Pricing Errors and Overcharges Sample Clauses
The "Pricing Errors and Overcharges" clause establishes procedures for addressing mistakes in billing, such as incorrect prices or charges that exceed agreed-upon amounts. Typically, this clause allows either party to identify and report discrepancies, after which the error is investigated and corrected, often through issuing refunds or adjusting future invoices. Its core function is to ensure fairness and accuracy in financial transactions, protecting both parties from unintended financial loss due to administrative or calculation errors.
Pricing Errors and Overcharges. For any pricing errors or overcharges discovered by either party, the Contractor shall reimburse the State in full for all overcharges. Additionally, the Contractor shall pay to the State 10% of total purchase price of the accurately-priced items/services which had been invoiced at incorrect pricing, at the discretion of the State, if Contractor fails to correct pricing discrepancies within 7 days of notification. The Contractor shall provide a credit or check to the State Agency, whichever the State agency prefers, for the pricing errors. In the event that multiple agencies are involved, credit distribution shall be determined at the discretion of IDOA.
Pricing Errors and Overcharges. For any pricing errors or overcharges discovered by either party, the Contractor shall reimburse the Cardholders in full for all overcharges. Additionally, the Contractor shall pay to the State an administrative fee of 15% of total purchase price for all items invoiced at incorrect pricing. Any pricing errors shall be corrected by the next business day of notification to the Contractor of the error. The Contractor shall provide a credit to the User Agency for pricing errors or penalty fees.
Pricing Errors and Overcharges. For any pricing errors or overcharges discovered by either party, the Contractor shall reimburse the State in full for all overcharges. Additionally, the Contractor shall pay to the State 10% of total purchase price of the accurately-priced items which had been invoiced at incorrect pricing, at the discretion of the State. The State shall pay Market Basket Price less 10% if any Market Basket items are removed without notification forcing Non-Market Basket Substitutes to be purchased. Any pricing errors shall be corrected by the next business day of notification to the Contractor of the error. The Contractor shall provide a credit to the Ordering Agency for pricing errors or penalty fees. In the event that multiple agencies are involved, credit distribution shall be determined at the discretion of IDOA.
Pricing Errors and Overcharges. Any pricing errors shall be corrected by the next business day of notification to the Contractor of the error. The Contractor shall provide a credit to the Ordering Agency for pricing errors.
Pricing Errors and Overcharges. For any pricing errors or overcharges discovered by either party, the Contractor shall reimburse the State in full for all overcharges. Additionally, the Contractor shall pay to the State 10% of total purchase price of the accurately-priced items which had been invoiced at incorrect pricing, at the discretion of the State, if the Contractor fails to correct pricing discrepancies within 14 days of notification. The State shall pay Market Basket Price less 10% if any Market Basket items are removed without notification forcing Non- Market Basket Substitutes to be purchased. Any pricing errors shall be corrected by the next business day of notification to the Contractor of the error. The Contractor shall provide a credit to the Ordering Agency for pricing errors or penalty fees. In the event that multiple agencies are involved, credit distribution shall be determined at the discretion of IDOA.
Pricing Errors and Overcharges. Any pricing errors shall be corrected within five (5) business days of notification to the Contractor of the error. The Contractor shall provide a credit to the Ordering Agency for pricing errors.