Common use of Tolerance Clause Clause in Contracts

Tolerance Clause. 1Vishwavidyalaya, the purchaser, reserves the right to place the orders on the successful tenderer for additional quantity at the same rates quoted by the bidder. At the option of the purchaser, the quantity can also be reduced when felt necessary.

Tolerance Clause. 1Vishwavidyalaya17.1 Vishwavidyalaya, the purchaser, reserves the right to place the orders on the successful tenderer for additional quantity at the same rates quoted by the bidder. At the option of the purchaser, the quantity can also be reduced when felt necessary. 17.2 The tenderers are bound to accept the orders for additional/less quantity under this clause if orders are issued at the time of placement of contract, or during the currency of the contract.