Common use of Indexation Clause in Contracts

Indexation. the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary of the Framework Commencement Date. Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Period; Except as set out in this Paragraph 9, neither the Framework Prices nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35

Appears in 10 contracts

Sources: Language Services Framework Agreement, Framework Agreement, Framework Agreement

Indexation. Where the Call Off Contract Charges or any component amounts or sums thereof are expressed in this Call Off Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices Call Off Contract Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 69.1.2 of this Call Off Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Call Off Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework Commencement Dateperiod specified in paragraph 8.2 of this Call Off Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Call Off Contract Period; Except as set out in this Paragraph 9paragraph 69 of this Call Off Schedule 3, neither the Framework Prices Call Off Contract Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Contract.

Appears in 9 contracts

Sources: Call Off Contract, Call Off Contract, Call Off Contract

Indexation. Where the Call Off Contract Charges or any component amounts or sums thereof are expressed in this Call Off Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices Call Off Contract Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 69.1.2 of this Call Off Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Call Off Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework Commencement Dateperiod specified in paragraph 8.2 of this Call Off Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Call Off Contract Period; Except as set out in this Paragraph 9paragraph 69. of this Call Off Schedule 3, neither the Framework Prices Call Off Contract Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Contract.

Appears in 3 contracts

Sources: Call Off Terms for Services, Call Off Terms for Services, Occupational Health and Employee Assistance Programme Services Contract

Indexation. 3.1 Any amounts or sums in this Framework Agreement which are expressed to be “subject to indexation” shall be adjusted in accordance with the relevant adjustment shall: provisions of this Clause 3 of this Schedule 12 to reflect the effects of inflation. 3.2 The Contract Prices shall not be applied indexed during the first year following the Commencement Date. 3.3 Where the Commercial Schedule states a Contract Price is subject to Indexation then it will be indexed on the effective date of which is 1 year after the increase Commencement Date to reflect the percentage change in the relevant Framework Prices by way of Indexation UK Retail Price Index Excluding Mortgage Interest Payments (“Indexation Adjustment RPIX)/Framework or Category Specific Index] since the Commencement Date”) which . They shall be subject indexed on each following yearly anniversary to paragraph9.1.2; be determined by multiplying the relevant amount or sum by reflect the percentage increase or changes change in the Consumer UK Retail UK Retail Price Index published Excluding Mortgage Interest Payments (RPIX)/Framework or Category Specific Index] since the previous change. 3.4 Where the UK Retail Price Index Excluding Mortgage Interest Payments (RPIX)/Framework or Category Specific Index]: 3.4.1 used to carry out an indexation calculation is updated (for example due to it being provisional) then the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will indexation calculation shall also be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended updated unless the Authority and the Supplier shall agree otherwise; if the CPI Index ; 3.4.2 is no longer published, the Authority and the Supplier shall agree a fair and reasonable adjustment to replacement that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary of the Framework Commencement Date. Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Period; effect. 3.5 Except as set out in this Paragraph 9Clause 3 (Indexation), neither the Framework Prices NCIS Fee nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35obligations.

Appears in 2 contracts

Sources: Framework Agreement for the Supply of Goods and/or Provision of Services, Framework Agreement

Indexation. Where the Contract Charges or any component amounts or sums thereof are expressed in this Contract Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices Contract Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 69.1.2 of this Contract Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Contract Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework Commencement Dateperiod specified in paragraph 8.2 of this Contract Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Contract Period; Except as set out in this Paragraph 9paragraph 69 of this Contract Schedule 3, neither the Framework Prices Contract Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Contract.

Appears in 2 contracts

Sources: Contract Order Form and Contract Terms, Contract Order Form and Contract Terms

Indexation. Where the Contract Charges or any component amounts or sums thereof are expressed in this Contract Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices Contract Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 69.1.2 of this Contract Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Contract Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework Commencement Dateperiod specified in paragraph 8.2 of this Contract Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Contract Period; Except as set out in this Paragraph 9paragraph 69 of this Contract Schedule 3, neither the Framework Prices Contract Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Contract .

Appears in 2 contracts

Sources: Contract Order Form and Contract Terms for Goods and/or Services (Non Ict), Contract Order Form and Contract Terms for Goods and/or Services (Non Ict)

Indexation. Where the Lease Agreement Charges or any component amounts or sums thereof are expressed in this Lease Agreement Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices Lease Agreement Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 78.1.2 of this Lease Agreement Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Lease Agreement Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework period specified in paragraph 8.2 of this Lease Agreement Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted Lease Agreement Commencement Date. Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Lease Agreement Period; Except as set out in this Paragraph 9paragraph 78 of this Lease Agreement Schedule 3, neither the Framework Prices Lease Agreement Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Lease Agreement.

