Common use of ESTIMATED / SPECIFIC QUANTITY CONTRACTS Clause in Contracts

ESTIMATED / SPECIFIC 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. With respect to any specific quantity stated in the Contract, the Commissioner reserves the right after award to order up to 20% more or less (rounded to the next highest whole number) than the specific quantities called for in the Contract. Notwithstanding the foregoing, the Commissioner may purchase greater or lesser percentages of Contract quantities should the Commissioner and Contractor so agree. Such agreement may include an equitable price adjustment.

Appears in 22 contracts

Samples: Centralized Contract for the Acquisition of Assistive Technology for Persons With Disabilities, Contract for the Acquisition of Networking Hardware and Software, Contract for the Acquisition of Networking Hardware and Software

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