Common use of Fee Commision (Planning & Buying Clause in Contracts

Fee Commision (Planning & Buying. The percentage fee commission quoted in this Pricing Schedule against each of the mediums, are maximum and are fixed for the duration of the Framework Agreement. Contractors are free to reduce these at the mini-competition stage, but cannot increase them. The Fee commission will cover all of the services specified in the Schedule 1 of the Entire Agreement and will be charged against the costs prior to VAT. An example of how the Fee commission is to be charged is detailed below: Gross price guarantee minus the standard agency commission, plus the fee commission. Gross cost =£5,000 minus 15% (Std Agency Commision) = £4,250 x 5% Fee Commission =

Fee Commision (Planning & Buying. The percentage fee commission quoted in this Pricing Schedule against each of the mediums, are maximum and are fixed for the duration of the Framework Agreement. Contractors are free to reduce these at the mini-competition stage, but cannot increase them. The Fee commission will cover all of the services specified in the Schedule 1 of the Entire Agreement and will be charged against the costs prior to VAT. An example of how the Fee commission is to be charged is detailed below: Gross price guarantee minus the standard agency commission, plus the fee commission. Gross cost =£5,000 minus 15% (Std Agency CommisionCommission) = £4,250 x 5% Fee Commission =