Common use of Material Priced Incorrectly Clause in Contracts

Material Priced Incorrectly. As part of any award resulting from this process, vendor(s) will discount all transactions as agreed. In the event the District discovers, through its contract monitoring process or formal audit process, that material was priced incorrectly, vendor(s) agree to promptly refund all overpayments and to pay all reasonable audit expenses incurred as a result of the non-compliance.

Appears in 5 contracts

Samples: Request for Proposal, Request for Proposal, Request for Proposal

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