Maintenance Inventory definition
Examples of Maintenance Inventory in a sentence
Without prejudice to any other audit or information requirements set out as part of this Contract, any records kept by the Supplier in connection with the Maintenance Services, the Maintenance Inventory and any service visits shall be made available by the Supplier for inspection by the Authority and/or its authorised representatives on request.
Such refund shall be paid automatically by the Supplier to the Authority within thirty (30) days following the effective date of the removal of the relevant Goods from the Maintenance Inventory and may be by credit note where the Supplier continues to provide ongoing Maintenance Services to the Authority.
By giving a minimum of thirty (30) days written notice to the Supplier, the Authority may remove any Goods from the Maintenance Inventory and discontinue the Maintenance Services on such Goods in the event that: it decommissions or replaces the Goods for health and safety reasons and/or for reliability reasons; it sells, transfers or otherwise disposes of the Goods; the Goods are lost or stolen; or the Goods are replaced by the Authority and the replacement Goods are still under warranty.
If the Supplier removes Goods from the Maintenance Inventory in accordance with Clause 8.1 of this Schedule 9 and no Goods will remain part of the Maintenance Inventory following such removal, the Authority may terminate the Maintenance Services by giving a minimum of thirty (30) days written notice to the Supplier.
If the Authority removes any Goods from the Maintenance Inventory in accordance with Clause 7.1 of this Schedule 9 and no Goods will remain part the Maintenance Inventory following such removal, the Authority may terminate the Maintenance Services by giving a minimum of thirty (30) days written notice to the Supplier.
Such notice may be given by the Authority at any point after it receives the notice of removal of the last remaining Goods in accordance with Clause 8.1 of this Schedule 9 or at any time afterwards, but shall not take effect before the effective date of the removal of such Goods from the Maintenance Inventory.
Following the removal of any Goods from the Maintenance Inventory in accordance with Clauses 7.1 or 8.1 of this Schedule 9: there shall be a pro-rata adjustment to the Contract Price to account for such removal; and where applicable, the Supplier shall make a full refund to the Authority in respect of the balance of the Contract Price paid in advance for any period following the removal of such Goods.
Subject to Clauses 7 and 8 of this Schedule 9, any Goods added to the Maintenance Inventory in accordance with Clause 5.1.3 of this Schedule 9 will be covered by the Maintenance Services for the remainder of the Term from the point set out in the Specification and Tender Response Document at which Maintenance Services are triggered for such substitute Goods or as otherwise agreed by the Parties in writing taking into account any warranty period applicable to such substitute Goods.
The value of the Inventory and Repair and Maintenance Inventory shall be based upon Seller’s actual cost of such Inventory and Repair and Maintenance Inventory, and the value of the cash shall be valued at the face amount thereof.
If the Parties are unable to agree the pro-rata adjustment to the Contract Price in accordance with Clause 9.1.1 of this Schedule 9 within thirty (30) days of the effective date of the removal of such Goods from the Maintenance Inventory, this failure to agree shall be referred to (and resolved in accordance with) the Dispute Resolution Procedure.