Variance Purchase Order Sample Clauses
A Variance Purchase Order clause defines the terms under which a buyer may adjust the quantity, specifications, or delivery schedule of goods or services from what was originally agreed upon in a purchase order. This clause typically allows for a certain percentage of variance in the order, enabling flexibility to accommodate changes in demand or unforeseen circumstances. For example, a supplier may be required to fulfill up to 10% more or less than the initial quantity specified. The core function of this clause is to provide both parties with a structured way to manage fluctuations in order requirements, reducing the risk of disputes and ensuring smoother supply chain operations.
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Variance Purchase Order. A Variance Purchase Order must be issued for any changes to the original Purchase Order. The Contractor must submit a bid any additional work or change prior to a Variance Purchase Order being issued. No additional work or changes shall commence without a Variance Purchase Order issued by Builder.