COMPARABLE PRODUCTS Clause Samples
The COMPARABLE PRODUCTS clause defines how products or services are evaluated against similar offerings in the market for purposes such as pricing, quality, or performance. In practice, this clause may specify criteria for determining what constitutes a comparable product, such as similar features, functionality, or market segment, and can be used to benchmark obligations or trigger price adjustments. Its core function is to ensure fairness and competitiveness by providing a clear standard for comparison, thereby preventing disputes over what products or services are considered equivalent.
COMPARABLE PRODUCTS. A. Conditions for Consideration: Architect will consider Contractor's request for comparable product when the following conditions are satisfied. If the following conditions are not satisfied, Architect may return requests without action, except to record noncompliance with these requirements:
1. Evidence that the proposed product does not require revisions to the Contract Documents, that it is consistent with the Contract Documents and will produce the indicated results, and that it is compatible with other portions of the Work.
2. Detailed comparison of significant qualities of proposed product with those named in the Specifications. Significant qualities include attributes such as performance, weight, size, durability, visual effect, and specific features and requirements indicated.
3. Evidence that proposed product provides specified warranty.
4. List of similar installations for completed projects with project names and addresses and names and addresses of architects and owners, if requested.
5. Samples, if requested. PART 3 - EXECUTION (Not Used)
COMPARABLE PRODUCTS. A. Conditions: Engineer will consider Contractor's request for comparable product when the following conditions are satisfied. If the following conditions are not satisfied, Engineer will return requests without action, except to record noncompliance with these requirements:
1. Evidence that the proposed product does not require extensive revisions to the Contract Documents, that it is consistent with the Contract Documents and will produce the indicated results, and that it is compatible with other portions of the Work.
2. Detailed comparison of significant qualities of proposed product with those named in the Specifications. Significant qualities include attributes such as performance, weight, size, durability, visual effect, and specific features and requirements indicated.
3. Evidence that proposed product provides specified warranty.
4. List of similar installations for completed projects with project names and addresses and names and addresses of Engineers and owners, if requested.
5. Samples, if requested. PART 3 - EXECUTION (Not Used) END OF SECTION 016000
COMPARABLE PRODUCTS. A. Conditions for Consideration of Comparable Products: Architect will consider Contractor's request for comparable product when the following conditions are satisfied. If the following conditions are not satisfied, Architect may return requests without action, except to record noncompliance with these requirements:
COMPARABLE PRODUCTS. A. Conditions for Consideration: Owner and Architect may consider Contractor's request for comparable product when the following conditions are satisfied. If the following conditions are not satisfied, Architect may return requests without action, except to record noncompliance with these requirements:
1. Evidence that the proposed product does not require revisions to the Contract Documents, that it is consistent with the Contract Documents and will produce the indicated results, and that it is compatible with other portions of the Work.
2. Evidence that the proposed product has been coordinated with other portions of the Work, is uniform and consistent, is compatible with other products, and is acceptable to all contractors that may be affected.
3. Evidence that the proposed product will not adversely affect Contractor's construction schedule.
4. Evidence that the proposed product has received necessary approvals of authorities having jurisdiction.
5. Detailed comparison of significant qualities of proposed product with those named in the Specifications. Significant qualities include attributes such as performance, weight, size, durability, visual effect, and specific features and requirements indicated.
6. Evidence that proposed product provides specified warranty.
7. List of similar installations for completed projects with project names and addresses and names and addresses of architects and owners, if requested.
8. Samples, if requested. PART 3 - EXECUTION (Not Used) Substitution Request Prior to Bid Project Name: PBC – Lancaster County DMC Roof Replacement – ▇▇▇ ▇▇▇▇ ▇ ▇▇▇▇▇▇ Date: Bid No.: 19-203
COMPARABLE PRODUCTS. A. Where products or manufacturers are specified by name, submit the following, in addition to other required submittals, to obtain approval of an unnamed product:
1. Evidence that the proposed product does not require extensive revisions to the Contract Documents, that it is consistent with the Contract Documents and will produce the indicated results, and that it is compatible with other portions of the Work.
2. Detailed comparison of significant qualities of proposed product with those named in the Specifications. Significant qualities include attributes such as performance, weight, size, durability, visual effect, and specific features and requirements indicated.
3. Evidence that proposed product provides specified warranty.
4. List of similar installations for completed projects with project names and addresses and names and addresses of Engineers and owners, if requested.
5. Samples, if requested.
COMPARABLE PRODUCTS. Investors should give consideration as to whether a particular warrant suits their financial situation, investment objectives and particular needs. Investors should also familiarise themselves with similar or alternative products (such as Exchange Traded Options) which may equally suit their requirements. A warrant is a contract between the warrant holder and the warrant issuer and is not cleared through a clearing house such as ASX Clear. This exposes the warrant holder to issuer risk, which is the risk that the issuer of the warrant will not fulfil its obligations (i.e. in the event of exercising the warrant). To assist investors in assessing the credit risk of an issuer, information on the financial situation of the issuer and guarantor (if applicable) is included in the Disclosure Documents. Some issuers are listed on the ASX and therefore provide this information to the market on a regular basis. Credit rating agencies such as Moody’s or Standard & Poor’s may also provide useful information. If a Deliverable Warrant is exercised and the issuer fails to fulfil its obligations under the Terms of Issue within 20 Business Days of exercise the investor may, by giving notice to the issuer, request an amount of liquidated damages calculated in accordance with Schedule 10.12.1(c) of the ASX Operating Rules.