Price List Maintenance Clause Samples
The Price List Maintenance clause establishes the procedures and responsibilities for updating and managing the list of prices for goods or services under the agreement. Typically, it outlines how and when price adjustments can be made, who is authorized to make changes, and the process for notifying the other party of updates. This clause ensures that both parties have a clear and current understanding of applicable prices, reducing the risk of disputes and maintaining transparency in commercial transactions.
Price List Maintenance. It is the responsibility of the Contractor to maintain an accurate price list for the lifetime of the contract including marking existing products as discontinued and submitting a complete and accurate price list every six months, or more frequently if needed.
Price List Maintenance. 19.1 Contract prices shall be in the form of a fixed percentage of discounts off the most recent manufacturers published price list that has been approved and incorporated as part of the contract. The published price list may be in the form of an Internet Web site, or Portable Document Format (PDF) versions attached to the contract within the State’s e-Procurement system. The State shall not accept nor shall the Contractor prepare and publish a list exclusive to the State. Price lists shall include part numbers and descriptions (Photos Optional) of all contracted products or groups of products. Non-contracted products or groups of products shall be removed or clearly marked as EXCLUDED from contract.
19.2 The manufacturers published price lists are subject to change at any time; however; price escalations are only permitted at the end of each contract term period effective annually at the time of renewal, and only where verified to the satisfaction of the State. Contract release order/purchase orders placed before a price increase is authorized shall be delivered at the purchase order price. However, if the price should decrease between receipt of the order, and shipment of the order, the Contractor shall invoice at the new lowest discounted price. The percentage discount shall remain the same throughout the term of the contract, to include all renewals, and shall apply to any new equipment, which may be introduced and added to the manufacturer’s product line. Purchasing agencies shall apply the firm fixed discount to the manufacturer’s approved published price list in effect that has been incorporated as part of the Contract by the Purchasing Officer, at the time the order is placed.
Price List Maintenance. It is the responsibility of the Contractor to maintain and to provide to OETC upon request or through the Fulfillment Agent an accurate price list for the lifetime of the contract including marking existing products as discontinued.