Price Escalation Clause Sample Clauses

Price Escalation Clause. Buyer and Seller acknowledge COVID 19 and other market conditions have caused dramatic material and labor shortages. Consequently, material and labor suppliers have at times substantially increased prices. Therefore, Buyer and Seller agree that if Seller experiences a $2,000 or more increase in the costs of material or labor to be used in the construction of Property, Seller may request an increase in the purchase price of Property. Buyer shall have the right to refuse the increase, and Seller shall cancel Agreement if ▇▇▇▇▇ refuses the increase subject to the terms of paragraph 4 (E) (C). ▇▇▇▇▇ agrees to accept or reject the price increase within five (5) calendar days of notification to Buyer or ▇▇▇▇▇'s agent. If Buyer does not agree to accept price increase or fails to respond by the end of the notification period, Seller shall cancel Agreement, and as mentioned elsewhere Construction Deposits are non-refundable if Agreement is cancelled. Seller shall have the right to ask for a price increase at any and all times that increases are greater than $2,000 in the costs of material or labor.

Price Escalation Clause. Buyer and Seller acknowledge COVID 19 and other market conditions have caused dramatic material and labor shortages. Consequently, material and labor suppliers have at times substantially increased prices. Therefore, Buyer and Seller agree that if Seller experiences a $2,000 or more increase in the costs of material or labor to be used in the construction of Property, Seller may request an increase in the purchase price of Property. Buyer shall have the right to refuse the increase, and Seller shall cancel Agreement if Buyer refuses the increase. Buyer agrees to accept or reject the price increase within five (5) calendar days of notification to Buyer or Buyer's agent. If Buyer does not agree to accept price increase or fails to respond by the end of the notification period, Seller shall cancel Agreement. Seller shall have the right to ask for a price increase at any and all times that increases are greater than $2,000 in the costs of material or labor.

Price Escalation Clause. Buyer and Seller acknowledge the market conditions have caused dramatic material and labor shortages. Consequently, material and labor suppliers have at times substantially increased prices. Therefore, Buyer and Seller agree that if Seller experiences a $2,000 or more increase in the costs of material or labor to be used in the construction of Property, Seller may request an increase in the purchase price of Property. ▇▇▇▇▇ agrees to accept or reject the price increase within five (5) calendar days of notification to Buyer or ▇▇▇▇▇'s agent. If Buyer does not agree to accept price increase or fails to respond by the end of the notification period, Seller shall terminate Agreement, and as mentioned elsewhere Construction Deposits are non-refundable if Agreement is terminated. Seller shall have the right to ask for a price increase at any and all times that increases are greater than $2,000 in the costs of material or labor.

Price Escalation Clause. Reserved

Price Escalation Clause. 1. Pricing on the Products shall be held firm for the Contract Term. 2. Notwithstanding the limitation in Section 3.3.1, beginning in the thirteenth month of the Contract Term, Bidder may increase the price of the Products once every twelve months if the Bidder can show evidence of corresponding price increases from its manufacturers. 3. Written approval from PSAI is required for all increases in Product pricing. Bidder must submit to PSAI its request to increase Product pricing, along with evidence of the manufacturer cost increase, such as a receipt from the manufacturer. PSAI agrees to review and respond to Bidder’s request within 30 days after receipt.

Price Escalation Clause. Contractor may request up to, but no more than, a three-percent (3%) price escalation adjustment to this contract at each time of contract renewal. There will be no price adjustments during each contract term period. The County does not guarantee price adjustments.

Price Escalation Clause. 40.1 The baseline prices are the prices in effect on the Effective Date of a Blanket Purchase order. The baseline pricing that will be used for the semiannual price review will refer to the prices established at the start of the contract or the most recently revised pricing if a price change had been triggered per the stipulations below. For example, if the contract starts in January 2023, this will be the baseline pricing used when evaluating the pricing in July 2023. (a) For the BLS indices, a minimum threshold of 1% must be reached before a price change is initiated. (b) BLS data is from the Bureau of Labor Statistics website: ▇▇▇▇▇://▇▇▇▇.▇▇▇.▇▇▇/pdq/ ▇▇▇▇▇▇▇▇▇.▇▇▇?survey=pc (c) The below shows the actual baseline price composition of the R-MAG product offer- ing. The baseline will be calculated based on the three (3) month average BLS index value. The change will be calculated based on the indices three (3) month value from the same month term as the baseline. The variation from the base multiplied by the material cost listed in the table below. A spreadsheet with the matrix and calculation for new pricing will be supplied by ABB one (1) month prior to the price change.

Price Escalation Clause. Note: If a price increase is to apply to the City’s optional contract extensions specify such in the space provided on each bid schedule. Note: If a price increase is to apply to the City’s optional contract extensions specify such in the space provided below. If no price increase is to apply, enter “0.”

Price Escalation Clause. Contractor may request up to a three-percent (3%) price increase at time of contract renewal. Price increases are not guaranteed.