Common use of Adjustment Factor Clause in Contracts

Adjustment Factor. The adjustment factor is: FCON An adjustment factor (FCON) (see Framework for the determination of professional fees for consulting services) (see Annexure 2) used in the calculation of the fee percentage to reflect factors such as risk, productivity, efficiency, locality, local knowledge, particular methods or systems for delivering services, level of expenses that are not recoverable, alignment of services with scope of work etc. University of Zululand

Appears in 8 contracts

Sources: Framework Agreement for Landscape Architectural Services, Framework Agreement for Cost Management Services, Framework Agreement for Architectural Services