Variations Exceeding 15 Per Cent Clause Samples

The "Variations Exceeding 15 Per Cent" clause sets out procedures and rights when the total value of contract variations surpasses 15% of the original contract sum. Typically, this clause allows either party to request an adjustment to the contract price, timeline, or other terms if the cumulative changes significantly alter the scope of work. For example, if numerous change orders or modifications are issued and their combined value exceeds the 15% threshold, the contractor or client may be entitled to renegotiate certain aspects of the agreement. The core function of this clause is to protect both parties from substantial, unforeseen changes that could unfairly impact costs or obligations, ensuring the contract remains equitable as the project evolves.
Variations Exceeding 15 Per Cent. (CL 6. 1 1) In sub-clause 50.1.3 omit the words "15 per cent" and replace with "'20 per cent"
Variations Exceeding 15 Per Cent. 6.11.1 Second paragraph: Change “15%” to “30%”. 6.11.2 Variations exceeding 30% per cent
Variations Exceeding 15 Per Cent. 6.11.1 Second paragraph: Change “15%” to “30%”. 6.11.2 Variations exceeding 30% per cent APPOINTMENT OF PROFESSIONAL CONTRACTOR FOR CONSTRUCTION OF INTERNAL ROADS & STORMWATER IN REAGILE EXT 6 & 7 APPOINTMENT OF PROFESSIONAL CONTRACTOR FOR CONSTRUCTION OF INTERNAL ROADS & STORMWATER IN REAGILE EXT 6 & 7

Related to Variations Exceeding 15 Per Cent

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains the existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation. 2. If the employee chooses to vacate the position or does not meet the skills and abilities requirements of the position, the layoff procedure specified in Article 31 of this Agreement applies.

  • Step Increases (a) The following is the method used to determine service credit, since the last date of hire, for purposes of positioning on the salary range: i) all continuous service shall be retained and transferred with the employee if she/he changes her/his status from full-time to part- time and vice versa. ii) a part-time employee who changes status to full-time will be given credit on the basis of fifteen hundred (1500) paid hours of part- time being equivalent to one (1) year of full-time service and vice versa. iii) in addition, an employee who is so transferred will be given credit for paid hours accumulated since the date of last advancement. (b) Annual increments for full-time employees shall be paid on their anniversary date. (c) Annual increments for part-time employees shall be paid on the completion of each fifteen hundred (1500) hours worked.

  • JOC - PRICING OF After Hours Coefficient What is your after hours coefficient for the RS Means Price Book for work performed after normal working hours? (FAILURE TO RESPOND PROHIBITS PART 2 JOC EVALUATION)

  • Rest Period After Overtime (a) When overtime work is necessary, it will, wherever reasonably practicable, be so arranged that employees have at least 10 consecutive hours off duty between the work of successive days or shifts, including overtime. (b) An employee, other than a casual employee, who works so much overtime between the termination of their ordinary work on one day and the commencement of their ordinary work on the next day, that they have not had at least 10 consecutive hours off duty between those times, will be released after completion of such overtime, until they have had 10 consecutive hours off duty without loss of pay for ordinary working time occurring during such a absence. (c) If, on the instruction of the employer, an employee resumes or continues to work without having had 10 consecutive hours off duty, they will be paid at the rate of double time until released from duty for such period. The employee will then be entitled to be absent until they have had 10 consecutive hours off duty without loss of pay for rostered ordinary hours occurring during the absence.

  • Default Exceeding 10% of Firm Units In the event that the default addressed in Section 6.1 above relates to more than 10% of the Firm Units, the Representative may, in its discretion, arrange for it or for another party or parties to purchase such Firm Units to which such default relates on the terms contained herein. If within one (1) Business Day after such default relating to more than 10% of the Firm Units the Representative do not arrange for the purchase of such Firm Units, then the Company shall be entitled to a further period of one (1) Business Day within which to procure another party or parties satisfactory to the Representative to purchase said Firm Units on such terms. In the event that neither the Representative nor the Company arrange for the purchase of the Firm Units to which a default relates as provided in this Section 6, this Agreement may be terminated by the Representative or the Company without liability on the part of the Company (except as provided in Sections 3.10, 5, and 9.3 hereof) or the several Underwriters (except as provided in Section 5 hereof); provided that nothing herein shall relieve a defaulting Underwriter of its liability, if any, to the other several Underwriters and to the Company for damages occasioned by its default hereunder.