EQUIVALENT OR IDENTICAL Clause Samples
The 'Equivalent or Identical' clause defines the requirement that goods, services, or materials provided under a contract must match a specified standard, either by being exactly the same (identical) or functionally and qualitatively equivalent. In practice, this means that if a particular brand, model, or specification is referenced, the supplier may provide an alternative as long as it meets or exceeds the defined criteria in all relevant aspects. This clause ensures flexibility in sourcing while maintaining quality and performance standards, ultimately preventing disputes over substitutions and ensuring the buyer receives what was contractually promised.
EQUIVALENT OR IDENTICAL. BIDS In the event two offers are found to be substantially equivalent, price shall be the basis for determining the award recipient. If two or more Bidders submit substantially equivalent Bids as to pricing or other factors, the decision of the Commissioner to award a Contract to one or more of such Bidders shall be final.
EQUIVALENT OR IDENTICAL. BIDS In the event two offers are found to be substantially equivalent, the highest discount from MSRP Options shall be the basis for determining the award recipient. If two or more Bidders submit substantially equivalent Bids as to pricing or other factors, the decision of the Commissioner to award a Contract to one or more of such Bidders shall be final.