CONTRACT MINIMUM Sample Clauses
The CONTRACT MINIMUM clause sets a baseline value or quantity that must be met under the terms of the agreement. In practice, this could require a buyer to purchase at least a certain amount of goods or services, or obligate a party to commit to a minimum level of spending or performance during the contract period. By establishing a minimum threshold, this clause ensures predictability and security for the parties, preventing underperformance or insufficient commitment that could undermine the contract's purpose.
CONTRACT MINIMUM. The minimum obligation under any awarded contract is $500.00 for the life of the contract, including any options. When the minimum guarantee amount of $500.00 is satisfied through subsequent placement of a competitively awarded task order, the Government has the unilateral right to de-obligate the funding. The contract holder may not invoice for this amount without the written consent of the Contracting Officer. Contract holders who do not submit a proposal for any task order competition opportunities over the base five year ordering period will not be authorized to invoice for the minimum guarantee.
CONTRACT MINIMUM. During the contract period, the Government shall place orders for a minimum of K10, 000. This is the contract minimum for this period of performance.