ADJUSTMENT OF THE FRAMEWORK PRICES Clause Samples
The "Adjustment of the Framework Prices" clause establishes the conditions under which the prices set in a contract may be revised during its term. Typically, this clause outlines specific triggers for price changes, such as inflation, changes in market indices, or variations in the cost of raw materials, and may set limits on the frequency or magnitude of adjustments. Its core practical function is to ensure that the contract remains fair and sustainable for both parties by allowing prices to reflect significant economic changes, thereby reducing the risk of disputes or financial imbalance over time.
POPULAR SAMPLE Copied 3 times
ADJUSTMENT OF THE FRAMEWORK PRICES. 4.1 The Framework Prices shall only be varied:
4.1.1 due to a Specific Change in Law in relation to which the Parties agrees that a change is required to all or part of the Framework Prices in accordance with Clause 32.2 of the Framework Agreement;
4.1.2 where the Parties agree a reduction in all or part of the Framework Prices in accordance with paragraph 4.2 below; or
4.1.3 where a review of the Framework Prices is requested and agreed by the Parties, in accordance with the provisions of paragraph 5 of this Framework Agreement Schedule 3 (Charging Structure).
4.2 Every six (6) Months during the Term from the Commencement Date, the Supplier shall assess the level of the Framework Prices to consider whether it is able to reduce them. Such assessments shall be carried out on 1 June and 1 November in each Contract Year (or in the event that such dates do not, in any Contract Year, fall on a Working Day, on the next Working Day following such dates). To the extent that the Supplier is able to decrease all or part of the Framework Prices it shall promptly notify the Authority in writing and such reduction shall be implemented in accordance with paragraph 6 below.
ADJUSTMENT OF THE FRAMEWORK PRICES. 5.1 The Framework Prices shall only be varied:
5.1.1 due to a Specific Change in Law in relation to which the Parties agree that a change is required to all or part of the Framework Prices in
5.1.2 where all or part of the Framework Prices are reviewed and reduced in accordance with Framework Schedule 12 (Continuous Improvement and Benchmarking);
5.1.3 where all or part of the Framework Prices are reviewed and reduced in accordance with paragraph 6 of this Framework Schedule 3 (Supplier Periodic Assessment of Framework Prices); or
5.1.4 where a review and increase of Framework Prices is requested by the Supplier and Approved, in accordance with the provisions of paragraph 7 of this Framework Schedule 3 (Supplier Request For Increase of the Framework Prices)
5.2 Subject to paragraphs 5.1.1 to 5.1.4 of this Framework Schedule, the Framework Prices will remain fixed for the Initial Framework Period.
ADJUSTMENT OF THE FRAMEWORK PRICES. The Framework Prices shall only be varied: due to a Specific Change in Law in relation to which the Parties agree that a change is required to all or part of the Framework Prices in accordance with Clause 19.2 of this Framework Agreement (Legislative Change); where all or part of the Framework Prices are reviewed and reduced in accordance with Framework Schedule 12 (Continuous Improvement and Benchmarking); where all or part of the Framework Prices are reviewed and reduced in accordance with paragraph 7 of this Framework Schedule 3 (Supplier Periodic Assessment of Framework Prices); where a review and increase of Framework Prices is requested by the Supplier and Approved, in accordance with the provisions of paragraph 8 of this Framework Schedule 3 (Supplier Request For Increase Of The Framework Prices); or where Framework Prices or any component amounts or sums thereof are expressed in this Framework Schedule as “subject to increase by way of Indexation”, in accordance with the provisions in paragraph 9 of this Framework Schedule 3 (Indexation). Subject to paragraphs 6.11 to 6.13 of this Framework Schedule, the Framework Prices will remain fixed for the first two (2) Contract Years.
