Pricing Section Clause Samples
The Pricing Section defines how the costs for goods or services under the agreement are determined and communicated. It typically outlines the specific prices, payment terms, and any conditions that may affect pricing, such as discounts, taxes, or adjustments for changes in scope. This section ensures both parties have a clear understanding of the financial obligations, reducing the risk of disputes over payment and helping to allocate financial risk appropriately.
Pricing Section. [Indicate if there should be a contingency allowance added to the listing of pricing categories. If not desired, please remove]
A. Services/Labor Rates: Vendors shall fill in their services and/or hourly labor rates, ensuring they do not exceed the contract rates established during the Tier-One process. These rates will serve as a basis for determining the Not-to-Exceed (NTE) firm fixed price for this project. Please note that vendors will not be paid on an hourly basis unless explicitly specified in this SOW.
Pricing Section