Price Adjustment and Payment Provisions

To adjust the remuneration for foreign and/or local inflation, a price adjustment provision shall be included in the contract if it its duration is expected to exceed 18 months. Contracts of shorter duration may include a provision for price adjustment when local or foreign inflation is expected to be high and unpredictable.

Payment provisions, including amounts to be paid, schedule of payments, and payment procedures, shell be agreed upon during negotiations. Payments may be made at regular intervals (as under time-based contracts) or for agreed outputs (as under lump sum contracts). Payments for advances exceeding 10 percent of the contract amount should normally be backed by advance payment securities.

Payment under the contract shell be made in the currency or currencies in which the price is expressed in the proposal. Payments shell be made promptly in accordance with the contract provisions.

1. Choose the best variant to fill the gaps from the choices A-C

1. He kept … and … for an explanation and she didn’t know what …about him.

a) to ring and ask; to do;

b) ringing and asking; to do;

c) ringing and ask; doing;

2. I tried …to him but he refused … and went on…grumbling.

a) to explain; listening; grumbling;

b) explaining; to listen; to grumble;

c) to explain; to listen; grumbling;

3. If I... that you couldn’t eat octopus I … it.

a) knew; wouldn’t buy;

b) had known; wouldn’t have bought;

c) had known; wouldn’t buy;

4. They say that when the 100 km per hour speed limit … in operation for a year they will be able to judge whether it is effective or not.

a) has been;

b) is

c) will be;

5. Your hair needs ….You’d better …it done tomorrow, unless you’d like me … a go at it for you.

a) cutting; have; to have;

b) to be cut; had; have;

c) to cut; to have; to have;

6. I always try …in quickly but they always her me … upstairs.

a)to come; go;

b) coming; to go;

c) to come; going.

7. The police have put up a railing here …people … out of the station and …straight across the road.

a) prevent; rushing; dashing;

b) to prevent; rushing; dashing;

c) to prevent;to rush; dash;

8. By the end of next year I …for him for 45 years.

a) will work;

b) will be working;

c)will have been working;

9. I … my train … at 14.30, and … very disappointed when I … at 14.30 and …that it ….

a) thought; was leaving; was; had arrived; had learned; had left.

b) thought; left; was; arrived; learned; had left.

c) thought; was leaving; had been; arrived; learned; left.

10. When he left school he became a fisherman. His family didn’t like it at all. They … much happier if he … a greengrocer like his father.

a) would have been; had become;

b) would be; had become;

c) would have been; became.

Answers

1. –b
2. –c
3. –b
4. –a
5. –a
6. –c
7. –b
8. –c
9. –b
10. -a

Дата добавления: 2015-10-21