Common use of Material Reductions Clause in Contracts

Material Reductions. One hundred percent (100%) of any raw material reduction negotiated by Buyer will be subtracted from the firm fixed prices. The reduced price for each delivery will become effective with the first unit delivered which contains the reduced raw material pricing. Fifty percent (50%) of any raw material reduction negotiated by Seller will be subtracted from the firm fixed prices. The reduced price for each delivery will become effective with the first unit delivered which contains the reduced raw material pricing.

Material Reductions. One hundred percent (100%) of any raw material reduction negotiated by Buyer will be subtracted from the firm fixed prices. The reduced price for each delivery will become effective with the first unit delivered which contains the reduced raw material pricing. Fifty percent (50%) of any raw material reduction negotiated by Seller will be subtracted from the firm fixed prices. The reduced price for each delivery will become effective with the first unit delivered which contains the reduced raw material pricing.