Common use of Reduced Value Deduction Clause in Contracts

Reduced Value Deduction. The [County] [City] [State] may reduce the Contract price to reflect the reduced value of the services performed. This method is normally used when the work is performed by the, [County] [City] [State] or another contractor rather than the Contractor under this contract. The amount of the deduction is equal to the value of the service(s) not performed. As appropriate, calculation of deductions for certain deficiencies will be made using approved methods allowed by the contract clause entitled "Inspection of Services".

Appears in 5 contracts

Samples: cdn.cocodoc.com, kyem.ky.gov, kyem.ky.gov

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