Indexing. 3.1 Subject to Paragraphs 2.1.2 and 2.1.3, the Charges will remain fixed for a period of one year following the Commencement Date. 3.2 The Supplier may request a variation in the Charges in accordance with the remaining provisions of this Paragraph 3 subject always to: 3.2.1 the Supplier's request being submitted at least three months before the effective date for the proposed variation ("Adjustment Date"); 3.2.2 the cap on any increase set out in Paragraph 3.6 below; and 3.2.3 the agreement of the Authority. 3.3 The earliest Adjustment Date for any increase in the Charges in accordance with this Paragraph 3 will be the first Working Day following the first anniversary of the Commencement Date. Thereafter any subsequent increase in accordance with this Paragraph 3 shall not occur before the anniversary of the previous Adjustment Date. 3.4 In order to make a request for a variation of the Charges in accordance with this Paragraph 3, the Supplier shall provide the Authority with written evidence of the basis for the requested increase in the form of a breakdown of the movement in the different cost elements which comprise the Charges. 3.5 Subject always to the Authority's agreement and the cap set out in Paragraph 3.6 below, the Charges will be varied by application of the following formula: NC = EC * X where: NC = New Charge EC = Existing Charge X = 1 + (% change in CMP Index) 100 For the purposes of this Framework Agreement:
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Sources: Goods and Services Framework Agreement, Goods and Services Framework Agreement, Framework Agreement
Indexing. 3.1 Subject to Paragraphs 2.1.2 and 2.1.3, the Charges will remain fixed for a period of one year following the Commencement Date.
3.2 The Supplier may request a variation in the Charges in accordance with the remaining provisions of this Paragraph 3 subject always to:
3.2.1 the Supplier's request being submitted at least three months before the effective date for the proposed variation ("Adjustment Date");
3.2.2 the cap on any increase set out in Paragraph 3.6 below; and
3.2.3 the agreement of the Authority.
3.3 The earliest Adjustment Date for any increase in the Charges in accordance with this Paragraph 3 will be the first Working Day following the first anniversary of the Commencement Date. Thereafter any subsequent increase in accordance with this Paragraph 3 shall not occur before the anniversary of the previous Adjustment Date.
3.4 In order to make a request for a variation of the Charges in accordance with this Paragraph 3, the Supplier shall provide the Authority with written evidence of the basis for the requested increase in the form of a breakdown of the movement in the different cost elements which comprise the Charges.
3.5 Subject always to the Authority's agreement and the cap set out in Paragraph
3.6 below, the Charges will be varied by application of the following formula: NC = EC * X where: NC = New Charge EC = Existing Charge Charge
X = 1 + (% change in CMP Index) 100 For the purposes of this Framework Agreement:
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