General Conditions of Contract

17. Contract Price Rates

17.1

The Contract Price Rates shall be subject to annual review on each anniversary of the Commencement Date but a framework agreement does not regulate price increases other than by the decision to place individual purchase orders against rates agreed within the contract and escalated by mutual agreement. Any price increases must be pre-notified with reasons justifying and accepted before the placement of orders.

 

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Procurement

 

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