Common use of ESTIMATED QUANTITIES Clause in Contracts

ESTIMATED QUANTITIES. This Piggyback Contract shall be an estimated quantity Contract. No specific quantities are represented or guaranteed, and the State provides no guarantee of individual Authorized User participation. The Contractor must furnish all quantities actually ordered at or below the Contract prices. The individual value of this Contract is indeterminate and will depend upon the number of heavy equipment contracts issued and the competitiveness of the pricing offered. Authorized Users will be encouraged to purchase from Contractors who offer the Products and pricing that best meet their needs in the most practical and economical manner. See Appendix B, Section 28, Estimated/Specific Quantity Contracts and Section 25, Participation in Centralized Contracts. Numerous factors could cause the actual quantities of Products purchased under the Piggyback Contract to vary substantially from any estimates. Such factors include, but are not limited to, the following: • This Piggyback Contract will be a nonexclusive contract; • There is no guarantee of quantities to be purchased, nor is there any guarantee that demand will continue in any manner consistent with previous purchases; • The individual value of this Piggyback Contract is indeterminate and will depend upon actual Authorized User demand, and actual quantities ordered during the contract period; and, • The State reserves the right to terminate this Piggyback Contract for cause or convenience prior to the end of the term pursuant to the terms and conditions of this Piggyback Contract. • Contract pricing that is lower than anticipated could result in a higher quantity of purchases by Authorized Users than anticipated. • Contract pricing that is higher than anticipated could result in a lower quantity of purchases by Authorized Users than anticipated. By execution of this Piggyback Contract, Contractor acknowledges the foregoing and agrees that actual good faith purchasing volumes during the term of the resulting Piggyback Contract could vary substantially from any estimates provided in this Piggyback Contract or previous purchase.

Appears in 20 contracts

Samples: Piggyback Contract, Piggyback Contract, Piggyback Contract

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ESTIMATED QUANTITIES. This Piggyback Contract shall be an estimated quantity Contract. No specific quantities are represented or guaranteed, and the State provides no guarantee of individual Authorized User participation. The Contractor must furnish all quantities actually ordered at or below the Contract prices. The individual value of this Contract is indeterminate and will depend upon the number of heavy equipment contracts issued and the competitiveness of the pricing offered. Authorized Users will be encouraged to purchase from Contractors who offer the Products and pricing that best meet their needs in the most practical and economical mannerindeterminate. See Appendix B, Section 28, Estimated/Specific Quantity Contracts and Section 25, Participation in Centralized Contracts. Numerous factors could cause the actual quantities of Products purchased under the Piggyback Contract to vary substantially from any estimates. Such factors include, but are not limited to, the following: • This Piggyback Contract will be a nonexclusive contract; • There is no guarantee of quantities to be purchased, nor is there any guarantee that demand will continue in any manner consistent with previous purchases; • The individual value of this Piggyback Contract is indeterminate and will depend upon actual Authorized User demand, and actual quantities ordered during the contract period; and, • The State reserves the right to terminate this Piggyback Contract for cause or convenience prior to the end of the term pursuant to the terms and conditions of this Piggyback Contract. • Contract pricing that is lower than anticipated could result in a higher quantity of purchases by Authorized Users than anticipated. • Contract pricing that is higher than anticipated could result in a lower quantity of purchases by Authorized Users than anticipated. By execution of this Piggyback Contract, Contractor acknowledges the foregoing and agrees that actual good faith purchasing volumes during the term of the resulting Piggyback Contract could vary substantially from any estimates provided in this Piggyback Contract or previous purchase.

Appears in 1 contract

Samples: Piggyback Contract

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