Common use of PRICING MECHANISM FOR THE CALCULATION OF FRAMEWORK PRICES Clause in Contracts

PRICING MECHANISM FOR THE CALCULATION OF FRAMEWORK PRICES. Framework Prices shall be calculated using the pricing mechanism specified in Annex 1 to this Framework Schedule 3 and on the basis of the rates and prices specified in Annex 2 to this Framework Schedule 3, as more particularly set out in this Framework Schedule 3. Tables 1 to 5 of Annex 1 and Tables 1 to 5 of Annex 2 set out which pricing mechanisms which shall be used to calculate each Framework Price, which shall be one or more of the following: “Time and Materials”, in which case the provisions of Paragraph Error: Reference source not found shall apply;