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement

Indexation. [Guidance Note: delete paragraph 8 ’Indexation’ and type “NOT USED” - if the Contract Price is not linked to Indexation]. Where the Price in this Schedule is “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices Price by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 8.1.2 of this Schedule; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Council and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Council and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Schedule 3Schedule. The earliest Indexation Adjustment Date will be the first (1st) Working Day following the second (2nd)] ) anniversary of the Framework Commencement Date. Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Contract Period; Except as set out in this Paragraph 9paragraph 8 of this Schedule, neither the Framework Prices Price nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Contract.

Appears in 2 contracts

Sources: Contract for the Provision of Goods and/or Services, Provision of Goods and/or Services

Indexation. Where the Contract Charges or any component amounts or sums thereof are expressed in this Contract Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: (a) be applied on the effective date of the increase in the relevant Framework Prices Contract Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 11.1.2 of this Contract Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Contract Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework Commencement Dateperiod specified in paragraph 8.2 of this Contract Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Contract Period; Except as set out in this Paragraph 9paragraph 11 of this Contract Schedule 3, neither the Framework Prices Contract Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Sub- Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Contract.

Appears in 2 contracts

Sources: Contract Order Form and Contract Terms, Contract Order Form and Contract Terms for Goods and/or Services (Non Ict)

Indexation. 9.1 Where the Framework Prices or any component amounts or sums thereof are expressed in this Framework Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: 9.1. 1the relevant adjustment shall: : (a) be applied on the effective date of the increase in the relevant Framework Prices by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2; paragraph 9.1.2; (b) be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls ; (c) where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority and the Supplier shall agree otherwise; ; (d) if the CPI Index is no longer published, the Authority and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Schedule 3. 9.1. The 2The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the period specified in paragraph 6.2 of this Framework Commencement DateAgreement during which the Contract Charges shall remain fixed (and no review under this paragraph 8 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Period; Except as set out in this Paragraph 9, neither the Framework Prices nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35;

Appears in 1 contract

Sources: Model Framework Agreement for Goods and/or Services (Non Ict)

Indexation. Where the Call Off Contract Charges or any component amounts or sums thereof are expressed in this Call Off Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices Call Off Contract Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 77.6.2 of this Call Off Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Call Off Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework Commencement Dateperiod specified in paragraph 8.2 of this Call Off Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Call Off Contract Period; Except as set out in this Paragraph 9paragraph 77.5 of this Call Off Schedule 3, neither the Framework Prices Call Off Contract Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Contract.

Appears in 1 contract

Sources: Call Off Contract

Indexation. 9.1 Where the Framework Prices or any component amounts or sums thereof are expressed in this Framework Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: 9.1.1 the relevant adjustment shall: : (a) be applied on the effective date of the increase in the relevant Framework Prices by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2; paragraph 9.1.2; (b) be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Retail Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls ; (c) where the published CPI RPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority and the Supplier shall agree otherwise; ; (d) if the CPI RPI Index is no longer published, the Authority and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Schedule 3. . 9.1.2 The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the period specified in paragraph 6.2 of this Framework Commencement DateAgreement during which the Contract Charges shall remain fixed (and no review under this paragraph 8 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Period; ; 9.1.3 Except as set out in this Paragraph 9, neither the Framework Prices nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Contracts.

Appears in 1 contract

Sources: Framework Agreement

Indexation. the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph Error: Reference source not found; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary of the Framework Commencement Date. Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Period; Except as set out in this Paragraph 9Error: Reference source not found, neither the Framework Prices nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35

Appears in 1 contract

Sources: Framework Agreement

Indexation. 9.1 Where the Framework Prices or any component amounts or sums thereof are expressed in this Framework Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: 9.1. 1the relevant adjustment shall: : (a) be applied on the effective date of the increase in the relevant Framework Prices by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2; paragraph 9.1.2; (b) be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls ; (c) where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority and the Supplier shall agree otherwise; ; (d) if the CPI Index is no longer published, the Authority and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Schedule 3. 9.1. The 2The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the period specified in paragraph 6.2 of this Framework Commencement DateAgreement during which the Contract Charges shall remain fixed (and no review under this paragraph 8 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Period; Except ; 9.1. 3Except as set out in this Paragraph 9, neither the Framework Prices nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements and/or Lease Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35.]

Appears in 1 contract

Sources: Framework Agreement

Indexation. Where the Call Off Contract Charges or any component amounts or sums thereof are expressed in this Call Off Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices Call Off Contract Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 11.1.2 of this Call Off Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Call Off Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework Commencement Dateperiod specified in paragraph 8.2 of this Call Off Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Call Off Contract Period; Except as set out in this Paragraph 9paragraph 11 of this Call Off Schedule 3, neither the Framework Prices Call Off Contract Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Contract.

