Common use of Tolerance Clause Clause in Contracts

Tolerance Clause. To take care of any change in the requirement during the period starting from issue of RFP till placement of the contract, Buyer reserves the right to 25% plus/minus increase or decrease in the quantity of Refined Iodized Salt and Salt Rock/Evaporated Salt upto that limit without any change in the terms & conditions and prices quoted by the Seller. While awarding the contract, the quantity ordered can be increased or decreased by the Buyer within this tolerance limit.

Appears in 3 contracts

Sources: Contract for Supply of Refined Iodized Salt, Contract for Supply of Refined Iodized Salt, Contract for Supply of Refined Iodized Salt