Common use of Cost Reductions Clause in Contracts

Cost Reductions. Any cost reductions to the Vendor, such as rebates or “specials”, shall be reflected in a reduction of the contract price effective immediately. Seattle will not be bound by prices contained in an invoice that are higher than those in the contract. Unless the higher price has been accepted by the City and the contract amended, the invoice may be rejected and returned to the Vendor for corrections.

Appears in 4 contracts

Samples: www.seattle.gov, www.seattle.gov, www.seattle.gov

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.