Appears in 1 contract

Sources: Call Off Order Form

Indexation. (b) details of the movement in the different identified cost components of the relevant Framework Price; (c) reasons for the movement in the different identified cost components of the relevant Framework Price; (d) evidence that the Supplier has attempted to mitigate against the increase in the relevant cost components; and (e) evidence that the Supplier’s profit component of the relevant Framework Price is no greater than that applying to Framework Prices using the same pricing mechanism as at the Framework Commencement Date. 9.1 Where the Framework Prices or any component amounts or sums thereof are expressed in this Framework Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: 9.1.1 the relevant adjustment shall: : (a) be applied on the effective date of the increase in the relevant Framework Prices by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2; paragraph 9.1.2; (b) be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls ; (c) where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority and the Supplier shall agree otherwise; ; (d) if the CPI Index is no longer published, the Authority and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Schedule 3. . 9.1.2 The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the period specified in paragraph 6.2 of this Framework Commencement DateAgreement during which the Contract Charges shall remain fixed (and no review under this paragraph 9 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Period; ; 9.1.3 Except as set out in this Paragraph 9, neither the Framework Prices nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35.

Appears in 1 contract

Sources: Framework Agreement

Indexation. Where the Call Off Contract Charges or any component amounts or sums thereof are expressed in this Call Off Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices Call Off Contract Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 70.10.2 of this Call Off Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Call Off Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework period specified in paragraph 8.2 of this Call Off Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted Call Off Commencement Date. Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Call Off Contract Period; Except as set out in this Paragraph 9paragraph 70.9.2(f) of this Call Off Schedule 3, neither the Framework Prices Call Off Contract Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Contract.

Appears in 1 contract

Sources: Call Off Contract

Indexation. Where the Call Off Contract Charges or any component amounts or sums thereof are expressed in this Call Off Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices Call Off Contract Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 74.10.2 of this Call Off Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Call Off Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework Commencement Dateperiod specified in paragraph 8.2 of this Call Off Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Call Off Contract Period; Except as set out in this Paragraph 9paragraph 74.9.2(f) of this Call Off Schedule 3, neither the Framework Prices Call Off Contract Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Contract.

