Common use of Vendor Reserve Clause in Contracts

Vendor Reserve. the salt contractor assures that it will have a “reserve” quantity, enabling it to provide additional salt up to the quantity let for bid as vendor reserve, which is taken at the discretion of the purchaser at the price awarded to the salt contractor. Form DT2208 must be used to order salt. The purchaser’s “vendor reserve” cannot be more than 20% of the “total guaranteed purchase.”

Vendor Reserve. the salt contractor assures that it will have a “reserve” quantity, reserve enabling it to provide additional salt up to the quantity let for bid as vendor reserve, which is taken at the discretion of the purchaser at the price awarded to the salt contractor. Form DT2208 must be used to order salt. The purchaser’s “vendor reserve” reserve cannot be more than 20% of the “total guaranteed purchase.”of the