Variation of Price Clause Samples

Variation of Price a. The prices stated in the Schedule of Requirements are FIXED at 20 November 2023 price levels. The prices do not include provision beyond this date for increases or decreases in the market price of the Articles being purchased. Any such variation shall be calculated in accordance with the following formula: V = P (a+b (Oi/O0)) - P Where: V represents the variation of price P represents the FIXED price as stated in the Schedule of Requirements O represents the index Top Level SPPI, Sections H to U excl. Section K O0 represents the average OUTPUT Price Index figure for the base period Oi represents the average OUTPUT Price Index figure for the period in which variation is being made a represents the Non- Variable Element (NVE) b represents the Variable Element a+b=1 b. The Index referred to in Clause 1 above shall be taken from the following Tables: ONS - Top Level SPPI, Sections H to U excl. Section K c. Indices published with a ‘B’ or ‘F’ marker, or a suppressed value, in the last 3 years are not valid for Variation of Price clauses and shall not be used. Where the price index has an ‘F’ marker or suppression applied to it during the term of the Contract, the Authority and the Contractor shall agree an appropriate replacement index or indices. The replacement index or indices shall cover, to the maximum extent possible, the same economic activities as the original index or indices. d. In the event that any material changes are made to the indices (e.g. a revised statistical base date) during the period of the contract and before final adjustment of the final contract price, then the re-basing methodology outlined by the Office for National Statistics (ONS, the series providers) to match the original index to the new series shall be applied. e. In the event the agreed index or indices cease to be published (e.g. because of a change in the Standard Industrial Classification) the Authority and the Contractor shall agree an appropriate replacement index or indices, which shall cover to the maximum extent possible the same economic activities as the original index or indices. The methodology outlined by the Office for National Statistics used for rebasing indices (as in Clause d above) shall then be applied. f. Notwithstanding the above, any extant index / indices agreed in the Contract shall continue to be used as long as it is / they are available and subject to ONS revisions policy. Payments calculated using the extant index / indices during its / their cu...

Variation of Price. Heat Supply Please fill in the whole form excluding official use box using a black Residents Name Residents Address ball point pen and send it to: Originator's Identification Number

Variation of Price. Heat Supply

Variation of Price. N/A 23 The processes that apply to this Contract are: Contractor Representative Key Subcontractors

Variation of Price. 46.1. b.1. The prices stated in the Schedule of Requirements for option years Schedule of Requirements line Item 7-9 are fixed at year 1 price levels. The prices do not include provision beyond this date for increases or decreases in the market price of the Articles being purchased. Any such variation shall be calculated in accordance with the following formula: Formula: V= P (A+B (Oi/Oo))-P V = Variation of Price P = Agreed Payment A = Non-variable Element Will be 0.1 B = Variable element Will be 0.9 Oi = 12-month average value of price index at payment date (average value of payment month and 11 months prior) Oo = 12-month average value of price index at initial contract date (average value of initial contract month and 11 months prior) A+B will = 1 (both to be decimalised) 46.1. b.2. The index referred to in Condition 35.1 above shall be taken from the following location: ONS Publication of OUTPUT Producer Price Index K386: Fabricated Metal Products, except Machinery and Equipment. 46.1. b.

Variation of Price. 40.1 The contract price shall be unchanged for a period of two years from the commencement date. Not more than two months before the expiry of two years from the commencement date, either party may serve on the other a notice of variation of the contract price to take effect on the second anniversary of the commencement date. 40.2 The contract price shall be varied by a percentage that equals the percentage change between the opening index and the index contained within Schedule 2 (costs) for the month of the second anniversary of the commencement date. 40.3 No price variation shall be retrospective, save that the price variation may be retrospective where it has not been possible to ascertain the appropriate index before the variation is to take effect. 40.4 The Contractor may propose price reductions at any time. 1. Introduction 2. Background 3. Appeal Board membership 4. Appeal Board accommodation 5. Appeal Board administration 6. Legal advice and post-decision casework 7. Financial aspects of the contract 8. Monitoring of the contract Appendix 1: Questions to be referred to the Selected Medical Practitioner Appendix 2: Judicial review of board decisions Appendix 3: Format of reports Definitions

