Estimated Quantity Contracts Clause Samples
An Estimated Quantity Contracts clause defines the anticipated amount of goods or services to be provided under a contract, while clarifying that the stated quantities are not guaranteed. In practice, this clause allows the buyer to order more or less than the estimated amount, with payment based on actual quantities delivered or performed. Its core function is to provide flexibility for both parties in situations where exact needs are uncertain, reducing the risk of breach if actual requirements differ from initial estimates.
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Estimated Quantity Contracts. All quantities or ranges of quantities for provision of goods and services under this Agreement are expressly agreed and understood to be estimates or projections. Payments under this estimated quantity contract are expressly agreed and understood to be made for only the quantities, if any, actually ordered during the Agreement term. No guarantee of any quantity(s) is implied or given.
Estimated Quantity Contracts. 1. Contracts for estimated quantities may be used for purchase, delivery or service orders. When the “Autoridad” requires supply of goods and services in estimated quantities that are shown on the price list on the first part of the contract, it is committed to purchasing these from the contractor during the term of the contract. The amounts indicated on the price list are estimated and do not bind the “Autoridad” to order these, unless the contrary is stated or the price list identifies a minimum quantity, which the “Autoridad” would be obligated to purchase.
2. The goods and services required by the contract shall be acquired by purchase, delivery or service orders issued by the administrative unit responsible for the acquisition. These orders are subject to the terms, conditions and clauses of the contract. In case of discrepancies between the order and the contract, the last shall prevail.
3. The prices agreed to may not be increased during the period of the contract, unless the contract expressly allows this. The contractor agrees to deliver the goods ordered at the price and within the period agreed to.
4. If the “Autoridad” requires urgent delivery of goods and services within a different or shorter period than stated on the contract, and the contractor is unable to accept the order according to the terms, conditions and delivery requirements of said order, the “Autoridad” may purchase the goods and services by any other tendering procedures..
5. Orders issued during the term of the contract and not completed during said term, shall be completed according to the time limit expressed in the order. The rights and obligations of the parties arising from the contract shall extend up to the date of delivery shown on the order.
6. The place of delivery of the goods or services shall be stated on the order, if different from that stated in the contract, as well as the employee of the “Autoridad” responsible for the inspection and acceptance.
7. The contractor shall submit the corresponding invoice at the time of delivery of the goods and services to the employee of the “Autoridad” identified in the previous paragraph so that he may verify that the delivery and quality of these goods or services conform to the conditions agreed to in the contract and he shall issue his consent so that payment may follow.
8. Once the requirements stated in the previous paragraph have been complied with, the contractor shall submit his invoice, together with the verification ...
Estimated Quantity Contracts. Estimated quantity contracts are expressly agreed and understood to be made for only the quantities, if any, actually ordered during the contract term. No guarantee of any estimated quantity(s) is implied or given. Unless otherwise set forth in the Bid Specifications, contracts for services and technology are completely voluntary as to use, and therefore no quantities are guaranteed.