Appears in 1 contract

Sources: Managed Learning Services Call Off Contract

Indexation. All Concession Charges, Additional Charges and Ancillary Charges, including the relevant adjustment shall: be applied on the effective date Day Rates set out in Part D of the increase in the relevant Framework Prices by way of Indexation Schedule 2 (“Indexation Adjustment Date”) which Additional and Ancillary Services), shall be subject adjusted annually. The adjustment referred to paragraph9.1.2; in this paragraph 4.1 has already been applied to the Concession Charges and Day Rates set out in Table 1 in paragraph 3.1 of Schedule 4 and Table 3 in paragraph 9.1 of Schedule 2 respectively, and those rates shall apply from the Services Start Date. Further adjustments to the Concession Charges, Additional Charges and Ancillary Charges, including the Day Rates, shall be determined by multiplying the relevant amount or sum by the percentage increase or changes made each 1st April thereafter in accordance with paragraph 4.2. Such adjustment will be limited to a maximum of any increases in the Consumer Price Index published for the twelve (12CPI) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used and will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated subject to HSE’s agreement which will not be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority and the Supplier shall agree a fair and reasonable unreasonably withheld. Such adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary of the Framework Commencement Date. Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Period; Except as set out in this Paragraph 9, neither the Framework Prices nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier Provider including inflation, change to exchange rate, or Sub-Contractors change to interest rate. In respect of each of the performance Concession Charges, Additional Charges, Ancillary Charges and Day Rates, the Provider shall, by the 30th of their obligations under November 2025 and the 30th of November in each subsequent Contract Year (each such date being an “Indexation Date”) calculate such adjustment by multiplying the relevant amount or sum by any percentage increase in the CPI index for the period of twelve (12) months ending on the 31st October immediately preceding the relevant Indexation Date. Where the CPI index: used to carry out an indexation calculation is updated (for example due to it being provisional) then the indexation calculation shall also be updated unless HSE and the Provider agree otherwise; is no longer published, HSE and the Provider shall agree a fair and reasonable replacement that will have substantially the same effect. The Provider shall, after having calculated variations to, and obtained HSE agreement to adjust, the Concession Charges, Additional Charges, Ancillary Charges and Day Rates in accordance with the provisions of paragraph 4.1 above, be entitled to round up the Concession Charges, Additional Charges, Ancillary Charges and Day Rates to the nearest ▇▇▇▇▇. The Provider shall in the first Contract Year as soon as is reasonably practicable after the Effective Date inform Businesses of variations to be made to Concession Charges in accordance with this Framework Agreement paragraph 4 and any Call Off Agreements. Example based on and in subsequent Contract Years no later than the 15th of January following each indexation date inform Businesses of 1st January 2015 variations to utilise latest figuresbe made to Concession Charges in accordance with this paragraph 4. Award The Provider shall, no later than one (1) Month prior to the date referred to in paragraph 4.5, provide sufficient information to demonstrate to HSE that any variations to Concession Charges as a result of indexation have been calculated properly in accordance with the provisions of this Schedule 4. The Provider shall not notify Registered Businesses of any change in the Concession Charges until it has received written agreement from HSE that the changes have been correctly calculated, such agreement not to be unreasonably withheld or delayed. In respect of any Concession Charges payable by monthly direct debit by any person, the Provider shall be entitled to vary such monthly payment with effect from each relevant Indexation Date 1st January 2013 Price per hour notwithstanding that the relevant Indexation Date may be part way through a Registration Year applicable to that person. In the event of expiry or earlier termination of the Agreement for service any reason, HSE may require the Provider to return any Outstanding Renewal Charges to HSE or such other party as may be nominated in writing by HSE in accordance with the following provisions of this paragraph 5. At the date of expiry or earlier termination, the Provider shall provide HSE with details of Businesses that have paid their annual Renewal Charges in full in advance and those that have apportioned the payment of the annual Renewal Charges through, for example, monthly direct debits. The Outstanding Renewal Charges will be calculated for each individual Registered Business on the appropriate basis as described in paragraph 5.3.1 or 5.3.2 below. The sum total of all Outstanding Renewal Charges for all Registered Businesses shall be returned to HSE. In respect of Business Renewal Charges and New Registration Charges paid in full at point of registration or renewal, as applicable: Where: A = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 the Outstanding Renewal Charges for each individual Registered Business B = the number of paid-for days of registration remaining on the day immediately following the date of termination or expiry of this Agreement C = the Business Renewal Charges or the New Registration Charge, as applicable. In a leap year, 366 is to be used in the calculation instead of 365. In respect of Business Renewal Charges and New Registration Charges paid in monthly instalments by Direct Debit, Outstanding Renewal Charges shall be calculated in accordance with the following formula: Where: A = the Outstanding Renewal Charges for each individual Registered Business B = the number of paid-for days of registration remaining on the day immediately following the date of termination or expiry C = the number of days in the month that the Agreement is terminated or expires D = the amount paid by the Registered Business, in the month that the Agreement is terminated or expires, of (128.2 – 126.7 = 1.5i) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 the Business Renewal Charge paid by that Registered Business or, (ii) New Registration Charge For the purpose of the calculations in 5.3.1 and 5.3.2, the new Registration Charge excludes the Application Fee because this does not relate to any period that falls after the date of expiry or earlier termination. If HSE terminates the Agreement for convenience pursuant to Clause 41.7 (Termination Without Cause) and does not appoint a third party to undertake the Concession Services or services substantially similar to the Concession Services in the period of twelve (12) Months following year the following formula will date of expiry or earlier termination of this Agreement, the Provider shall subject to payment of a reasonable administration costs to be usedagreed with HSE, return the Outstanding Renewal Charges to Businesses in proportion to the Renewal Charges originally paid by such Business in respect of the relevant Contract Year. Award Any payment of Outstanding Renewal Charges by the Provider pursuant to this paragraph 5 shall be made net of any tax due in respect of such payment. The purpose of this Schedule is to enable HSE to ensure that throughout the Term: the provision of Services continues to represent value for money for Registered Businesses and Engineers; the Provider receives value for money in respect of Intra-group Services it purchases; the Provider provides Intra-group Services on commercially reasonable terms; and an appropriate mechanism is in place to monitor and apportion the Gain Share Fund as further set out in paragraphs 4 and 5 below. Provider shall, as further set out in this Schedule, put mechanisms in place and take measures to ensure, from the Effective Date 1st January 2013 Price per hour and throughout the Term, that the value for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35money and quality of the Services provided to Customers increases over time. This Schedule covers: Financial Model; Gain Share; Open Book Accounting; Benchmarking; and Continuous Service Improvement.

Appears in 1 contract

Sources: Concession Agreement

Indexation. Where the Call Off Contract Charges or any component amounts or sums thereof are expressed in this Call Off Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices Call Off Contract Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 72.10.2 of this Call Off Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Call Off Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework Commencement Dateperiod specified in paragraph 8.2 of this Call Off Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Call Off Contract Period; Except as set out in this Paragraph 9paragraph 72.9.2(f) of this Call Off Schedule 3, neither the Framework Prices Call Off Contract Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Contract.

