Common use of Supplier guarantee Clause in Contracts

Supplier guarantee. The Customer will organize the tendering on a semi-annual basis and for materials that fail to be covered in the semi-annual regular tendering, a rolling tendering will be organized; the tendering process will be carried out in either e-commerce or paper form. The purchase quantity provided by the Customer in the tendering process are merely forecast data provided to the Supplier for reference; the Customer will provide updated forecast quantity to the Supplier at changes of the market situation, and the Customer will have no obligation to guarantee that the forecast purchase quantity will be reached. The Supplier agrees to guarantee that: 1) its quotation is true, and it will not do such acts of non-performance after winning the bid, collusion with other competitors for bidding or other acts that intentionally disturb the bidding order or deceptive acts; 2) its quotation must include the taxes, packaging costs, transportation costs and all the other related costs; 3) it will not make bad faith lower-than-cost competitive quotation; 4) the prices it offers to the Customer shall not be higher than those offered to its other customers if the payment conditions, delivery period and purchase number are the same; 5) it will complete the bidding by the deadline date and make sure that the bidding information is complete and accurate; if the Supplier fails to complete the bidding on time for reasons not attributable to the Supplier, it shall notify the Customer prior to the deadline date; 6) after the completion of the tendering, if the market situation experiences big changes, the Supplier must inform the Customer in time, and the Parties shall negotiate to re-determine the price, delivery period and such other business information. The Supplier shall make sure that such information is true; 7) the Supplier must guarantee the delivery and stock during the Customer’s tendering. If any of the Supplier’s Products that has won the bid fails to win the bid consecutively or the bid-winning share has changed, the Supplier must guarantee the normal supply during the period when the tender is changed.