Common use of OPTION PRICING Clause in Contracts

OPTION PRICING. Bid ID # Description 2020 Pricing Chassis Progress Payment Discount: Discount of approximately 2.5% to 3% of custom chassis price is offered if chassis progress payment is made three (3) months prior to the RFP (ready for pick up from the factory) date. Example: Chassis progress payment in the amount of $220,714.00 could earn a discount of ($6,621.00). This discount is not available for Commercial chassis products. Aerial Device Progress Payment Discount: Discount of approximately 1.5% to 2% of aerial device price is offered if aerial device progress payment is made two (2) months prior to the RFP (ready for pick up from the factory) date. Example: Aerial device progress payment in the amount of $310,385.00 could earn a discount of ($6,207.00). Pre-Pay Discount: Discount amount varies dependent upon apparatus price, delivery schedule, extent of pre- payment, and applicable rate. If elected, payment for the entire contract amount is due within thirty (30) days of contract execution. This deduction is in addition to all other discounts. If this option is elected, final payment for any changes processed during manufacturing is due prior to the unit leaving the factory for delivery. Multiple Units Discount: Discounts may be available for identical multi-unit purchases. Discount varies dependent upon number of identical units purchased and will be handled on a case by case basis. Pricing contained in this Attachment A shall be extended to all NPPGov members upon execution of the Intergovernmental Agreement. Participating Agencies may purchase from Vendor’s authorized dealers and distributors, as applicable, provided the pricing and terms of this Agreement are extended to Participating Agencies by such dealers and distributors. Vendor’s authorized dealers and distributors, as applicable, are identified at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇/find-a-dealer, as may be updated from time to time. [ A current list may be obtained from Vendor.] to Master Price Agreement by and between VENDOR and PURCHASER.