Price Adjustment - Metals

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Item Information

ID
C0604C
Effective Date
2010-01-11
SACC Manual item status
Active
Parent Section
Price
SACC Item usage
Reference

Revision History

Date Status ID Title
2010-01-11 Active C0604C Price Adjustment - Metals (2010-01-11) C0604C

Remarks – Recommended Use of SACC Item

Use the following clause in contracts for metal products when prices are subject to adjustment.

Legal text for SACC item

  1. The prices detailed in the Contract are subject to upward or downward adjustment, according to changes at time of delivery, to allow for:
    1. changes due to price adjustment in metal products that are a direct result of increased or decreased current base price imposed by the applicable metals commodity market. A copy of the Contractor's notification of base price increase or decrease from the metal producer must be provided to the Contracting Authority; and/or
    2. imposition of any new or changes to any existing levies, tariffs or fees of whatsoever nature applicable to any metal product, authorized, imposed or agreed to by Canada or any provincial government or by any Governmental Regulatory Authority.
  2. The contract price will be amended to reflect the actual increase or decrease at time of delivery. The Contractor must not invoice at prices other than those specified in the Contract.
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