Economic Price Adjustment Clauses to Reduce Supplier Price Contingencies
Bendorf, C.P.M., Robi
Robi Bendorf, C.P.M., Bendorf & Associates, (www.bendorf.com), 412-856-4453, firstname.lastname@example.org
92nd Annual International Conference Proceedings - 2007 - Las Vegas, NV
Economic price adjustment clauses remove price contingencies put into the final price by suppliers to protect themselves from volatile economic conditions that impact the cost drivers beyond the supplier's control. Learning how to remove the price padding is usually a better solution for both the supplier and the supply professional.