Standing Quotation Clause Samples
A Standing Quotation clause establishes a fixed price or set of terms that remain valid for a specified period, allowing a buyer to place orders under those terms without renegotiation. Typically, this clause applies to goods or services that may be ordered repeatedly, such as office supplies or maintenance services, and the supplier agrees to honor the quoted price for all orders placed within the agreed timeframe. Its core function is to provide price certainty and streamline procurement by eliminating the need for repeated negotiations, thus saving time and reducing administrative burden for both parties.
Standing Quotation. 2.1 This Invitation to Quote relates to the Quotation Subject Matter. The Authority has the intention to establish a Nominated Product Scheme (NPS) for Supply of Sphincterotome, Stent Introducer and Cannulation Catheter in compliance with the requirements in this Invitation to Quote. The Authority has made a tentative plan to commence the NPS on 1 December 2023. The exact commencement date will be specified in the Authority’s letter of acceptance of the Seller’s Standing Quotation.
2.2 The Standing Quotation and all required information (if applicable) must be completed in English or Chinese (except where technical information is expressly required to be provided in English) and in permanent ink or typescript and submitted in the manner stipulated in this Invitation to Quote. Sellers are required to stamp and initial next to any corrections made. Where documents to be provided as part of the Standing Quotation Submission are in a language other than the English or Chinese language, a true, accurate and complete English or Chinese translation certified by the translator stating his/her relevant qualifications shall be provided with the original foreign-language document. Standing Quotations not so completed may not be considered.
2.3 The Schedules issued with this Invitation to Quote must not be altered by the Sellers. Sellers must submit their Standing Quotations on the basis that they accept and agree to all terms and conditions in this Invitation to Quote.
2.4 TWO (2) sets of product information, e.g. catalogues, certificates, technical specifications, brochures, and so on, both hard copies and soft copies for the Goods offered, shall be submitted with the Standing Quotation. Additional copies may be requested by the Authority to facilitate easy reference and evaluation.
2.5 Standing Quotation Submission may not be considered if complete information is not given with the Standing Quotations or if any particulars and data asked for in the Schedules are not furnished in full. Where appropriate, descriptive and technical literature on the Goods shall be submitted with the Standing Quotations. The Authority may request clarification of particulars and data supplied, or additional particulars and data, and if so the Seller shall have five (5) working days or such further period as the Authority may specify to submit such further information. Failure to do so within the time period may deem the Standing Quotation Submission incomplete and such Standing Quotati...
Standing Quotation. 2.1 The Standing Quotation for the supply of Goods must be quoted in Hong Kong dollars and such prices shall be at net prices after allowing for all trade and cash discounts and shall include cost of containers, packing, packing materials, delivery F.I.S.
Standing Quotation. 2.1 The Standing Quotation for the supply of Goods must be quoted in Hong Kong dollars and such prices shall be at net prices after allowing for all trade and cash discounts and shall include cost of containers, packing, packing materials, delivery F.I.S.
2.2 Prices quoted It will be assumed, unless Sellers clearly stipulate otherwise, that their offers will remain valid for the Validity Period. Therefore no request for price increase will be considered. If however a Seller, for commercial reasons, wishes to adjust the prices downward for the remaining of the Validity Period or for a certain period of time during the Validity Period, he may do so. In any such case the basis of the downward price adjustment should be clearly stipulated and accepted by the HA in writing. The revised Standing Quotation will then be used for placing purchase orders by Hospital or on behalf of the Buyer. No promotional offer to individual Hospital/Buyer is allowed.
Standing Quotation. 2.1 The Standing Quotation for the supply of Goods must be quoted in Hong Kong dollars and such prices shall be at net prices after allowing for all trade and cash discounts and shall include cost of containers, packing, packing materials, delivery F.I.S. N.B.: F.I.S. means free into store, i.e. the Seller bears the responsibility for the cost of delivery into the specified location of the Hospital and stacking of goods where necessary.
2.2 Prices quoted It will be assumed, unless Sellers clearly stipulate otherwise, that their offers will remain valid for the Validity Period. Therefore, no request for price increase will be considered. If, however a Seller, for commercial reasons, wishes to adjust the prices downward for the remaining of the Validity Period or for a certain period of time during the Validity Period, he may do so. In any such case the basis of the price adjustment should be clearly stipulated and accepted by the HA in writing. The revised Standing Quotation will then be used for placing purchase orders by Hospital or on behalf of the Buyer. No promotional offer to individual Hospital/Patient is allowed.