Common use of Discounts Clause in Contracts

Discounts. 12.1 All quantity discounts shall accrue to the Owner. All trade discounts, rebates and refunds, and all returns from the sale of surplus materials and equipment shall be credited to the Owner. All prompt payment discounts of the Owner Furnished Contractor Installed (OFCI) material/equipment shall be accrued to the Owner.

Appears in 16 contracts

Samples: Construction Management Agreement, Construction Management Agreement, Construction Management Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!