PRICING DISCREPANCIES Sample Clauses
The PRICING DISCREPANCIES clause defines how differences between quoted prices and actual charges are identified and resolved in a contract. Typically, this clause outlines the process for addressing errors in pricing, such as requiring the parties to notify each other of discrepancies within a certain timeframe and specifying whether the correct price or the originally quoted price will prevail. Its core function is to ensure transparency and fairness in billing, preventing disputes over unexpected charges and providing a clear mechanism for correcting mistakes.
PRICING DISCREPANCIES. In the event there is a difference between the unit prices and extended total amounts, the unit price will be held to be the intended offer and total of the CLIN or ELIN/Sub-ELIN will be recomputed accordingly. The CLIN which includes the recomputed ELIN/Sub-ELIN will also be recomputed to take into account the change in the ELIN/Sub- ELIN. If the offeror provides a total amount for a CLIN or ELIN/Sub-ELIN but fails to enter the unit price, the total amount divided by the CLIN/ELIN/Sub-ELIN quantity will be held to be the intended unit price. In the event there is a discrepancy between the Section J ELIN pricing and the Section B CLIN price, the Section J ELIN pricing will be held to be the intended offer.