Revised Quote Clause Samples
The Revised Quote clause establishes the process by which a previously issued price quote can be updated or modified. Typically, this clause outlines the circumstances under which a revised quote may be provided, such as changes in project scope, materials, or unforeseen conditions, and specifies how the new quote will be communicated and agreed upon by both parties. Its core function is to ensure that both parties have a clear and mutually accepted understanding of any changes to pricing, thereby preventing disputes and maintaining transparency throughout the transaction.
Revised Quote. (a) At any time prior to accepting a Quote, the Customer may provide notice orally or in writing to TEN requesting an amendment to the Quote.
(b) If, while performing a Supply Agreement, TEN identifies additional Supply Items to be provided which are outside the scope of the Quote, TEN must issue a revised Quote for the provision of these additional Supply Items.