Material Price definition

Material Price means the price for the materials based on the value of the materials as set out in the correspondence with the Customer.
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Material Price has the meaning and value given to that term in Clause 9.2.
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Material Price means the invoice price from the SUPPLIER’s subcontractor, including the SUPPLIER’s purchase costs and profit margin.
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Examples of Material Price in a sentence

  • The pricing for material will be adjusted at the time of construction based on the Material Price Index and agreement with the company.

  • Due to extreme volatility in construction material prices, the base bid listed above is based upon all of the materials for the Project, including the materials and prices listed in Section 00 43 27 "Material Price Breakdown Form".

  • In addition to the completed Material Price Breakdown Form, bidder shall submit with your bid documentation of the current material prices listed in the Material Price Breakdown Form as of the time of bidding in the form of current quotes or invoices from the manufacturer or supplier.

  • The formula for calculating the Total Inflation Amount in respect of a Certificate is: MPI is the Material Price inflation amount for a Certificate, calculated in accordance with Part 3.

  • For the purposes of this Section 2.9(a), the Renewed Contract shall be deemed to be on materially the same terms as the Existing Contract unless any of the Saudi Aramco Services have not been included in the Renewed Contract or there occurs a Saudi Aramco Material Price Reduction.

  • If Seller requests a temporary price increase, Seller will permit Sears’ independent auditors to audit Seller’s books and records relating to the Material Price Increase, including all applicable supply contracts and hedging transactions, to verify the amount and cause of the Material Cost Increase and the proposed price increase.

  • The Parties further agree that for purposes of Section 9, the BOM Value (as defined in Sections 9.2.2 and 9.4.3), of such Materials purchased from Veraz shall be calculated using an amount equal to the Veraz Existing Material Price before adding the [*]%, i.e. the value of such Material.

  • Material prices in this Agreement and material caps as per Annex 3 – Pricing are valid until First Material Price Adjustment Date as specified in the Section 26 of Annex 3 – Engine Maintenance Agreement, and shall be automatically adjusted each year from Recurrent Materials Price Adjustment Date as per Section 27 of Annex 3 – Engine Maintenance Agreement in accordance with the Engine OEM annual adjustment index.

  • Monthly price adjustments for Goods will occur based on changes in ODOT’s Monthly Asphalt Cement Material Price (MACMP) index, which is published on ODOT’s website each month: ▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇/ODOT/Business/Pages/Asphalt-Fuel-Price.aspx.

  • Bidders who wish to potentially utilize the Material Price Change Allowance shall submit this form in conjunction with their bid form.


More Definitions of Material Price

Material Price has the meaning set forth in Section 3.04(d).
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