Defective Pricing. The Consultant and subcontractor, where appropriate, warrant that cost and pricing data submitted for evaluation with respect to negotiated agreements, lower tier subagreements, and change orders is based on current, accurate, and complete data supported by their books and records. If the District determines that any price (including profit) negotiated in connection with this Agreement, any lower tier subagreement or any amendment thereunder was increased by any significant sums because the data provided was incomplete, inaccurate, or not current at the time of submission, then such price or cost or profit shall be reduced accordingly; and the Agreement shall be modified in writing to reflect such action.
Defective Pricing. To the extent that the pricing provided by CONSULTANT is erroneous and defective, the parties may, by agreement, correct pricing errors to reflect the intent of the parties.
Defective Pricing. To the extent that the pricing provided by CONTRACTOR is erroneous and defective, the parties may, by agreement, correct pricing errors to reflect the intent of the parties.
Defective Pricing. There are procedures to assure that reported obligations are supported by purchase orders, contracts, etc. These procedures require that obligations are periodically reviewed with regard to their validity. These procedures require the timely liquidations of obligations.
Defective Pricing. None of the Subsidiaries is subject to any liability, or claim therefor, for or with respect to price adjustment under any contract with the U.S. Government or any agency thereof, including any liability for defective pricing.
Defective Pricing. If any cost or price under this Contract is significantly increased or decreased as a result of defective data submitted by CONTRACTOR, GSJTA reserves the right to renegotiate the Contract or to disallow and collect funds obtained by CONTRACTOR due to false or negligently submitted pricing data.
Defective Pricing. To the extent that the pricing provided by PLUMBER is erroneous and defective, the parties may, by agreement, correct pricing errors to reflect the intent of the parties.
Defective Pricing. In the event the price negotiated in connection with any prime contract was increased by any significant amount because Seller's cost or pricing data was not current, accurate and complete on the date certified in the Seller's Certificate of Current Cost or Pricing Data, and Seller is obligated to refund money on the prime contract, the price or cost of the relevant subcontract shall be adjusted to reflect the reduction of Seller's costs, but in no event shall any reduction Include cost, fees or any markups of Buyer.
Defective Pricing. Seller represents and warrants that the prices set forth herein do not and will not violate any federal, state, county or municipal law or regulation relative to price discrimination or price fixing. Therefore, with respect to such prices, Seller hereby indemnifies and agrees to exonerate and hold Buyer harmless from and against any costs, losses, and damages of whatever nature occasioned by, arising out of, or in any way connected with a violation of any such laws or regulation. If any price excess exists, Seller agrees to reduce the price by the amount of such excess. Seller agrees that it will provide to Northwest Swiss the lowest possible price for the items listed on Buyer’s Purchase Order, and should a customer other than Northwest Swiss receive pricing lower than the prices stated above for similar products/quantities, Seller shall provide to Northwest Swiss equivalent pricing.
Defective Pricing. If the Government Contracting Officer or Buyer determines that any price, including the profit or fee thereon, established in connection with this contract was increased by any significant sum because Seller or any of its subcontractors or suppliers at any tier furnished incomplete or inaccurate cost or pricing data, or data not current as certified, or refuses to furnish cost or pricing data when required, the contract price hereunder shall be reduced accordingly and the contract modified in writing to reflect such adjustment. Seller shall insert the substance of this clause in all subcontracts hereunder so as to give Buyer the right, in its sole discretion, to proceed directly against any such sub- contractor. Failure to agree on a price reduction shall be subject to the Disputes clause of this contract. Buyer and the Government shall also have all other rights set forth in FAR 52.215-10 and 11.
