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Common use of Arithmetical Clause in Contracts

Arithmetical. errors will be rectified on the following basis. If there is a discrepancy between the unit price and the total price that is obtained by multiplying the unit price and quantity, the unit price shall prevail, and the total price shall be corrected. If the Successful Bidder does not accept the correction of the errors, its Bid will be rejected, and its Bid security may be forfeited. If there is a discrepancy between words and figures, the amount in words will prevail.

Appears in 2 contracts

Samples: On Site Maintenance Contract, On Site Maintenance Contract

Arithmetical. errors will be rectified on the following basis. : If there is a discrepancy between the unit price and the total price that is obtained by multiplying the unit price and quantity, the unit price shall prevail, prevail and the total price shall be corrected. If the Successful Bidder does not accept the correction of the errors, its Bid will be rejected, and its Bid security may be forfeited. If there is a discrepancy between words and figures, figures the amount in words will prevail.

Appears in 2 contracts

Samples: Long Term Agreement for Supply, Long Term Service Contract

Arithmetical. errors will be rectified on the following basis. If there is a discrepancy between discrepancybetween the unit price and the total price that is obtained by multiplying the unit price and quantity, the unit price shall prevail, and the total price shall be corrected. If if the Successful Bidder candidate does not accept the correction of the errors, its Bid tender will be rejected, and its Bid security tendersecurity may be forfeited. If there is a discrepancy between words and figures, the amount in words will prevail.

Appears in 1 contract

Samples: Framework Agreement for the Provision of Security Services