Common use of Proposal Pricing Clause in Contracts

Proposal Pricing. Prime Vendor shall ensure that BSD receives the best possible Delivered Price for all goods covered by this contract. The required methods for determining product prices in the agreement are for items listed in “Market Basket” may fluctuate as market determines to give best pricing possible for the school district.” The “Market Basket” method shall be used for all items in the Product List. All other items shall employ the Cost plus Fixed Fee method of pricing. Fixed Fee will be held for the entire length of the 1 year contract. Cost Plus Fixed Fee will be .85 per case. Cost is defined below: Cost is derived from the most recent invoice cost to the Prime Vendor distribution center of such product, including any sales, use, excise or other taxes and governmental duties or assessments thereon, whenever assessed, plus applicable freight charges to delivery such products to Prime Vendor’s distribution center, plus storage and handling charges associated with forward purchases, if any. Cash discounts are at the discretion of Prime Vendor and do not reduce the cost of products. When a vendor does not extend a cash discount, a two percent (2%) cash equalization factor is taken in order to establish Prime Vendor’s invoice cost. The cost of all products sold hereunder will be determined by Prime Vendor, and such determination shall be conclusive and binding for all purposes. Prime Vendor provides an array of services for supplier of National, Regional, Local and Prime Vendor Brands beyond typical procurement activities. These value added services including consolidated warehousing, merchandising activities, quality assurance, Prime Vendor brand development, performance based product marketing, and freight management. Prime Vendor recovers the cost of these services through earned income. BSD acknowledges and agrees that such earned income does not reduce the cost basis of the product nor does it impact Prime Vendor’s ability to deliver products at a competitive price.

Proposal Pricing. Prime Vendor shall ensure that BSD The District receives the best possible Delivered Price delivered price for all goods covered by this contract. The required methods for determining product prices in the agreement are for items listed in “Market Basket” may fluctuate as market determines to give best pricing possible for the school district.” The “Market Basket” method shall be used for all items in the Product Listproduct list. All other items shall employ the Cost plus Fixed Fee method of pricing. Fixed Fee will be held for the entire length of the 1 one year contract. Cost Plus plus Fixed Fee will be .85 $1.95 per case. Cost is defined below: Cost is derived from the most recent invoice cost to the Prime Vendor distribution center of such product, including any sales, use, excise or other taxes and governmental duties or assessments thereon, whenever assessed, plus applicable freight charges to delivery deliver such products to Prime Vendor’s distribution center, plus storage and handling charges associated with forward purchases, if any. Cash discounts are at the discretion of Prime Vendor and do not reduce the cost of products. When a vendor does not extend a cash discount, a two percent (2%) cash equalization factor is taken in order to establish Prime Vendor’s invoice cost. The cost of all products sold hereunder will be determined by Prime Vendor, and such determination shall be conclusive and binding for all purposes. Prime Vendor provides an array of services for supplier of Nationalnational, Regionalregional, Local local and Prime Vendor Brands brands beyond typical procurement activities. These value added services including consolidated warehousing, merchandising activities, quality assurance, Prime Vendor brand development, performance based product marketing, and freight management. Prime Vendor recovers the cost of these services through earned income. BSD The District acknowledges and agrees that such earned income does not reduce the cost basis of the product nor does it impact Prime Vendor’s ability to deliver products at a competitive price.