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1101 Texas Avenue College Station, TX 77840 www.cstx.govANNUAL PRICE AGREEMENT AND SPECIFICATIONS FOR JANITORIAL SUPPLIES BID #18050 BID OPENING DATE: July 25, 2018 2:00 P.M. CST Sealed bids are due
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How to fill out annual price agreement and

01
To fill out an annual price agreement, follow these steps:
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Start by writing the date at the top of the agreement.
03
Include the names and contact information of both parties involved in the agreement.
04
Clearly state the purpose of the agreement, i.e., setting the prices for goods or services on an annual basis.
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Specify the duration of the agreement, such as one year from the effective date.
06
Outline the pricing structure, including any discounts, bulk pricing options, or price adjustments.
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Include terms and conditions related to payment terms, invoicing, and late payment penalties, if applicable.
08
Ensure both parties review and agree to the terms before signing the agreement.
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Sign and date the agreement in the presence of witnesses, if required or desired.
10
Keep a copy of the signed agreement for future reference.
11
Periodically review and update the agreement as necessary to reflect changes in pricing or terms.
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Note: It is advisable to consult with a legal professional to ensure the agreement complies with local laws and regulations.

Who needs annual price agreement and?

01
An annual price agreement is typically needed by:
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- Businesses that regularly purchase goods or services from suppliers for a long-term period.
03
- Suppliers who want to establish a fixed pricing structure for their products or services.
04
- Organizations that want to ensure pricing stability and avoid frequent renegotiations.
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- Parties involved in complex business deals where pricing is a significant factor.
06
- Individuals or companies involved in joint ventures or strategic partnerships where products or services are exchanged at defined prices.
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Note: The specific need for an annual price agreement may vary depending on the industry, business model, and individual circumstances.
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