Common use of Fee Commission (Buying Only Clause in Contracts

Fee Commission (Buying Only. 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 be charged against the cost of the media purchased prior to VAT. An example is detailed below: Gross cost = £10,000 + 5%(Fee Commission) = £10,500

Fee Commission (Buying Only. 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 be charged against the cost of the media purchased prior to VAT. An example is detailed below: Gross cost = £10,000 + 5%(Fee Commission) = £10,500