Price Reduction. Should the Contractor fail to rectify a defect without undue delay, or if they do not succeed in rectifying such defect after two attempts, the Purchaser may claim a proportionate price reduction. The price reduction is a compensation for the reduced value of the delivery due to the defect and applies in addition to any other compensation and/or daily penalty.
Appears in 5 contracts
Sources: Framework Agreement, Framework Agreement, Framework Agreement
Price Reduction. Should the Contractor fail to rectify a defect without undue delay, or if they do the Contractor does not succeed in rectifying such defect after two (2) attempts, the Purchaser may claim a proportionate price reduction. The price reduction is a compensation for the reduced value of the delivery due to the defect and applies in addition to any other compensation and/or daily penalty.
Appears in 1 contract
Sources: Framework Agreement