Examples of Adjustment Formula in a sentence
Attachment: Price Adjustment Formula If, in accordance with GCC 16.2, prices shall be adjustable, the following method shall be used to calculate the price adjustment: 16.2 Prices payable to the Supplier, as stated in the Contract, shall be subject to adjustment during performance of the Contract to reflect changes in the cost of labor and material components in accordance with the formula: P1 = P0 [a + bL1 + cM1] - P0L0 M0 a+b+c = 1in which: P1 = adjustment amount payable to the Supplier.
They have also declared their intention to carry on future exploration and development by IOCs on the traditional PSA model.
Calculations of the Acquisition Price Adjustment Formula will be made in yen to the first decimal place and any fractional amounts rounded down to the nearest yen.
However, when calculating the acquisition price upon the occurrence of an event requiring adjustment of the acquisition price using the Acquisition Price Adjustment Formula, the unadjusted acquisition price after deduction of the difference will be used in place of the unadjusted acquisition price in the Acquisition Price Adjustment Formula.
The Contract Price Adjustment Formula in accordance with Part C 1.2 Contract Data.