Quantity Quoted definition
Quantity Quoted. The quantities of the product(s) the Principal Recipient wishes to procure as indicated in their Purchase Requisition into ▇▇▇▇▇.▇▇▇. Quoted unit price: The price negotiated by Global Fund with respective manufacturers under the Global Fund Framework Agreements or where those do not exist, the unit price based on a solicitation to suppliers by PFSCM. RSM Premium Fee: where applicable, the RSM Premium Fee is calculated as 5% of the cost of products. This surcharge is applicable for all RSM orders in addition to the prevailing Procurement Fee and is used by the Global Fund to fund inventory of products made available under RSM Vendor Management Inventory (VMI). Rapid Supply Mechanism (RSM): A mechanism that enables the Global Fund to respond quickly to imminent shortages, stock-outs, or treatment disruptions of certain product categories faced by Principal Recipients (PRs). Eligibility to access RSM is authorized by the Global Fund. Ship to Address: The location for the delivery of the product(s) as designated by the Principal Recipient in their Purchase Requisition into ▇▇▇▇▇.▇▇▇. Ship to Address can also be referred to as Designated Delivery Point. Total shelf life: means the period from the date of manufacture of the relevant product to the expiry date (as specified by the manufacturer), during which full compliance of the products with the manufacturer’s standards is guaranteed by the manufacturer. The WHO Prequalified or Stringent Regulatory Authority approved shelf life reference and in some instances the product specific batch expiry date will be reflected on the Price Quote. Supplier: Supplier collectively means wholesalers, subcontractors, service providers, distributors, and/or manufacturers of health product(s); in some cases the name of the supplier will appear on the Price Quote.