Contract Percentage Increase Clause Samples

A Contract Percentage Increase clause defines the terms under which the price or fees specified in a contract may be increased by a certain percentage, typically at set intervals or under specific conditions. This clause often outlines the maximum allowable increase, the timing (such as annually), and any required notice period before the adjustment takes effect. Its core practical function is to provide a clear, agreed-upon mechanism for adjusting contract values in response to factors like inflation or increased costs, thereby reducing disputes and ensuring predictability for both parties.
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Contract Percentage Increase. An increase in the percentage of an existing partial contract shall be achieved by a competitive process open to bargaining unit members with contracts less than the partial contract being offered in the specified discipline.
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Related to Contract Percentage Increase

  • Wage Increase 1. The minimum hourly wage amounts in the salary table in column I (job grades 1 up to and includ- ing 3) concern the statutory minimum wage and are adjusted in the event of an increase in the statutory minimum wage. 2. Each calendar year, in principle before 1 July, the CLA parties shall conduct talks on the adjust- ment of the (other) amounts shown in the salary table (column I, job grades 4 up to and including 6, column II and III) in article 28(2) of the CLA from 1 July of that year. 3. If an adjustment of the salary table (column I, job grades 4 up to and including 6, columns II and III) is agreed pursuant to paragraph 2 of this article, this will be applied as follows: a. The salary table (column I, job grades 4 up to and including 6, columns II and III) will be increased by the agreed percentage and b. the actual wage of the temporary agency worker will be increased by the agreed percentage from the agreed date.