MAGNETIC INK Sample Clauses

MAGNETIC INK. Magnetic ink shall be all black MICR. (Magnetic ink is primarily used on checks).  Static MICR (Repetitive) $50.00 Flat + $1.50 per M MICR Numbers  Consecutive MICR $60.00 Flat + $3.00 per M MICR Numbers  This charge in addition to any charges for regular numbering.  Optically Scanned Forms (OCR Forms) $100.00 Flat + .50 per M Forms The flat charge will cover all the extra handling for OCR forms such as composition, printing, and tolerance of ink requirements. Upcharges for paper are allowed in the designated tables. Contractor must guarantee that OCR forms, which are produced, will perform properly on the scanning equipment on which the forms are to be used. It is mandatory that the ordering agency specifies the make and model of the scanning equipment. If the contractor cannot guarantee the performance of the OCR forms, he must waive the order in writing. Upon waiver, the State will purchase the OCR forms according to current procurement procedures. The contractor has five (5) days in which to waive any OCR order received.
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