Common use of BEST VALUE PRICING Clause in Contracts

BEST VALUE PRICING. The price to be paid by ▇▇▇▇▇ University shall be that contained in Supplier's quote, bid or proposal, which Supplier warrants to be no higher than Supplier's current prices on orders by others for goods or services of the kind covered by the Contract for similar quantities to similar customers under similar conditions. In the event Supplier breaches this warranty, the prices will be reduced to Supplier's current prices on orders by others or, in the alternative, ▇▇▇▇▇ University may cancel this Contract at its sole option without liability to Supplier.

BEST VALUE PRICING. The price to be paid by ▇▇▇▇▇ University shall UNIVERSITY will be that contained in Supplier's quote, bid or proposal, which Supplier warrants to be no higher than Supplier's current prices on orders by others for goods or services of the kind covered by the Contract for similar quantities to similar customers under similar conditions. In the event Supplier breaches this warranty, the prices will be reduced to Supplier's current prices on orders by others or, in the alternative, ▇▇▇▇▇ University UNIVERSITY may cancel this Contract at its sole option without liability to Supplier.