Common use of Price Verification Clause in Contracts

Price Verification. The Supplier should be able to provide manufacturer price lists and its own price lists at the State's request in order for the State to verify pricing. The Supplier should have its own Auditing system to verify that correct pricing is being offered to the State. In addition, the State reserves the right to audit Supplier records in order to identify discrepancies. If Discrepancies are found, at a minimum, the Supplier will refund the State the difference and may be subject to other legal remedies.

Price Verification. The Supplier should be able to provide manufacturer price lists and its own price lists at the State's ’s request in order for the State to verify pricing. The Supplier should have its own Auditing auditing system to verify that correct pricing is being offered to the State. In addition, the State reserves the right to audit Supplier records in order to identify discrepancies. If Discrepancies discrepancies are found, at a minimum, the Supplier will refund the State the difference and may be subject to other legal remedies. Offerors should offer all rebates and special offers (including commercial and consumer offers) made available by the manufacturer, in addition to contracted pricing.

Price Verification. The Supplier should be able to provide manufacturer price lists and its own price lists at the State's ’s request in order for the State to verify pricing. The Supplier should have its own Auditing auditing system to verify that correct pricing is being offered to the State. In addition, the State reserves the right to audit Supplier records in order to identify discrepancies. If Discrepancies discrepancies are found, at a minimum, the Supplier will refund the State the difference and may be subject to other legal remedies.