Appears in 1 contract

Sources: Call Off Contract

Indexation. Where the Call Off Contract Charges or any component amounts or sums thereof are expressed in this Call Off Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices Call Off Contract Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 11.1.2 of this Call Off Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Call Off Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework Commencement Dateperiod specified in paragraph 8.2 of this Call Off Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Call Off Contract Period; Except as set out in this Paragraph 9paragraph 11 of this Call Off Schedule 3, neither the Framework Prices Call Off Contract Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based Contract Variations in accordance with the provisions of this Call Off Schedule 3 to all or part the Call Off Contract Charges (as the case may be) shall be made by the Customer to take effect: in accordance with Clause 22.2 of this Call Off Contract (Legislative Change) where an adjustment to the Call Off Contract Charges is made in accordance with paragraph 66.1.1 of this Call Off Schedule 3; in accordance with Clause 23.1.4 of this Call Off Contract (Call Off Contract Charges and Payment) where an adjustment to the Call Off Contract Charges is made in accordance with paragraph 66.1.2 of this Call Off Schedule 3; in accordance with Clause 18 of this Call Off Contract (Continuous Improvement) where an adjustment to the Call Off Contract Charges is made in accordance with paragraph 66.1.3 of this Call Off Schedule 3; in accordance with Clause 25 of this Call Off Contract (Benchmarking) where an adjustment to the Call Off Contract Charges is made in accordance with paragraph 66.1.4 of this Call Off Schedule 3; on the dates specified in the Call Off Order Form where an adjustment to the Call Off Contract Charges is made in accordance with paragraph 66.1.5 of this Call Off Schedule 3; on the Review Adjustment Date where an adjustment to the Call Off Contract Charges is made in accordance with paragraph 66.1.6 of this Call Off Schedule 3; on the Indexation Adjustment Date where an adjustment to the Call Off Contract Charges is made in accordance with paragraph 8.1.7 of this Call Off Schedule 3; and indexation date of 1st January 2015 the Parties shall amend the Call Off Contract Charges shown in Annex 1 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35this Call Off Schedule 3 to reflect such variations.

Appears in 1 contract

Sources: Call Off Contract

Indexation. 7.1 Where the Panel Prices or any component or sums thereof are expressed in this Panel Agreement Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: 7.1.1 The Supplier may request a variation in the Panel Prices in accordance with the remaining provisions of this paragraph 7 subject always to: (a) the Supplier's request being submitted to the Authority in writing at least three (3) Months before the Indexation Adjustment Date; (b) the Authority’s discretion to conduct a benchmarking exercise in accordance with Schedule 12 to determine whether the Supplier’s request is reasonable; (c) the Authority’s absolute right to reject any request; and (d) where a variation is agreed, the Authority’s written agreement. 7.1.2 The relevant adjustment shall: : (a) be applied on the effective date of the increase in the relevant Framework Panel Prices by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 7.1.5; and (b) be determined by multiplying applying the relevant amount or sum by following formula: NC = EC * Z where: NC is the percentage increase or changes New Charge; EC is the Existing Charge; and Z is 1 + (“Average Annual % Change in the Consumer Price Index published for the twelve (12SPPI”) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where 100 7.1.3 Where the published CPI Index figure SPPI figures at the relevant Indexation Adjustment Date is are stated to be a provisional figure figures or is are subsequently amended, that figure those figures shall apply as ultimately confirmed or amended unless the Authority and the Supplier shall agree otherwise; if otherwise in writing; 7.1.4 In the CPI Index event that any changes occur to the basis of the SPPI, or it is no longer published, the Authority and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Panel Agreement Schedule 3. 2. 7.1.5 The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework Commencement Dateperiod specified in paragraph 6.2 of this Panel Agreement during which the Panel Prices shall remain fixed. Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Panel Period; . 7.1.6 Except as set out in this Paragraph 9paragraph 7, neither the Framework Panel Prices nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Sub- Contractors of the performance of their obligations under this Framework Panel Agreement and any Call Off Agreements. Example based on Legal Services Contracts. 7.2 To make a request for a variation of the Panel Prices or any component or sums thereof in accordance with this paragraph 7, the Supplier shall provide the Authority with: 7.2.1 a list of the Panel Prices it wishes to review; 7.2.2 for each of the Panel Prices under review, written evidence of the justification for the requested increase including: (a) a breakdown of the profit and indexation date cost components that comprise the relevant Panel Price; (b) details of 1st January 2015 the movement in the different identified cost components of the relevant Panel Price; (c) reasons for the movement in the different identified cost components of the relevant Panel Price; and (d) evidence that the Supplier has attempted to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For mitigate against the following year increase in the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35relevant cost components.

