OLD PRICE shall have the meaning specified in Section 2.6.
OLD PRICE means the price charged by FHPC to its wholesale customers for Products immediately preceding the institution of a New Price.
Examples of OLD PRICE in a sentence
The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Index/Base Period Index).
Then take Old Price Discount % / Price Escalation/De-escalation Rate = New Price Discount % (rounded to two decimal points).
The Old Price is multiplied by the Price De-escalation/Escalation Rate to determine if a price reduction or increase is warranted.
The Old Price is multiplied by the Price Escalation Rate to determine the New Price.
The economic adjustment shall be calculated as follows and use the PPI data in the below chart: New Price = Old Price x (Current Period Index/Base Period Index).
More Definitions of OLD PRICE
OLD PRICE x “Price Escalation Rate” = New Price (rounded up to the nearest %) Calculation: 119.9 ÷ 117.9 = 1.0169 which equates to a Price Escalation Rate of 1.69% $50.00 (unit price) x 1.0169 = $50.85 (New unit price for this product) Feb 2013 is the second year anniversary of this contract Old PPI: Jan 2012 PPI for Mail Equipment = 119.9 New PPI: Jan 2013 PPI for Mail Equipment = 116.4
OLD PRICE x “Price Escalation Rate” = New Price (rounded up to the nearest %) Calculation: 116.4 ÷ 119.9 = -3.5 which equates to a Price De- Escalation Rate of 3.5% $50.85 (unit price 2012) x -3.5 = $49.07 (New unit price for 2013)
OLD PRICE x “Price Escalation Rate” = New Price Calculation:
OLD PRICE x “Price Escalation Rate” = New Price The last published non-preliminary monthly value of the Producer Price Index prior to award of the contract will be the reference date for the beginning (old) PPI Index. The most recent published Producer Price Index prior to the contract year to be priced will establish the reference data for the New PPI Index. Increases claimed by the Contractor in accordance with this formula must be documented by the Contractor to the Department’s satisfaction at least 30 calendar days prior to the requested effective date of the increase. The Department may require a decrease by the amount of the PPI decrease from the last PPI published prior to award of the contract and during any renewal period. The price escalation / de-escalation formula will be tied to the change in the Industry Producer Price Index (PPI) for Product: Cover & text papers & misc. uncoated freesheet (Series: WPU09130144). The formula is calculated by dividing the New PPI Index by the Old PPI Index to identify the Price Escalation Rate. The Old Price is multiplied by the Price Escalation Rate to determine the New Price. This formula applies after Year 1 of the contract and on each subsequent anniversary of the contract effective date. The maximum price escalation for a given year will be 5% per year. Exceptions can be considered with appropriate manufacturer's or wholesaler's documentation, subject to Department approval. Submittal of pricing adjustment requests does not imply approval or acceptance. The department is not obligated to accept pricing adjustment requests and reserves the right to accept or reject requests in part or in whole. Price Escalation Example: Year 1 Pricing per Carton = $22.00 April 2003 is the first year anniversary of the contract Old PPI: April 2002 PPI for Commercial Printing = 143.4 New PPI: April 2003 PPI for Commercial Printing = 145.8 Price Escalation / De-escalation Formula: New PPI / Old PPI = Price Escalation Rate
OLD PRICE x “Price Escalation Rate” = New Price Calculation: 143.4/148.4 = .9663 (rounded) Price Escalation Rate $22.00 x .9663 = $21.26 New Price Year 2 New Pricing per Carton = $21.26 Therefore, the factor to adjust prices for the items would be – 3.37% (neg.) for Year 2. Data extracted on: February 19, 2010 (2:05:52 PM) Details on how this PPI has historically performed can be found at the Bureau of Labor Statistics web site: Bureau of Labor Statistics Data Click the Data Bases & Tables TAB. Under the Producer Price Index PPI Commodity Data -- Seasonal (Screen 1 of 4), Check Not Seasonally Adjusted Box and click the “Next form” button. Under the PPI Commodity Data -- Group (Screen 2 of 4), Choose Group: 09 Pulp, Paper, and Allied Products and click the “Next form” button. Under the PPI Commodity Data -- Item (Screen 3 of 4), Choose Group: 130144 Cover and text papers & misc. uncoated freesheet and click the “Next form” button. In this screen, PPI Commodity Data -- Year (Screen 4 of 4), your query has been narrowed to 1 series: WPU 09130144 so now click the “Retrieve data” button. The current Table may be seen below. Newsroom | Tutorials | Release Calendar Producer Price Index Industry Data Data extracted on: February 24, 2010 (2:04:41 PM) Producer Price Index-Commodities Series Id: WPU09130144 Not Seasonally Adjusted Group: Pulp, paper, and allied products Item: Cover & text papers & misc. uncoated freesheet Base Date: 199912 Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual 2000 100.2 101.4 103.4 104.2 104.0 103.4 103.8 103.6 103.8 103.9 104.0 104.0 103.3 2001 104.0 104.0 107.0 107.1 106.1 104.6 105.2 104.6 104.1 103.8 103.5 103.6 104.8 2002 103.8 103.0 102.9 103.3 103.6 103.4 103.9 103.4 103.2 103.2 103.3 104.0 103.4 2003 103.6 103.9 103.3 104.1 104.5 104.0 104.2 104.4 104.0 103.9 104.1 103.8 104.0 2004 103.9 103.7 103.6 108.0 107.6 108.5 108.5 108.8 109.5 110.1 110.8 110.0 107.7 2005 110.5 112.9 112.6 112.7 113.0 113.4 113.1 112.7 113.9 113.7 112.8 112.8 112.8 2006 114.0 114.0 114.0 114.0 114.0 114.9 114.9 116.7 120.4 120.4 120.9 120.9 116.6 2007 120.9 120.9 120.9 120.9 121.4 121.4 121.0 120.4 122.3 122.4 125.8 125.2 122.0 2008 125.6 125.2 125.6 129.8 130.9 130.1 130.4 129.5 131.9 132.4 134.9 135.1 130.1 2009 134.9 134.9 130.5 129.6 129.0 128.2 126.0 124.1 124.2 124.6(P) 124.6(P) 125.0(P) 128.0(P) 2010 125.7(P) P : Preliminary. All indexes are subject to revision four months after original publication.
OLD PRICE means the price calculated under Section 10.1 and related provisions of the LSA.
OLD PRICE means the price charged by Ligand to its wholesale customers immediately preceding the institution of a New Price.