Variation of Price. Variation of Price 1. The prices stated in the Schedule of Requirements are FIXED at 20th April 2025 price levels. The prices do not include provision beyond this date for increases or decreases in the market price of the Articles being purchased. Any such variation shall be calculated in accordance with the following formula: V = P (a+b (Oi/O0)) - P Where: V represents the variation of price P represents the FIXED price as stated in the Schedule of Requirements O represents the index G777 - PPI INDEX OUTPUT DOMESTIC - C33 Repair and installation services of machinery and equipment O0 represents the 12-month average OUTPUT Price Index figure for the base period 20th April 2024 to 19th April 2025 (as above) Oi represents the 12-month average OUTPUT Price Index figure for the period 20th April 2024 to 19th April 2025 a represents the Non- Variable Element (NVE) b represents the Variable Element a+b=1

Variation of Price. (1) The Variation of Price formula shall be used by the Authority in relation to internal Business Case approvals to determine the VOP price. The Authority and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ shall meet to agree a price at or below the VOP price depending on market forces at the time of order impacting indices G6T3 (PPI Output) – Fabricated metal products, except machinery (includes weapons and ammunition) for Items 1-2 or G6T5 (PPI Output) – Computer, Electronic and Optical Products for Domestic Market for Item 3. The base price that applies to any VOP shall be those stipulated for the base period of 1 April 2022 to 31 March 2023. (2) The prices for 1 April 2025 onwards in the Schedule 13 Additional Buys – Additional Systems are FIXED at FY2023/2024 price levels. The prices do not include provision beyond this date for increases or decreases in the market price of the Articles being purchased. Any such variation shall be calculated in accordance with the following formula: V = P (a+b (Oi/O0)) - P Where: V represents the variation of price P represents the FIXED price as stated in the Schedule 13 Additional Buys – Additional Systems - Items 1-3 O represents the index G6T3 (PPI Output) – Fabricated metal products, except machinery (includes weapons and ammunition) for Items 1-2 or G6T5 (PPI Output) – Computer, Electronic and Optical Products for Domestic Market for Item 3 O0 represents the 12-month average OUTPUT Price Index figure for the base period 1 April 2022 to 31 March 2023 (as above) Oi represents the 12-month average OUTPUT Price Index figure for the following periods: 1 April 2024 to 31 March 2025 for the purposes of calculating FY2025/2026 prices 1 April 2025 to 31 March 2026 for the purposes of calculating FY2026/2027 prices 1 April 2026 to 31 March 2027 for the purposes of calculating FY2027/2028 prices a represents the Non- Variable Element (NVE) – 0.1 b represents the Variable Element – 0.9 a+b=1 (3) The Index referred to in Clause 1 above shall be taken from the following Tables: OUTPUT Price Index - e.g., ONS Publication MM22 Table 2 'Price Indices of UK OUTPUT: All Manufacturing and Selected Industries', or, Table 4 'Price Indices of Products Manufactured in the UK'. (4) Indices published with a ‘B’ or ‘F’ marker, or a suppressed value, in the last 3 years are not valid for Variation of Price clauses and shall not be used. Where the price index has an ‘F’ marker or suppression applied to it during the term of the Contract, the Authority and the Contractor ...

Variation of Price. The annual increase in charges may be negotiated and shall not exceed the annual percentage increase as listed in the United Kingdom retail Prices Index as at April of each year as shown in the prices table for all items excluding mortgage interest payments (RPIX) published by the UK Statistical Office in "Economic Trends" (reference CDKQ) or, if it is no longer published, the index published by any Government Department shall replace it. Any agreed increase shall be applied without variation throughout the 12 month period from 1st April to 31st March of each year. ▇▇▇▇▇▇▇ should write to the DECC Representative one month before, requesting the increase to be implemented.