PRICING MECHANISM FOR THE CALCULATION OF FRAMEWORK PRICES. Framework Prices shall be calculated using the pricing mechanism specified in Annex 1 to this Framework Schedule 3 and on the basis of the rates and prices specified in Annex 2 to this Framework Schedule 3, as more particularly set out in this Framework Schedule 3. Table 1 of Annex 1 sets out which pricing mechanism shall be used to calculate each Framework Price, which shall be “Time and Materials”, in which case the provisions of Paragraph 3.3 of this Framework Schedule 3 shall apply. Time and Materials Where Table 1 of Annex 1 indicates that a Framework Price (as applicable) is to be calculated by reference to a Time and Materials pricing mechanism, the day rates set out in Table 1 of Annex 2 shall be used to calculate the relevant Framework Prices, provided that the Supplier (or its Sub-Contractor) shall not be entitled to include any uplift for risks or contingencies within its day rates.
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Sources: Framework Agreement, Framework Agreement, Framework Agreement