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escalation clause

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escalation clause

Clause that provides for an increase in the price of a contractor's goods and/or services under specified conditions. Common in contracts delivered over a long period of time, an escalation clause protects the contractor against a general rise in costs especially in a climate of high inflation. The formula used for determining the increase in price is often predetermined and written in to the contract.



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There has been more than one lease agreement which has had its escalation clause, or pro rata billing formula modified so as to conform to the inflexibility of a packaged program.
Management programs: next stop, India? by Maltz, John / Real Estate Weekly
Soon after, I became well acquainted with the concept of the escalation clause, the inspections waiver, the failed bid, and generally competing like gladiators for any property deemed livable and available.
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and in their contracts with oil companies the price escalation clauses are benchmarked to indexes that we [ucg] generate.
UCG's spins off second IT firm this year by marshall, jim / The Newsletter on Newsletters
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