Appears in 1 contract

Sources: Panel Agreement for the Provision of Rail Legal Services

Indexation. Where the Lease Agreement Charges or any component amounts or sums thereof are expressed in this Lease Agreement Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices Lease Agreement Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 70.10.2 of this Lease Agreement Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Lease Agreement Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework period specified in paragraph 8.2 of this Lease Agreement Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted Lease Agreement Commencement Date. Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Lease Agreement Period; Except as set out in this Paragraph 9paragraph 70.9.2(f) of this Lease Agreement Schedule 3, neither the Framework Prices Lease Agreement Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Lease Agreement.

Appears in 1 contract

Sources: Lease Agreement

Indexation. Where the Contract Charges or any component amounts or sums thereof are expressed in this Contract Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices Contract Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 71.10.2 of this Contract Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Contract Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework Commencement Dateperiod specified in paragraph 8.2 of this Contract Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Contract Period; Except as set out in this Paragraph 9paragraph 71.9.2(f) of this Contract Schedule 3, neither the Framework Prices Contract Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Contract.

Appears in 1 contract

Sources: Contract Order Form

Indexation. Where the Call Off Contract Charges or any component amounts or sums thereof are expressed in this Call Off Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices Call Off Contract Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 74.1.2 of this Call Off Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Call Off Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework Commencement Dateperiod specified in paragraph 8.2 of this Call Off Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Call Off Contract Period; Except as set out in this Paragraph 9paragraph 74 of this Call Off Schedule 3, neither the Framework Prices Call Off Contract Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Contract.

Appears in 1 contract

Sources: Call Off Contract

Indexation. 7.1 Where the Panel Prices or any component or sums thereof are expressed in this Panel Agreement Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: 7.1.1 The Supplier may request a variation in the Panel Prices in accordance with the remaining provisions of this paragraph 7 subject always to: (a) the Supplier's request being submitted to the Authority in writing at least three (3) Months before the Indexation Adjustment Date; (b) the Authority’s discretion to conduct a benchmarking exercise in accordance with Schedule 12 to determine whether the Supplier’s request is reasonable; (c) the Authority’s absolute right to reject any request; and (d) where a variation is agreed, the Authority’s written agreement. 7.1.2 The relevant adjustment shall: : (a) be applied on the effective date of the increase in the relevant Framework Panel Prices by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 7.1.5; and (b) be determined by multiplying applying the relevant amount or sum by following formula: NC = EC * Z where: NC is the percentage increase or changes New Charge; EC is the Existing Charge; and Z is 1 + (“Average Annual % Change in the Consumer Price Index published for the twelve (12SPPI”) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where 100 7.1.3 Where the published CPI Index figure SPPI figures at the relevant Indexation Adjustment Date is are stated to be a provisional figure figures or is are subsequently amended, that figure those figures shall apply as ultimately confirmed or amended unless the Authority and the Supplier shall agree otherwise; if otherwise in writing; 7.1.4 In the CPI Index event that any changes occur to the basis of the SPPI, or it is no longer published, the Authority and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Panel Agreement Schedule 3. 2. 7.1.5 The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework Commencement Dateperiod specified in paragraph 6.2 of this Panel Agreement during which the Panel Prices shall remain fixed. Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Panel Period; . 7.1.6 Except as set out in this Paragraph 9paragraph 7, neither the Framework Panel Prices nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Panel Agreement and any Call Off Agreements. Example based on Legal Services Contracts. 7.2 To make a request for a variation of the Panel Prices or any component or sums thereof in accordance with this paragraph 7, the Supplier shall provide the Authority with: 7.2.1 a list of the Panel Prices it wishes to review; 7.2.2 for each of the Panel Prices under review, written evidence of the justification for the requested increase including: (a) a breakdown of the profit and indexation date cost components that comprise the relevant Panel Price; (b) details of 1st January 2015 the movement in the different identified cost components of the relevant Panel Price; (c) reasons for the movement in the different identified cost components of the relevant Panel Price; and (d) evidence that the Supplier has attempted to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For mitigate against the following year increase in the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35relevant cost components.

Appears in 1 contract

Sources: Panel Agreement for the Provision of Finance and Complex Legal Services

Indexation. Where the Call Off Contract Charges or any component amounts or sums thereof are expressed in this Call Off Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices Call Off Contract Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 2.25.2 of this Call Off Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Call Off Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework Commencement Dateperiod specified in paragraph 8.2 of this Call Off Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Call Off Contract Period; Except as set out in this Paragraph 9paragraph 2.24.2(f) of this Call Off Schedule 3, neither the Framework Prices Call Off Contract Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Contract.

