to reduce them. Such assessments shall be carried out on 1 June and 1 November in each Contract Year (or in the event that such dates do not, in any Contract Year, fall on a Working Day, on the next Working Day following such dates). To the extent that the Supplier is able to decrease all or part of the Framework Prices it shall promptly notify the Authority in writing and such reduction shall be implemented in accordance with paragraph 6 below.

  • Fixed Price An Authorized User Agreement shall be awarded on a fixed-price basis only. As such, the Contractor shall complete all project Deliverables indicated in the final negotiated Authorized User Agreement, without any increase in cost to the Authorized User. If the Contractor resources required to complete such work are more than the Contractor agreed to in the Mini-Bid, these additional resources must be provided to the Authorized User at no additional cost.

  • Unit Prices If unit prices are stated in the Contract Documents or subsequently agreed upon, and if the quantities originally contemplated are so changed in a Change Order that application of the agreed unit prices to the quantities of work proposed will cause substantial inequity to the Owner or the Contractor, the applicable unit prices shall be equitably adjusted as provided in the Special Conditions or as agreed to by the parties and incorporated into the Change Order.

  • Economic Price Adjustment is the adjustment to the Aircraft Basic Price (Base Airframe, Engine and Special Features) as calculated pursuant to Exhibit D.