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WWW.aes4home.com. AES Catalog: Pricing Addendum ... Seymour. 8 — 14%. Price increase Effective MAY 1, 2014

How to fill out pricing addendum form

To fill out a pricing addendum, follow these steps:

1. Begin by reviewing the main agreement or contract that the pricing addendum is being attached to. Understand the terms and conditions of the main agreement to ensure that the pricing addendum aligns with the existing terms.
2. Identify the specific details that need to be addressed in the pricing addendum. This may include pricing adjustments, additional fees, discounts, or any other relevant financial information that needs amendment or clarification.
3. Clearly state the purpose of the pricing addendum at the beginning by including a title or heading that describes its intention, such as "Pricing Addendum for Contract XYZ."
4. List all the parties involved in the agreement at the start of the addendum, including their official names and contact information. This ensures that all parties are accurately identified and bound by the addendum's terms.
5. Provide a clear and concise description of the pricing changes or adjustments that are being made. This may include specifying new pricing structures, revised payment terms, or any other modifications to the financial aspects of the main agreement.
6. Include effective dates for the pricing changes or adjustments. Clearly state when the new pricing terms will come into effect and whether they have any retrospective application.
7. If necessary, include any conditions or contingencies that may affect the pricing terms. For instance, if certain milestones or performance targets need to be achieved for the pricing to apply, outline these conditions clearly.
8. Sign and date the pricing addendum, ensuring that all parties involved in the agreement have signed and agreed to the changes. Consider including signature lines for each party along with their printed names to make it formal and legally binding.
9. Keep a copy of the fully executed pricing addendum with the original agreement for future reference and to ensure all parties have a record of the agreed-upon changes.

Who needs a pricing addendum?

A pricing addendum may be necessary in various situations, depending on the nature of the agreement or contract. Some common scenarios where a pricing addendum is required include:

1. Business Contracts: When there is a need to modify the pricing terms in a business agreement, such as changing payment terms, pricing structures, or adding supplementary fees.
2. Real Estate Transactions: When an existing purchase agreement or lease agreement requires adjustments to the pricing details, such as changes in rent, purchase price, or related expenses.
3. Service Contracts: When pricing adjustments are necessary for service providers, such as contractors, consultants, or vendors, due to changes in scope, duration, or any other relevant factors.
4. Government Contracts: When government agencies or contractors need to modify pricing terms as per regulations, amendments, or any changes in project requirements.
5. Subcontractor Agreements: When subcontractors or suppliers require modifications to the pricing terms outlined in the original agreement due to changes in availability, costs, or any other relevant factors.

By understanding who needs a pricing addendum, you can ensure that the necessary parties are involved in the process and that any pricing adjustments are made in a clear and legally binding manner.

For pdfFiller’s FAQs

What is pricing addendum?

The pricing addendum is a document that outlines any additional costs or fees associated with a contract or agreement.

Who is required to file pricing addendum?

The party responsible for submitting the pricing addendum is typically outlined in the terms of the contract or agreement.

How to fill out pricing addendum?

The pricing addendum should be completed with all relevant pricing information and signed by authorized parties.

What is the purpose of pricing addendum?

The purpose of the pricing addendum is to provide transparency and clarity regarding any additional costs associated with the agreement.

What information must be reported on pricing addendum?

The pricing addendum should include detailed information about any additional costs, fees, or pricing adjustments.

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