Basic Order Agreement

Base Value and All Option Amounts (Total Order Value) – Enter the estimated total value (in dollars and cents) for all orders that should be placed against this contract. (v) provide that failure to comply with a price agreement for an order placed prior to price fixing (see paragraph (d)(3) of this section is a dispute under the dispute resolution clause contained in the basic order contract; and (iv) indicate the date on which each order becomes a binding contract (e.g. B the delivery of the order, the acceptance of the order in a certain way or the non-rejection of the order within a certain number of days); (a) description. a basic contract is a written instrument of agreement negotiated between an agency, contract activity or contract office and a contractor, which contains (1) terms and conditions applicable to future contracts (orders) between the parties during its term; (2) a description as specific as possible of the supplies or services to be provided and (3) the pricing methods; Issuance and delivery of future orders under the basic order contract. A basic order agreement is not a contract. The first step is the definition of an agreement with all the basic provisions and prices of the contract or a final pricing methodology. Individual orders for retail volumes can then be abandoned by local offices for local delivery against this agreement.