Quantity Contract Sample Clauses

A Quantity Contract is a contractual provision that sets out the specific amount of goods or services to be supplied over a defined period. Typically, it details the minimum and/or maximum quantities that the buyer is obligated to purchase and the seller is required to deliver, often including schedules or mechanisms for ordering and delivery. This clause ensures both parties have clear expectations regarding supply commitments, reducing the risk of disputes over quantities and helping to manage inventory and production planning.
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Quantity Contract. Use this type of contract if the total quantity to be ordered during the validity period of the contract is known in advance. The contract is regarded as totaling a given quantity have been issued. fulfilled when release orders Quantity contract can also be created as Plant specific contract and Global Contract. Difference between Rate contract and quantity contract is as below.
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Quantity Contract. Contract to fix a qty of material to bepurchased from the vendors for the month, for the quarter or for the year b. Value Contract: Contract to fix a value of material to be purchasedform the vendors for the month, for the quarter or for the year2). Schedule Agreement : Agreement to specify delivery date/schedule forordered qty of materialFor Eg;ABC Company can give us only 50000 Nos. of Pen for the month, for thequarter or for the year (Qty. Contract)ABC Company can give us only Pen for Rs. 100000/- for the month, for thequarter or for the year (Value Contract)We need 10000 Nos. (As per one P.O. on 04.12.2014) of Pens as per followingdelivery schedule; (Schedule Agreement).on 05.12.2014 - 5000 Nos.on 10.12.2014 - 5000 Nos.Please reply if satisfied with the answer.Regards,▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Dear ▇▇▇▇,Definitely.However question was on elementary thing hence I have refrained from ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ are definitely right.Regards,CNT Hi ▇▇▇▇▇▇▇▇▇▇,You answer is very crisp and easy to understand, Thank You.I would like to add few more points with regard to inforecord.Yes the InfoRecord is an information about a particular material and vendorcombination. 1) The main purpose of inforecord is to copy the data from inforecord toother purchasing documents like, RFQ, PO and Outlineagreements so that this saves data entry time.2) Inforecord can be created manually using ME11 transaction or can beautomatically created while entering Quotation or PO or Outlineagreementsusing INFOUPDATE option.3) InForecord can be created with or without material master and with orwith out plant.4) Types of Inforecords:StandardPipelineConsignmentSubcontract.Outline agreement:▇▇▇▇▇▇▇▇▇▇ has already explained beautifully thanks once again.Hope my answer is useful.Thank ▇▇▇▇▇▇▇▇▇ Dear ▇▇▇▇▇▇,Thank you very much for adding information, I will keep this in my mind ▇▇▇▇▇▇▇▇.▇▇▇ can you help in the following error..?*Posting Period 012 - 2014 is not open*Regards,▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Hello,Could you please open your sap books to post the entries FI-related posting pls go to t ob52and MM related posting please go to mmpvRegards,▇▇▇▇▇▇▇ Hi ▇▇▇▇,Greetings...Go To MMPV transaction give period as 12/2014,It will close 11/2014 and open for current period.After doing this you can verify the current posting period in transactionMMRV.Please try and let me know in case of any issues.▇▇▇▇▇▇. If you create a purchase requisition manually in SAP S/4HANA and the system determines several valid equivale...
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Quantity Contract. Definition
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Quantity Contract. In purchasing Contract Quantity contract is the sub type of it. In which Quantity of material is fix with the vendor/supplier for specific time period.
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Quantity Contract. 4.1 Under the quantity contract, the Supplier shall be ready to deliver a certain quantity of Contrac- tual Products to Atlas. Atlas shall send the Supplier a quantity contract in writing, containing at least: Order number, reference to this Framework Agreement, material, contract quantity (acceptance only exists if this is expressly agreed upon in writing), price, duration, delivery times where already set, place of fulfillment, other terms of delivery and payment, as agreed in writing between the Parties in addition to this Framework Agreement. 4.2 If the Supplier does not object, in writing, within ten working days after receipt of the quantity contract, this shall be deemed as confirmation and acceptance. The Supplier hereby offers Atlas the delivery of the Contractual Product in accordance with the terms and conditions of the quantity contract and the delivery dates to be stipulated by Atlas, provided the dates are at least 5 working days from receipt of the delivery schedule (Section 4.3). 4.3 For the retrieval of a certain quantity of Contractual Products, Atlas shall provide the Supplier, in writing, with a delivery schedule containing at least: Order number, reference to this Framework Agreement, material, delivery quantity, price, delivery dates for the individual released quantity, place of fulfillment, other terms of delivery and payment, insofar as agreed in derogation of the above by the Parties in this Framework Agreement 4.4 The Supplier shall permanently store at least 50% of the contract volume and deliver it to Atlas within five working days, provided that Atlas has given the Supplier a written delivery schedule. Should the delivery schedule from Atlas exceed the quantity to be stored, the Supplier shall immediately pro- duce the additional quantity and deliver it to Atlas. The Supplier shall also have sufficient personnel on hand and the technical capacity necessary to deliver the target quantity specified in the delivery sched- ule as well as an additional quantity of 15%.
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Related to Quantity Contract

  • ESTIMATED / SPECIFIC QUANTITY CONTRACTS Estimated quantity contracts, also referred to as indefinite delivery / indefinite quantity contracts, are expressly agreed and understood to be made for only the quantities, if any, actually ordered during the Contract term. No guarantee of any quantity is implied or given. With respect to any specific quantity stated in the contract, the Commissioner reserves the right after award to order up to 20% more or less (rounded to the next highest whole number) than the specific quantities called for in the Contract. Notwithstanding the foregoing, the Commissioner may purchase greater or lesser percentages of Contract quantities should the Commissioner and Contractor so agree. Such agreement may include an equitable price adjustment.

  • QUANTITY BASIS OF CONTRACT – NO GUARANTEED QUANTITIES The contract established has no guarantee of any specific quantity and the State is obligated only to buy that quantity which is needed by its agencies.

  • Spare Parts 52.1 The Supplier may be required to provide any or all of the following materials, notifications, and information pertaining to spare parts manufactured or distributed by the Supplier. (a) Such spare parts as the Purchaser may choose to purchase from the Supplier, provided that this election will not relieve the supplier of any warranty obligations under the contract; and (b) In the event of termination of production of the spare parts: (c) Advance notification to the Purchaser of the impending termination. (d) Time to permit the Purchase to procure needed requirement; and following such termination, furnishing at no cost to the Purchaser, the blueprints, drawings, and specifications of the spare parts, if requested.

  • ODUF Packing Specifications 6.3.1 A pack will contain a minimum of one message record or a maximum of 99,999 message records plus a pack header record and a pack trailer record. One transmission can contain a maximum of 99 packs and a minimum of one pack.

  • Packaging Materials and Containers for Retail Sale 1. When packaging materials and containers in which a good is packaged for retail sales are classified in the Harmonized System with the good, they shall not be taken into account in determining whether all non-originating materials used in the production of the good undergo the applicable change in tariff classification set out in Annex 4.03. 2. When the good is subject to a requirement of regional value content, the value of these packaging materials and containers shall be taken into account as originating or non-originating materials, as the case may be, in calculating the regional value content of the good.