Appears in 1 contract

Sources: Call Off Order Form

Indexation. Where the Framework Prices or any component amounts or sums thereof are expressed in this Framework Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 61.1.2; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the period specified in paragraph 6.2 of this Framework Commencement DateAgreement during which the Contract Charges shall remain fixed (and no review under this paragraph 8 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Period; Except as set out in this Paragraph 961, neither the Framework Prices nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Contracts.

Appears in 1 contract

Sources: Framework Agreement

Indexation. 9.1 Where the Framework Prices or any component amounts or sums thereof are expressed in this Framework Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: 9.1.1 the relevant adjustment shall: : (a) be applied on the effective date of the increase in the relevant Framework Prices by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2; paragraph 9.1.2; (b) be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls ; (c) where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; ; (d) if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Schedule 3. . 9.1.2 The earliest Indexation Adjustment Date will be the (1st) Working Day following the [second (2nd)] anniversary of the Framework Commencement Date. Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Period; ; 9.1.3 Except as set out in this Paragraph 9, neither the Framework Prices nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 Agreement s.] 9.1.4 For the following year purposes of this Clause 9.1 CPI means the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 Consumer Prices Index as published by the Office of National Statistics (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇).]

Appears in 1 contract

Sources: Framework Agreement

Indexation. the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary of the Framework Commencement Date. Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Period; Except as set out in this Paragraph 9, neither the Framework Prices nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.3510.35 Variations in accordance with the provisions of this Framework Schedule 3 to all or part the Framework Prices (as the case may be) shall be made by the Authority to take effect: in accordance with Clause 19.2 (Legislative Change) where an adjustment to the Framework Prices is made in accordance with paragraph 6.1.1 of this Framework Schedule; in accordance with paragraph 3.3.3 and 4.8 of Framework Schedule 12 (Continuous Improvement and Benchmarking) where an adjustment to the Framework Prices is made in accordance with paragraph 6.1.2 of this Framework Schedule 3; or

Appears in 1 contract

Sources: Language Services Framework Agreement

Indexation. Where the Call Off Contract Charges or any component amounts or sums thereof are expressed in this Call Off Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices Call Off Contract Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 74.1.2 of this Call Off Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Call Off Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework Commencement Dateperiod specified in paragraph 8.2 of this Call Off Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Call Off Contract Period; Except as set out in this Paragraph 9paragraph 74. of this Call Off Schedule 3, neither the Framework Prices Call Off Contract Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Contract.

Appears in 1 contract

Sources: Call Off Contract

Indexation. Where the Contract Charges or any component amounts or sums thereof are expressed in this Contract Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices Contract Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 11.1.2 of this Contract Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Contract Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework Commencement Dateperiod specified in paragraph 8.2 of this Contract Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Contract Period; Except as set out in this Paragraph 9paragraph 11 of this Contract Schedule 3, neither the Framework Prices Contract Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Contract.

Appears in 1 contract

Sources: Contract Order Form and Contract Terms for Goods and/or Services (Non Ict)

Indexation. Where the Lease Agreement Charges or any component amounts or sums thereof are expressed in this Lease Agreement Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices Lease Agreement Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 69.1.2 of this Lease Agreement Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Lease Agreement Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework period specified in paragraph 8.2 of this Lease Agreement Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted Lease Agreement Commencement Date. Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Lease Agreement Period; Except as set out in this Paragraph 9paragraph 69 of this Lease Agreement Schedule 3, neither the Framework Prices Lease Agreement Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Lease Agreement. Variations in accordance with the provisions of this Lease Agreement Schedule 3 to all or part the Lease Agreement Charges (as the case may be) shall be made by the Customer to take effect: in accordance with Clause 22.2 of this Lease Agreement (Legislative Change) where an adjustment to the Lease Agreement Charges is made in accordance with paragraph 66.1.1 of this Lease Agreement Schedule 3; in accordance with Clause 23.1.4 of this Lease Agreement (Lease Agreement Charges and any Payment) where an adjustment to the Lease Agreement Charges is made in accordance with paragraph 66.1.2 of this Lease Agreement Schedule 3; in accordance with Clause 18 of this Lease Agreement (Continuous Improvement) where an adjustment to the Lease Agreement Charges is made in accordance with paragraph 66.1.3 of this Lease Agreement Schedule 3; in accordance with Clause 25 of this Lease Agreement (Benchmarking) where an adjustment to the Lease Agreement Charges is made in accordance with paragraph 66.1.4 of this Lease Agreement Schedule 3; on the dates specified in the Call Off Agreements. Example based Order Form where an adjustment to the Lease Agreement Charges is made in accordance with paragraph 66.1.5 of this Lease Agreement Schedule 3; on the Review Adjustment Date where an adjustment to the Lease Agreement Charges is made in accordance with paragraph 66.1.6 of this Lease Agreement Schedule 3; on the Indexation Adjustment Date where an adjustment to the Lease Agreement Charges is made in accordance with paragraph 66.1.7 of this Lease Agreement Schedule 3; and indexation date of 1st January 2015 the Parties shall amend the Lease Agreement Charges shown in Annex 1 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35this Lease Agreement Schedule 3 to reflect such variations.

