Price Variation definition
Examples of Price Variation in a sentence
Buyers are therefore advised to include the Price Variation Clause (PVC) in the bid document through ATC for long term contracts.
Where the contract period is more than 6 months, compensation/ recovery for price variation in respect of diesel, and ‘other components’ will be effected as per Price Variation formula provided in the Special Terms & Conditions.
No ceiling on the Price Variation payment either for decrease or increase in prices in case of civil works.
Price Variation on material component, pest control, housekeeping & horticulture: No escalation of Material component will be allowed during the contract period.
It is advisable to include Price Variation Clause in the long term contracts to take care of the increase/decrease in prices of various ingredients which majorly affect the overall price of the service.
Nothing in this clause shall oblige you to pay for costs for a delay which have already been included in the Price or in an agreed Price Variation.
Price Escalation or Price Variation shall not be applicable or considered under any circumstances for the purchases made under this tender or agreement.
If the delivery of the material is within the scheduled delivery period, the Price Variation applicable will be based on the actual delivery.
The price variation is applicable for Transmission Line Tower Parts, Substation Structures, Cables, Isolators and Conductors in materials schedule and the calculation of Price Variation is as below.
Ideally, in order to allow NAFC to standardise the Reference Fuel Price, if tenderers elect to apply the Fuel Price Variation model the source of the Reference Fuel Price should be the Caltex Reference Price Advice (this Advice can be made available as an email subscription service from Caltex Australia Petroleum Pty Ltd).