Price Comparisons Clause Samples
The Price Comparisons clause establishes guidelines for evaluating and comparing the prices of goods or services offered under a contract. Typically, it outlines the criteria or benchmarks to be used when assessing whether the prices charged are competitive, such as referencing market rates, competitor quotes, or historical pricing data. This clause helps ensure that the contracting party receives fair value and prevents overcharging by requiring transparency and justification for the prices set, ultimately promoting cost-effectiveness and accountability in procurement or purchasing decisions.
Price Comparisons. If you enrolled in a fixed price plan, please note that your EDC's tariff rates likely will change from time to time, as will YEP’s prices during any and all renewal periods, and therefore YEP cannot guarantee savings over the EDC's rates during the entire term of this Agreement or any renewals. If you enrolled in a variable price plan, or if you had enrolled in a fixed price plan and your term has expired without renewal such that you’ve been placed on a variable price plan pursuant to Section 5.1, then your price during all such variable pricing periods will reflect market conditions, YEP’s Retail Service Charge, and supply costs, and in addition, the EDC's tariff rates likely will change from time to time; YEP’s price therefore may be higher or lower than your EDC's price during all such variable pricing periods. You may also consult your EDC's Price to Compare shown on your monthly invoice for consideration.
Price Comparisons. Please refer to Section 5.3 above for important information regarding any and all comparisons of your price to the Price to Compare.