Cost of Variations Clause Samples

Cost of Variations. Within 14 days of the receipt of a written Variation direction from Honeywell, the Subcontractor must provide Honeywell with a price quotation for the Variation, supported by measurements or other evidence of costs. Honeywell will value each Variation in accordance with any agreement reached between Honeywell and the Subcontractor or, where no agreement has been reached, in accordance with reasonable rates or prices (which will include a reasonable amount for profit and overheads). Any deductions will include a reasonable amount for overheads and may include a reasonable amount for profit. The relevant price will be added to or deducted from the Subcontract Sum. The Subcontractor agrees that the amount payable to the Subcontractor for a Variation will in no case exceed the amount payable to Honeywell under the Main Contract in relation to that Variation, less the sum of: 1) the percentage mark-up applied on the Subcontractor’s price by Honeywell; and 2) Honeywell’s direct costs, as submitted under the Main Contract in relation to that Variation.
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Cost of Variations. Ausgrid will not be liable for the cost of any variation (whether a minor variation or major variation) except to the extent the variation results in a change to the Ausgrid-funded assets and Ausgrid has not rejected the variation in accordance with clause 15.5. In such circumstance Ausgrid will nominate the new Ausgrid-funded sum and the provisions of clause 7.7 will apply.
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Cost of Variations. Within 14 days of the receipt of a written Variation direction from Honeywell, the Subcontractor must provide Honeywell with a price quotation for the Variation, supported by measurements or other evidence of costs. Honeywell will value each Variation in accordance with any agreement reached between Honeywell and the Subcontractor or, where no agreement has been reached, in accordance with reasonable rates or prices (“Reasonable Price”). Any deductions will include a reasonable amount for overheads and may include a reasonable amount for profit. The relevant price will be added to or deducted from the Subcontract Sum. The Reasonable Price will be valued based on the cost of necessary plant, materials or goods, labour and/or any additional equipment necessary for the execution of the Variation plus 10%. This 10% will be deemed to compensate adequately the Subcontractor in respect of all supervision, the use of equipment, overheads, profit and all other costs or damages incurred in or connected with the execution of the Variation. The Subcontractor agrees that the amount payable to the Subcontractor for a Variation under this Subcontract will in no case exceed the amount payable to Honeywell under the Main Contract in relation to that Variation, less the sum of: 1) the percentage mark-up applied on the Subcontractor’s price by Honeywell; and 2) Honeywell’s direct costs, as submitted under the Main Contract in relation to that Variation.
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Cost of Variations. (a) Where the Purchaser’s Representative has given the Supplier a direction to perform a Variation which complies with clause 11.1, the Contract Price must be adjusted by the amount calculated in accordance with clause 16. (b) The Supplier can only claim payment for a Variation under clause 15.4 or
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Cost of Variations. Where the Principal’s Representative has given the Contractor a direction to perform a Variation which complies with clause 15.2, the relevant Work Order Price must be adjusted by the amount calculated in accordance with clause 16.
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Related to Cost of Variations

  • F3 Variation The Authority may from time to time during the Contract Period, by written notice to the Contractor, request a variation of the Contract provided that such variation does not amount to a material change to it. Such a change is hereinafter called a “Variation”.

  • Price variation For each Relevant Year commencing on and from 1 April 2019, the Indexed Figures shall be adjusted in accordance with paragraph 2.7.2.

  • DISTRIBUTION OF CONTRACTOR PRICE LIST AND CONTRACT APPENDICES Contractor shall provide Authorized Users with electronic copies of the Contract, including price lists and Appendices, upon request. Contract Updates will be handled as provided in Appendix C – Contract Modification Procedures.

  • Change Orders and Contract Amendments 33.1 The Procuring Entity may at any time order the Supplier through notice in accordance GCC Clause 8, to make changes within the general scope of the Contract in any one or more of the following: a) drawings, designs, or specifications, where Goods to be furnished under the Contract are to be specifically manufactured for the Procuring Entity; b) the method of shipment or packing; c) the place of delivery; and d) the Related Services to be provided by the Supplier. 33.2 If any such change causes an increase or decrease in the cost of, or the time required for, the Supplier's performance of any provisions under the Contract, an equitable adjustment shall be made in the Contract Price or in the Delivery/Completion Schedule, or both, and the Contract shall accordingly be amended. Any claims by the Supplier for adjustment under this Clause must be asserted within twenty-eight (28) days from the date of the Supplier's receipt of the Procuring Entity's change order. 33.3 Prices to be charged by the Supplier for any Related Services that might be needed but which were not included in the Contract shall be agreed upon in advance by the parties and shall not exceed the prevailing rates charged to other parties by the Supplier for similar services.

  • Amendments - Changes/Extra Work The Subrecipient shall make no changes to this Contract without the County’s written consent. In the event that there are new or unforeseen requirements, the County has the discretion with the Subrecipient’s concurrence, to make changes at any time without changing the scope or price of the Contract.‌ If County-initiated changes or changes in laws or government regulations affect price, the Subrecipient’s ability to deliver services, or the project schedule, the Subrecipient will give County written notice no later ten (10) days from the date the law or regulation went into effect or the date the change was proposed and Subrecipient was notified of the change. Such changes shall be agreed to in writing and incorporated into a Contract amendment. Said amendment shall be issued by the County-assigned Contract Administrator, shall require the mutual consent of all Parties, and may be subject to approval by the County Board of Supervisors. Nothing herein shall prohibit the Subrecipient from proceeding with the work as originally set forth or as previously amended in this Contract.