Price Loading. 1. Vendor will be responsible for processing the MMCAP Contract File Updates, or the files sent to the Vendor by the MMCAP Office which specify the Products and pricing that the MMCAP Office has negotiated with its contracted manufacturers. Vendor will load and make viewable in its ordering system all data lines from MMCAP’s Contract File Update notifications within five (5) business days from the date of receipt or by the MMCAP Contract File Update effective date, whichever is later. When manufacturer verification is needed in order to load an MMCAP Contract Product and the MMCAP-contracted manufacturer has not responded or provides data that is inconsistent with the MMCAP Contract File Updates, Vendor will make a good faith effort to notify the MMCAP Office in writing no later than two (2) business days (after the five (5) business days allowed for Vendor processing).
2. Vendor agrees that any notice received from an MMCAP-contracted manufacturer or supplier for a price or Product change on an MMCAP Contract Product will be forwarded to the MMCAP Office in the form of a weekly contract change report (see Section 4.16, Mandatory Reports). Vendor agrees to provide credits/rebills at no charge to correct pricing in the event that the MMCAP Office and its contracted manufacturers disagree in regard to price and Product loading.
3. Price change reports will be available to all MMCAP Participating Facilities at any time via Vendor’s ordering system.
4. Provided that Vendor has received all requested account set-up information, Vendor will have all MMCAP contract and individual contracts loaded prior to the MMCAP Participating Facility’s first order. This includes all tiered contracts, if applicable.
