Fixed Price Orders Clause Samples
The Fixed Price Orders clause establishes that the price for goods or services under the order is set and not subject to change. In practice, this means that the buyer and seller agree on a total price at the outset, regardless of any fluctuations in costs or expenses incurred during performance. This clause provides cost certainty for both parties and helps prevent disputes over payment adjustments, ensuring that budgeting and financial planning can be conducted with confidence.
Fixed Price Orders. Unless specifically set forth in Seller’s proposal or quote and accepted by SNC, the stated contract price shall include all charges for labor, packing, shipping, hauling, storage, and transportation to the point of delivery. No separate or additional charges for these items will be accepted. Unless otherwise authorized by Buyer, Seller shall not issue an invoice prior to the actual delivery date of Goods or Services. For Goods, Seller shall forward to SNC, with the invoice, receipt or Bill of Lading signed by the carrier, evidencing the fact that shipment has been made. Payment due dates, including discount periods, shall be calculated from the date of the later of the scheduled delivery date, the actual delivery date, or the date of receipt of a corrected invoice. The cash discount period to SNC, if any, will date from the later of (1) the receipt of a compliant invoice (not from date of the invoice) (2) the actual date of acceptance of the Goods or Services, or, (3) the delivery date specified in the Order. Unless freight and other charges are itemized, any discount shall be taken on the full amount of the invoice. Invoices shall be supported by such documents in such form as Buyer requests and shall bear such certification as may be required by law, regulations or the Purchase Order. All payments are contingent on acceptance of the Goods or Services by SNC. For Goods, Seller shall issue separate invoices for each shipment showing the amount of material shipped. Payment shall not constitute acceptance of the Goods. Payment shall be deemed to have been made on the date SNC’s check is mailed or payment is otherwise tendered. Seller shall promptly repay SNC any amounts paid in excess of amount due Seller.
Fixed Price Orders. Fixed Price (FP) orders are executed outside the Agency’s premises as a rule (i.e. off-site or extra-muros) or exceptionally at the Agency’s premises. In a Fixed Price order the Agency specifies the deliverables corresponding to the work to be delivered with expected delays. • The Contractor must present proposals meeting the requirements as specified in the Service Requests and associated annexes (specifications, work packages, deliverables, deadlines etc.). • The offer must include a project plan. It has to indicate the proposed activities, the team structure, profiles, roles, responsibilities and workload (person-days) of the different team members. Based on this, the financial offer must be based on the estimation of the number of days for each profile. • The offer must include the list of staff members and their CVs proposed for the execution of the order. Contractor’s staff must match the profile descriptions as laid down in the Technical Specifications of the Framework Contract. • The offer must also include the financial bid, which must include the price and the reimbursables, where applicable. The price must be based on the off-site fixed prices per person-day indicated in the financial proposal for the Framework Contract. The prices must be all–inclusive. However, travel expenses shall be reimbursed, but only in case of work performed at a location other than the Contractor’s premises, as indicated in the request for services. • The work is performed off-site, typically on Contractor’s premises. The Contractor shall provide all necessary infrastructures on his premises for the successful execution of the work. • If required by the Agency, meetings and the presentation of the deliverables, and their acceptance process, may take place at the Agency’s premises. • The deliverables must be in line with the delivery schedule, and conform to the specifications as described in the specific contract. A warranty shall apply to the deliverables accepted by the Agency. • The invoicing is based on the acceptance of the deliverables by the Agency, independently of the real workload.
Fixed Price Orders. Fixed-price orders are defined under Federal Acquisition Regulation (FAR) Subpart 16.2, Fixed- Price Contracts, and other applicable agency-specific regulatory supplements.
Fixed Price Orders. (a) Pricing. Seller agrees and warrants that the price offered to ▇▇▇▇▇ is equal to or lower than the price offered to his most favored customers in like circumstances, and Seller further warrants that Buyer may truthfully certify the same.