New Factors Clause Samples

The "New Factors" clause defines how unforeseen or changed circumstances arising after a contract is signed are to be addressed by the parties. Typically, this clause outlines a process for notifying the other party if new information, events, or regulatory changes impact the contract's performance or obligations. For example, if a new law affects the feasibility of delivering a service, the affected party must inform the other and may trigger renegotiation or adjustment of terms. The core function of this clause is to provide a structured way to manage unexpected developments, ensuring both parties can adapt to changes without breaching the agreement.
New Factors. Without prejudice to Clause 6.3, the Company shall immediately procure that particulars of every significant new factor known to it which is capable of affecting assessment of the Placing Shares in the context of the Placing which arises between the date hereof and the last date for exercise of the Over-allotment Option pursuant to Clause 12 hereof shall be promptly provided to the Placing Agent.
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New Factors. In considering longer term arrangements SMG have identified a number of factors that influence how this matter can, and should be, progressed in the medium term. These are: • Continued recruitment and retention issues, meaning there are key vacancies in all three councils • The retirement of SBDC’s Policy and Regeneration Manager – who until September 2006 had provided most of the day to day technical leadership on growth area work • Completion of LBC’s legacy commitments work on the Luton Local Plan –freeing more resources to assist SBDC’s development plans staff on growth area work • The advent of the planned retained consultancy support contract (Halcrow), creating a need for detailed management of the use of the much enhanced capability this will provide, (this requires a dedicated single point of contact) • A conclusion drawn from officer interviews with the consultancy bidders, that one of the best medium term options for achieving integration and best value from consultancy support is to consider seconding some consultancy staff into the in house teams
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Related to New Factors

  • ADJUSTMENT FACTORS The Contractor will perform any or all Tasks in the Construction Task Catalog for the Unit Price appearing therein multiplied by the following Adjustment Factors. See the General Terms and Conditions for additional information.

  • SECONDARY FACTORS The extent of control which, by agreement, COUNTY may exercise over the details of the work is slight rather than substantial; (b) CONTRACTOR is engaged in a distinct occupation or business; (c) In the locality, the work to be done by CONTRACTOR is usually done by a specialist without supervision, rather than under the direction of an employer; (d) The skill required in the particular occupation is substantial rather than slight; (e) The CONTRACTOR rather than the COUNTY supplies the instrumentalities, tools and work place; The length of time for which CONTRACTOR is engaged is of limited duration rather than indefinite; (g) The method of payment of CONTRACTOR is by the job rather than by the time; (h) The work is part of a special or permissive activity, program, or project, rather than part of the regular business of COUNTY; (i) CONTRACTOR and COUNTY believe they are creating an independent contractor relationship rather than an employee relationship; and The COUNTY conducts public business. It is recognized that it is not necessary that all secondary factors support creation of an independent contractor relationship, but rather that overall there are significant secondary factors which indicate that CONTRACTOR is an independent contractor. By their signatures to this Agreement, each of the undersigned certifies that it is his or her considered judgment that the CONTRACTOR engaged under this Agreement is in fact an independent contractor.

  • Adjustment Factor The Bidder’s competitively bid price adjustment to the unit prices published in the Construction Task Catalog®.

  • Non pre-priced Adjustment Factor To be applied to Work determined not to be included in the CTC but within the general scope of the work: 1.1500.

  • Performance Factors (a) Each party will notify the other party of the existence of a Performance Factor, as soon as reasonably possible after the party becomes aware of the Performance Factor. The Notice will: describe the Performance Factor and its actual or anticipated impact; include a description of any action the party is undertaking, or plans to undertake, to remedy or mitigate the Performance Factor; indicate whether the party is requesting a meeting to discuss the Performance Factor; and address any other issue or matter the party wishes to raise with the other party. (b) The recipient party will provide a written acknowledgment of receipt of the Notice within 7 Days of the date on which the Notice was received (“Date of the Notice”). (c) Where a meeting has been requested under paragraph 7.2(a)(3), the parties agree to meet and discuss the Performance Factors within 14 Days of the Date of the Notice, in accordance with the provisions of section 7.3.