Price List Changes Sample Clauses
The Price List Changes clause establishes the terms under which a party may modify the prices for goods or services provided under the agreement. Typically, this clause outlines the process for notifying the other party of upcoming price adjustments, such as requiring written notice a certain number of days in advance, and may specify any limitations on the frequency or magnitude of such changes. Its core practical function is to provide a clear and fair mechanism for updating pricing, thereby reducing disputes and ensuring both parties are aware of and can plan for any cost changes during the contract term.
Price List Changes. The price list bid shall remain firm and effective for the first three months of the contract term. Price list changes will be considered during the remainder of the contract period and during any contract renewals. The original price list discount awarded shall remain constant throughout the duration of the contract and renewals. Deeper discounts will be accepted. Contract Additions: When future offerings of products become commercially available during the contract term and are not commercially offered within the established groups with an established discount structure, the contract may be amended to include such offerings. For this type of addition to be considered, it must be within the scope of the contract, the Contractor must submit the requested group(s) to the Office of State Procurement for approval and the requested group(s) shall be offered to the State at a percentage discount off the manufacturer’s established catalog price list. The Contractor will be notified to update their contract and proceed with selling the requested product offerings if the offerings are approved by the Office of State Procurement.
Price List Changes. The price list bid shall remain firm and effective for the first three (3) months of the contract term. Price list changes will be considered during the remainder of the contract period and during any contract renewals. Requests for price list changes must be submitted in writing by the Contractor to the Office of State Procurement and must be supported by sufficient documentation such as manufacturer’s price increase, significant changes in the published market indicators for the industry, certified raw material cost data and/or any other substantiating information that may be requested by OSP. Upon receipt of the price escalation request, OSP reserves the right to accept the request, request additional information, negotiate the proposed increase, or reject the request outright. Any decision by the Office of State Procurement to grant or decline a request will be at the Office of State Procurement’s sole discretion and the Office of State Procurement’s decision shall be final. Price list changes will not be effective until approval has been granted in writing by OSP. No retroactive adjustments to the price list will be allowed. Discount percentages bid will remain the same throughout the contract. The Contractor shall immediately notify OSP of all manufacturer’s price decreases and the State shall receive the full benefit of such decreases, effective the date in the manufacturer’s announcement.