Adjustment for Quantity Deficit Clause Samples
The Adjustment for Quantity Deficit clause defines how parties will address situations where the delivered quantity of goods is less than what was agreed upon in the contract. Typically, this clause outlines the process for measuring the shortfall, calculating the corresponding price adjustment, and specifying whether the buyer is entitled to a refund, replacement, or credit for the deficit. Its core practical function is to ensure fairness and clarity in commercial transactions by providing a predetermined method for resolving quantity discrepancies, thereby minimizing disputes and protecting both parties' interests.
Adjustment for Quantity Deficit. If Sale Area Map shows Payment Units where Marking or Meas- uring is to be completed after the date of timber sale ad- vertisement and if Contracting Officer determines that a deficit in the estimated quantity will cause the quantity designated to be less than 90 percent of the total esti- mate shown in AT2, Forest Service, upon request by Pur- chaser, shall designate additional timber within Sale Area. Such additional timber shall be limited to that estimated to be necessary to reach approximately the estimated quan- tities by species listed in AT2. Any such additional desig- nation shall be consistent with land and resource man- agement plans.
Adjustment for Quantity Deficit. If Con- tract Area Map shows Payment Units where Marking or Measuring is to be completed after the date of contract ad- vertisement and if Contracting Officer determines that a deficit in the estimated quantity will cause the quantity des- ignated to be less than 90 percent of the total estimate shown in AT2, Forest Service, upon request by Contractor, shall designate additional timber within Contract Area. Such additional timber shall be limited to that estimated to be necessary to reach approximately the estimated quan- tities by species listed in AT2. Any such additional desig- nation shall be consistent with land and resource manage- ment plans.
Adjustment for Quantity Deficit. If Contract Area Map shows Payment Units where Marking or Measuring is to be completed after the date of contract advertisement and if Contracting Officer determines that a deficit in the estimated quantity will cause the quantity designated to be less than 90 percent of the total estimate shown in AT.2, Forest Service, upon request by Contractor, shall designate additional timber within Contract Area. Such additional timber shall be limited to that estimated to be necessary to reach approximately the estimated quanti- ties by species listed in AT.2. Any such additional designation shall be consistent with land and resource management plans.