Remove Currency to the Electrical Service Contract and eSign it in minutes

Aug 6th, 2022
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How to Remove Currency to the Electrical Service Contract

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hello welcome to Southern Cross in this video we will go over the proper procedure for changing out an electrical meter remember to always wear appropriate PPE your safety is of the utmost importance to us [Music] knock on the customers door if there is no answer continue with the change out if the customer is there state your name and company and what you will be doing for them if there are any obstructions remove them carefully before changing the meter depending on the project you may be required to perform a safety site inspection take a picture of the site condition before the meter exchange verify the old meters number and type then scan and take a picture of it [Music] enter the meter reading and before going any further ensure you have all proper safety equipment on and tested cut the seal and inspect the meter rocks again each project is different so the order of these next few steps may vary if your project requires it attach the bypass jumpers stand off to the side and remov

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Producer price indexes measure the average change in prices received by domestic producers for their output. A PPI is an output price index. That is, it measures price changes received by mining, manufacturing, services, and construction providers.
PPIs are used to adjust other time series for price changes and to translate those series into inflation-free dollars. For example, constant-dollar gross domestic product data are estimated using deflators based on the PPI. Measure of price movement for particular industries and products.
Economic price adjustments are of three general types: (1) Adjustments based on established prices. These price adjustments are based on increases or decreases from an agreed-upon level in published or otherwise established prices of specific items or the contract end items.
Key Takeaways The Producer Price Index measures the change in the prices paid to U.S. producers of goods and services. The PPI is a measure of wholesale inflation, while the Consumer Price Index measures the prices paid by consumers. The index is published monthly by the Bureau of Labor Statistics.
Each index to be used should be cited specifically in the contract by referring to the Producer Price Index for followed by the exact title and any identifying code number. The clause should also cite an appropriate source for the index selected. The primary official source of PPI data is the BLS Website.
A price adjustment clause (sometimes referred to as a price escalation clause) is a contractual provision that establishes rules for adjusting the contract price in response to one or more triggering events.
The change factor shall be calculated as follows: annual PPI index (most current year) less annual PPI index (most current year minus 1) divided by annual PPI index (most current year minus 1). An example for year 2014 change is: PPI (2013) PPI (2012)] / PPI (2012) or (197.3 193.3) / 193.3 or .
Price adjustment is a modification made to the overall price of a contract to take account of legitimate changes in the costs of performing it. Price adjustment provisions include formulas designed to protect both the borrower and contractors from price fluctuations.

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