Appears in 1 contract

Sources: Call Off Order Form and Lease Agreement

Indexation. 7.1 Where the Panel Prices or any component or sums thereof are expressed in this Panel Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: 7.1.1 The Supplier may request a variation in the Panel Prices in accordance with the remaining provisions of this paragraph 7 subject always to: (a) the Supplier's request being submitted to the Authority in writing at least three (3) Months before the Indexation Adjustment Date; (b) the Authority’s discretion to conduct a benchmarking exercise in accordance with Schedule 12 to determine whether the Supplier’s request is reasonable; (c) the Authority’s absolute right to reject any request; and (d) where a variation is agreed, the Authority’s written agreement. 7.1.2 The relevant adjustment shall: : (a) be applied on the effective date of the increase in the relevant Framework Panel Prices by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 7.1.5; and (b) be determined by multiplying applying the relevant amount or sum by following formula: NC = EC * Z where: NC is the percentage increase or changes New Charge; EC is the Existing Charge; and Z is 1 + (“Average Annual % Change in the Consumer Price Index published for the twelve (12SPPI”) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where 100 7.1.3 Where the published CPI Index figure SPPI figures at the relevant Indexation Adjustment Date is are stated to be a provisional figure figures or is are subsequently amended, that figure those figures shall apply as ultimately confirmed or amended unless the Authority and the Supplier shall agree otherwise; if otherwise in writing; 7.1.4 In the CPI Index event that any changes occur to the basis of the SPPI, or it is no longer published, the Authority and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Panel Schedule 3. 2. 7.1.5 The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework Commencement Dateperiod specified in paragraph 6.2 of this Panel Agreement during which the Panel Prices shall remain fixed. Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Panel Period; . 7.1.6 Except as set out in this Paragraph 9paragraph 7, neither the Framework Panel Prices nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Sub- Contractors of the performance of their obligations under this Framework Panel Agreement and any Call Off Agreements. Example based on Legal Services Contracts. 7.2 To make a request for a variation of the Panel Prices or any component or sums thereof in accordance with this paragraph 7, the Supplier shall provide the Authority with: 7.2.1 a list of the Panel Prices it wishes to review; 7.2.2 for each of the Panel Prices under review, written evidence of the justification for the requested increase including: (a) a breakdown of the profit and indexation date cost components that comprise the relevant Panel Price; (b) details of 1st January 2015 the movement in the different identified cost components of the relevant Panel Price; (c) reasons for the movement in the different identified cost components of the relevant Panel Price; and (d) evidence that the Supplier has attempted to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For mitigate against the following year increase in the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35relevant cost components.

Appears in 1 contract

Sources: Panel Agreement for the Provision of General Legal Services

Indexation. Where the Call Off Contract Charges or any component amounts or sums thereof are expressed in this Call Off Schedule 3 as “subject to increase by way of Indexation” the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Framework Prices Call Off Contract Charges by way of Indexation (“Indexation Adjustment Date”) which shall be subject to paragraph9.1.2paragraph 69.1.2 of this Call Off Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; The CPI index used will be "table 6a CPI All Items" ▇▇▇▇://▇▇▇.▇▇▇.▇▇/ons/rel/cpi/consumer-price-indices/may-2015/ref-table-cpi.xls where the published CPI Index figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Authority Customer and the Supplier shall agree otherwise; if the CPI Index is no longer published, the Authority Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Framework Call Off Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the second (2nd)] anniversary expiry of the Framework period specified in paragraph 8.2 of this Call Off Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted Call Off Commencement Date. Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Framework Call Off Contract Period; Except as set out in this Paragraph 9paragraph 69 of this Call Off Schedule 3, neither the Framework Prices Call Off Contract Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Framework Agreement and any Call Off Agreements. Example based on and indexation date of 1st January 2015 to utilise latest figures. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2014 128.2 Calculation December 2014 – January 2013 (128.2 – 126.7 = 1.5) Price/hour = £10 Calculation £10 X 1.015 = £10.15 therefore new rate per hour is £10.15 For the following year the following formula will be used. Award Date 1st January 2013 Price per hour for service = £10 CPI January 2013 126.7 CPI December 2015 130.2 (Estimate) Calculation December 2015 – January 2013 (130.2 – 126.7 = 3.5) Price/hour = £10 Calculation £10 X 1.035 = £10.35 therefore new rate per hour is £10.35Contract.

Appears in 1 contract

Sources: Call Off Contract