Price Competition Clause Samples
The Price Competition clause establishes the requirement for parties to compete on pricing, typically to ensure that goods or services are offered at the most favorable rates. In practice, this clause may mandate that suppliers submit bids or proposals, or that a buyer seeks multiple quotes before making a purchase decision. Its core function is to foster a competitive environment that drives down costs, prevents price fixing, and ensures that the contracting party receives the best possible value.
Price Competition. We model competition as ▇▇▇▇-▇▇▇▇▇▇▇ with differentiated products. Consider first the case where all three firms engage in price competition in a competitive triopoly where there are no authorized generics, i.e. configuration T0. Then the profit maximizing equilib- rium prices are determined by p = c + Ω—1D(p0, p1, p2) and where Ω is a 3 × 3 matrix such that Ωij = —Oij
Price Competition. The Management Committee may decide whether JDS, in the case of purchase WDM Optical Filters, or OCLI, in the case of WDM Products assembly Services, or the Company for both, may purchase WDM Optical Filters or WDM Products assembly Services from third parties (where third parties in this Agreement shall include non-wholly owned subsidiaries of either party) if it determines that the Profits would be greater.
Price Competition. We model competition as ▇▇▇▇-▇▇▇▇▇▇▇ with differentiated products. Consider first the case when all three firms engage in a price competition, a competitive triopoly or T0 and when there are no authorized generics. Then the profit maximizing equilibrium prices are 1 15This follows from the inverse demand function in monopoly defined equivalently as p1 = α(M ) − βq1, which gives the demand function as q1 = a(M ) − b(M )p1 where a(M ) = α(M )/β and b(M ) = 1/β and then using substitution and simplification from earlier relations. Note that as long as β > γ, the WTP in triopoly is always lower than that in monopoly for all λ > 0. Further, it is decreasing function of λ. determined by p = c + Ω−1D(p1, p2, p3) and where Ω is a three by three matrix such that ∂Dj(·)
Price Competition. The Authority will evaluate all responses to ITCs to determine that they are fully compliant with the Authority’s requirements and that any specific requirements been accepted. Only those responses which are deemed to be compliant will be considered for a price competition. The price competition will evaluate the Platts price (based on the Platts Index detailed in the ITC), the Premium / Discount submitted by the supplier in response the requirement and, where applicable, the Authority will state in the ITC if a weighting is to be applied, in accordance with clause 12. The bids will be evaluated in terms of the lowest overall price, taking into account Platts price plus a premium / discount and, where applicable, the weighting factor. For the purpose of the price competition only, the Platts element of the overall price competition will be calculated using the Platts Index detailed in the ITC, based on the average of the mean for the month prior to the date of the competition (M-1). For requirements to deliver F-35 into the GPSS suppliers will be given the option to submit a price in Lots of 5000m³. The Authority reserves the right to award lots to more than one supplier should this result in the lowest overall price. The price competition may, at the Authority’s discretion, take the form of an Electronic Reverse Auction (ERA), further details can be found at clause 10 above. Requirements not subject to an ERA will be evaluated via a paper based ITC (issued via email). The ITC will detail the method of competition. Where a price competition is subject to an ERA the supplier’s bid submitted in response to the ITC will be the auction starting point. The Platts price and Weighting Factor, if applicable, will be fixed during the ERA and not a biddable element. The supplier’s Premium / Discount will be the only element of the overall price to be bid against at the ERA. The premium / discount will be determined by the winning bid(s) at the ERA. The lowest overall price (PLATTS plus Weighing Factor, if applicable, plus Premium / Discount) at the end of the ERA will be the winning bid. For requirements not subject to an ERA, the supplier’s bid submitted in response to the ITC will be deemed to be his best offer. The Platts price plus the supplier’s Premium / Discount and, where applicable, the Weighting Factor will be the overall price offered. The lowest overall price (PLATTS price plus Premium / Discount plus the Weighing Factor, if applicable) bid in response t...
Price Competition. The City reserves the right to award one or more contracts based on any combination of individual line items, categories of line items, or on each bid’s aggregate price. Accordingly, price competition may vary depending on the City’s needs for the resulting contract(s). Once the City determines the basis of competition, the City will sort the bids by price to determine the low bid. Contract will be awarded to the responsible Offeror submitting the low responsive bid.
Price Competition. 8 5.2 Competition Other Than Price.............. 9 5.3 Price of Third Party Filters or Services Included in Costs................ 9 ARTICLE VI PROFIT SHARING...................................... 9