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How to index date contract

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[Music] hello and welcome to my channel my name is Abdullah Hammond and in this video Im going to be showing you how to manage contract expiry dates this is really helpful for those working in HR but the concepts here are also useful in other applications as well so in a contract normally we would know the contract starting date right so if we assume that to be April 8 2020 and then under contract duration we put there in months basically were going to put 12 so this is a 12 month contract and to calculate the contract ending date we use a function called a date now this function is going to give you the date after certain number of points based on the starting day so the e date is gonna ask you for a starting date and we know that the start date is our contrast starting date and then its also asking for the number of months now the number of months can be positive or negative if it positive it goes forwards in time if it is negative it goes back in time so we know that the contrac

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What does it mean to index a contract?

In statistics relating to national economies, the indexation of contracts also called index linking and contract escalation is a procedure when a contract includes a periodic adjustment to the prices paid for the contract provisions based on the level of a nominated price index.

What is a non indexed contract?

Non-indexed units, such as contracts written in nominal currency units and nominal monetary items, incur inflation or deflation risk in the case of monetary items.

What is indexed pricing?

By definition, Index Based Pricing is the use of a market or raw material index (or group of indices) to calculate and regularly refresh prices.

What is a non index contract?

Non-indexed units, such as contracts written in nominal currency units and nominal monetary items, incur inflation or deflation risk in the case of monetary items.

What is the effective date of a contract?

Contract effective date means the date agreed upon by the parties for beginning the period of performance under the contract. In no case shall the effective date precede the date on which the contracting officer or designated higher approval authority signs the document.

What Indexation means?

Indexation means adjusting a price, wage, or other value based on the changes in another price or composite indicator of prices. Indexation can be done to adjust for the effects of inflation, cost of living, or input prices over time, or to adjust for different prices and costs in different geographic areas.

What does index date mean?

The index date is defined as the date of the outcome for cases, and the date exactly 12 months after enrollment start for controls.

What does indexed annually mean?

Annual Indexation means, in respect of a country, the appropriate inflation index as determined by the Facility Agent.

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