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Common use of Financial Options Clause in Contracts

Financial Options. 3.1. Financial options must provide the flexibility required by the Authority and/or Framework Public Body in meeting their budgetary and operational requirements, for example, leasing, capital purchasing or “as-a-Service” model. Costs should be identified in the document “Schedule 2 (Pricing) – Basket of Products for Evaluation - Managed Print Solutions”. 3.2. The lease costs are to be fixed priced and not subject to price variation once an order has been agreed, unless otherwise agreed between the Framework Public Body and the Contractor. 3.3. The ‘No commitment’ financial option may need a minimum volume which can be indicated on the document “Schedule 2 (Pricing) - Principal Catalogue_ Goods - Managed Print Solutions”. Any additional costs relating to ‘No Commitment’ should be detailed in the document “Schedule 2 (Pricing) - Principal Catalogue_ Goods - Managed Print Solutions”. 3.4. Contractors will be required to make provisions for a Framework Public Body to make a capital purchase of the Goods identified in the Framework Agreement. 3.5. Where there are any additional costs in relation to fleet flexibility, these costs should be detailed in the document “Schedule 2 (Pricing) – Principal Catalogue: Rates – Managed Print Solutions”. 3.6. Where it is appropriate for a Framework Public Body to procure services in order to identify appropriate solutions (e.g. site surveys, estate audits, etc.) the Contractor must charge no more than the rates specified in the document “Schedule 2 (Pricing) - Principal Catalogue: Rates – Managed Print Solutions”.

Appears in 9 contracts

Samples: Framework Agreement, Framework Agreement, Framework Agreement