Estimated Quantity Contracts Clause Samples

An Estimated Quantity Contracts clause defines the anticipated amount of goods or services to be provided under a contract, while clarifying that the stated quantities are not guaranteed. In practice, this clause allows the buyer to order more or less than the estimated amount, with payment based on actual quantities delivered or performed. Its core function is to provide flexibility for both parties in situations where exact needs are uncertain, reducing the risk of breach if actual requirements differ from initial estimates.
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Estimated Quantity Contracts. All quantities or ranges of quantities for provision of goods and services under this Agreement are expressly agreed and understood to be estimates or projections. Payments under this estimated quantity contract are expressly agreed and understood to be made for only the quantities, if any, actually ordered during the Agreement term. No guarantee of any quantity(s) is implied or given.
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Estimated Quantity Contracts. 1. Contracts for estimated quantities may be used for purchase, delivery or service orders. When the “Autoridad” requires supply of goods and services in estimated quantities that are shown on the price list on the first part of the contract, it is committed to purchasing these from the contractor during the term of the contract. The amounts indicated on the price list are estimated and do not bind the “Autoridad” to order these, unless the contrary is stated or the price list identifies a minimum quantity, which the “Autoridad” would be obligated to purchase. 2. The goods and services required by the contract shall be acquired by purchase, delivery or service orders issued by the administrative unit responsible for the acquisition. These orders are subject to the terms, conditions and clauses of the contract. In case of discrepancies between the order and the contract, the last shall prevail. 3. The prices agreed to may not be increased during the period of the contract, unless the contract expressly allows this. The contractor agrees to deliver the goods ordered at the price and within the period agreed to. 4. If the “Autoridad” requires urgent delivery of goods and services within a different or shorter period than stated on the contract, and the contractor is unable to accept the order according to the terms, conditions and delivery requirements of said order, the “Autoridad” may purchase the goods and services by any other tendering procedures.. 5. Orders issued during the term of the contract and not completed during said term, shall be completed according to the time limit expressed in the order. The rights and obligations of the parties arising from the contract shall extend up to the date of delivery shown on the order. 6. The place of delivery of the goods or services shall be stated on the order, if different from that stated in the contract, as well as the employee of the “Autoridad” responsible for the inspection and acceptance. 7. The contractor shall submit the corresponding invoice at the time of delivery of the goods and services to the employee of the “Autoridad” identified in the previous paragraph so that he may verify that the delivery and quality of these goods or services conform to the conditions agreed to in the contract and he shall issue his consent so that payment may follow. 8. Once the requirements stated in the previous paragraph have been complied with, the contractor shall submit his invoice, together with the verification ...
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Estimated Quantity Contracts. Estimated quantity contracts are expressly agreed and understood to be made for only the quantities, if any, actually ordered during the contract term. No guarantee of any estimated quantity(s) is implied or given. Unless otherwise set forth in the Bid Specifications, contracts for services and technology are completely voluntary as to use, and therefore no quantities are guaranteed.
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Related to Estimated Quantity Contracts

  • ESTIMATED / SPECIFIC QUANTITY CONTRACTS Estimated quantity contracts, also referred to as indefinite delivery / indefinite quantity contracts, are expressly agreed and understood to be made for only the quantities, if any, actually ordered during the Contract term. No guarantee of any quantity is implied or given. With respect to any specific quantity stated in the contract, the Commissioner reserves the right after award to order up to 20% more or less (rounded to the next highest whole number) than the specific quantities called for in the Contract. Notwithstanding the foregoing, the Commissioner may purchase greater or lesser percentages of Contract quantities should the Commissioner and Contractor so agree. Such agreement may include an equitable price adjustment.

  • ESTIMATED QUANTITIES 1.1 The quantities set forth in the line items and specification document are approximate and represent the estimated requirements for the contract period. 1.2 Items listed may or may not be an inclusive requirements for this category. 1.3 Category items not listed, but distributed by bidder are to be referred to as kindred items. Kindred items shall receive the same percentage of discount or pricing structure as items listed in the specification document. 1.4 The unit prices and the extended total prices shall be used as a basis for the evaluation of bids. The actual quantity of materials necessary may be more or less than the estimates listed in the specification document, but the City/County shall be neither obligated nor limited to any specified amount. If possible, the Owners will restrict increases/decreases to 20% of the estimated quantities listed in the specification document.

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

  • Estimated Closing Statement (i) No later than three (3) Business Days prior to the Closing Date, the Company shall deliver to Acquiror (A) a statement (the “Estimated Closing Statement”) setting forth the Company’s good faith estimates of (1) the Estimated Net Working Capital (as well as the resulting Estimated Net Working Capital Surplus (if any) or Estimated Net Working Capital Shortfall (if any)), (2) the Estimated Transaction Expenses, (3) the Estimated Closing Cash and (4) the Estimated Closing Debt, and (B) a schedule which shall include (1) the Estimated Total Stock Purchase Consideration, (2) wire instructions for the payments to be made to NewCo at the Closing pursuant to Section 2.3(b), (3) each Seller’s Pro Rata Percentage and the portion of the Estimated Total Stock Purchase Consideration attributable to each Seller; and (4) wire instructions for the payments of Debt, and the Estimated Transaction Expenses, including, for the avoidance of doubt, the Transaction Bonuses, to be made to the applicable payees thereof pursuant to Section 2.3(b) (such schedule delivered pursuant to this clause (B), the “Payment Schedule”). The Estimated Closing Statement shall be prepared by the Company in accordance with the Agreed Principles. (ii) The Company shall consider in good faith any reasonable comments or objections to any amounts set forth on the Estimated Closing Statement notified to it by Acquiror prior to the Closing and if, prior to the Closing, the Company and Acquiror agree to make any modification to the Estimated Closing Statement, then the Estimated Closing Statement as so modified shall be deemed to be the Estimated Closing Statement; provided, that the failure of the Company and Acquiror to reach such mutual agreement will not give any party the right to terminate this Agreement or otherwise delay or fail to close the Stock Purchase or the other transactions contemplated hereunder. (iii) Acquiror shall be entitled to rely on the accuracy of the Estimated Closing Statement and the Payment Schedule in all respects in making any payments pursuant to this Agreement, and all obligations to make such payments shall be deemed fulfilled to the extent such payments are made in accordance with this Agreement, the Payment Schedule, and the Estimated Closing Statement, including the Earn-Out Payment. None of Acquiror or any of its Affiliates (including, after the Closing, the Company) or the Seller Representative shall have any liability or obligation to any Person, including the Sellers and the Seller Guarantors, for any Damages arising from or relating to any errors, omissions or inaccuracies in the calculations of the portion of any amounts payable to any Seller or any other Person or any other errors, omissions or inaccuracy in the information set forth on the Estimated Closing Statement or the Payment Schedule.

  • Price Adjustments for OGS Centralized Contracts Periodic price adjustments will occur no more than twice per year on a schedule to be established solely by OGS. Pricing offered shall be fixed for the first twelve (12) months of the Contract term. Such price increases will only apply to the OGS Centralized Contracts and shall not be applied retroactively to Authorized User Agreements or any Mini-bids already submitted to an Authorized User. Price decreases may be made at any time. Additionally, some price decreases shall be calculated in accordance with Appendix B, section 17, Pricing.