ADJUSTMENT OF THE FRAMEWORK PRICES. 7.1. The Framework Prices shall only be varied:
7.1.1. due to a Specific Change in Law in relation to which the Parties agree that a change is required to all or part of the Framework Prices in accordance with Clause 29.2 of the Framework Agreement;
7.1.2. where the Parties agree a reduction in all or part of the Framework Prices in accordance with paragraph 8.2 below; or
7.1.3. pursuant to the provisions of Framework Schedule 7 (Value for Money).
7.2. Every six (6) Months during the Framework Term from the Framework Commencement Date, the Supplier shall assess the level of the Framework Prices to consider whether it is able to reduce them. Such assessments shall be carried out on 1 May and 1 December in each Framework Year (or in the event that such dates do not, in any Framework Year, fall on a Working Day, on the next Working Day following such dates). To the extent that the Supplier is able to decrease all or part of the Framework Prices it shall promptly notify the Authority in writing and such reduction shall be implemented in accordance with paragraph 9 below.
ADJUSTMENT OF THE FRAMEWORK PRICES. The Framework Prices shall only be varied:
ADJUSTMENT OF THE FRAMEWORK PRICES. The Framework Prices shall only be varied: due to a Specific Change in Law in relation to which the Parties agree that a change is required to all or part of the Framework Prices in accordance with Clause 19.2 of this Framework Agreement (Legislative Change); where all or part of the Framework Prices are reviewed and reduced in accordance with Framework Schedule 12 (Continuous Improvement and Benchmarking); where all or part of the Framework Prices are reviewed and reduced in accordance with paragraph 4 of this Framework Schedule 3 (Supplier Periodic Assessment of Framework Prices);or In accordance with amendments to Agenda for Change pay rates made by NHS Employers as described in paragraph 6 below.
ADJUSTMENT OF THE FRAMEWORK PRICES. The Framework Prices shall only be varied: due to a Specific Change in Law in relation to which the Parties agree that a change is required to all or part of the Framework Prices in accordance with Clause 19.2 of this Framework Agreement (Legislative Change); where all or part of the Framework Prices are reviewed and reduced in accordance with Framework Schedule 12 (Continuous Improvement and Benchmarking); where all or part of the Framework Prices are reviewed and reduced in accordance with paragraph 7 of this Framework Schedule 3 (Supplier Periodic Assessment of Framework Prices); NOT USED NOT USED
ADJUSTMENT OF THE FRAMEWORK PRICES. 2.1 The Framework Prices shall only be varied where a review of the Framework Prices is requested and agreed by the Parties, in accordance with the provisions of this Schedule 2 Price Schedule.
2.2 Framework Prices will be reviewed every year (12 months).
ADJUSTMENT OF THE FRAMEWORK PRICES. The Framework Prices shall only be varied: due to a Specific Change in Law in relation to which the Parties agrees that a change is required to all or part of the Framework Prices in accordance with Clause 32.2 of the Framework Agreement; where the Parties agree a reduction in all or part of the Framework Prices in accordance with paragraph 12.2 below; or [where a review of the Framework Prices is requested and agreed by the Parties, in accordance with the provisions of paragraph 13 of this Framework Schedule 3]
ADJUSTMENT OF THE FRAMEWORK PRICES. The Framework Prices shall only be varied: due to a Specific Change in Law in relation to which the Parties agree that a change is required to all or part of the Framework Prices in accordance with Clause 18.2 of this Framework Agreement (Legislative Change); where all or part of the Framework Prices are reviewed and reduced in accordance with Framework Schedule 12 (Continuous Improvement and Benchmarking); where all or part of the Framework Prices are reviewed and reduced in accordance with paragraph 5 of this Framework Schedule 3 (Supplier Periodic Assessment of Framework Prices); or where a review and increase of Framework Prices is requested by the Supplier and Approved, in accordance with the provisions of paragraph 6 of this Framework Schedule 3 (Supplier Request For Increase Of The Framework Prices). Subject to paragraphs57.1.1 to 57.1.3 of this Framework Schedule, the Framework Prices will remain fixed for the Initial Framework Period.