Escalator Clause

O clauza in contract care permite ofertantului sa ajusteze pretul final in functie de cresterile de pret ale partilor componente intre acceptarea comenzii si efectuarea livrarii si a instalarii etc.

A clause in a contract which allows a tenderer to adjust the final amount charged to take account of price rises in component parts between acceptance of the bid and completion of the delivery, installation, etc.