Firm Price Sample Clauses
A Firm Price clause establishes that the price agreed upon for goods or services will remain fixed and unchangeable throughout the duration of the contract. This means that neither party can adjust the price due to fluctuations in costs, market conditions, or other external factors. For example, if a supplier's material costs increase after the contract is signed, they cannot pass those increases on to the buyer. The core practical function of this clause is to provide certainty and stability for both parties by eliminating the risk of unexpected price changes during the contract term.
POPULAR SAMPLE Copied 13 times
Firm Price. Prices quoted by the bidder shall remain firm and fixed during the period of the Rate Contract and not subject to variation on any account. Purchase Orders will be placed by Centers / Hospital / Departments / Store Sections against this Rate Contract till the period of Rate Contract. Statuary variation in GST will be applicable.
Firm Price. The contract price includes all material, labor, services, insurance, and other costs and expenses of every type necessary to furnish and deliver the materials and/or equipment identified in the Purchase Order. All prices stated in the Purchase Order are firm prices and are not subject to escalation for any reason unless escalation is agreed to by COMPANY in writing.
Firm Price i. Prices quoted by the bidder shall remain firm and fixed during the period of the Rate Contract and not subject to variation on any account. Purchase Orders will be placed by Centers / Hospital / Departments / Store Sections against this Rate Contract till the period of Rate Contract. Statuary variation in GST will be applicable.
ii. The Bidder(s) must quote rates including freight, insurance, cartage, labor charges etc. on Door Delivery basis at AIIMS, Jodhpur
iii. Bids of the firms received with prices quoted on variable basis shall be rejected without assigning any reasons and no communication in this regard shall be made.
iv. No escalation in rates on any account will be permitted during the contract period.
Firm Price. Unless otherwise expressly provided herein, the prices stated in the Contract are firm and are not subject to increase.
Firm Price. The prices quoted shall be firm and no variation will be allowed on any account whatsoever.
Firm Price. Unless otherwise stated in the special terms and conditions, for the purpose of award, offers made in accordance with this solicitation must be good and firm for a period of ninety (90) days from the date of receipt of bids or proposals. Prices must remain firm for the full term of the contract.
Firm Price. The rates payable under Article 3 hereinabove, shall be firm during Agreement period including the extension period under Clause 1.3 of the Agreement.
Firm Price. The prices of the resulting purchase order shall prevail upon acknowledgment of the order, or shipment of the items, by Supplier.
Firm Price. The unit prices for this Project, as set forth in Exhibit C (Pricing Schedules), shall be firm until the Project Acceptance.
Firm Price. Prices quoted by the tenderer shall remain firm and fixed during the currency of the contract and not subject to variation on any account. Bidders are requested to quote Schedule of Requirement wise unit price and total price with applicable Taxes and Expenditures. If a firm quotes NIL Charges/ consideration, the bid shall be treated as unresponsive and will not be considered.