Examples of P0 in a sentence
If the currency in which the Contract Price P0 is expressed is different from the currency of origin of the labor and material indices, a correction factor will be applied to avoid incorrect adjustments of the Contract Price.
If the currency in which the Contract price, P0, is expressed is different from the currency of the country of origin of the labor and/or materials indices, a correction factor will be applied to avoid incorrect adjustments of the Contract price.
The correction factor shall be: Z0/Z1, where, Z0=the number of units of currency of the origin of the indices which equal to one unit of the currency of the Contract Price P0 on the Base date, and Z1=the number of units of currency of the origin of the indices which equal to one unit of the currency of the Contract Price P0 on the Date of Adjustment.
If the currency in which the Contract Price P0 is expressed is different from the currency of origin of the labour and material indices, a correction factor will be applied to avoid incorrect adjustments of the Contract Price.
Otherwise the difference P0 minus P1 shall constitute the amount to the recovered from the contractor as de-escalation.
P0 = Contract Price (base price).a = fixed element representing profits and overheads included in the Contract Price and generally in the range of five (5) to fifteen percent (15%).b = estimated percentage of labor component in the Contract Price.
Direct comments regarding this burden estimate or any aspect of this form to the Chief, Administrative Services Division, National Park Service, P.0. Box 37127, Washington, DC 20013-7127; and the Office of Management and Budget, Paperwork Reductions Project (1024-0018), Washington, DC 20503.
The setting of (P0, alpha, closed loop index) is also associated with UL or (if applicable) joint TCI stateAlt2.
The setting of (P0, alpha, closed loop index) is neither associated with nor included in UL or (if applicable) joint TCI stateAlt4.
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.