1.

What Is The Difference Between Quantity And Value Contracts?

Answer»

Quantity Contracts— When the total quantity to be ordered is known in ADVANCE during the validity period, the QUALITY contract is USED. This contract is considered as FULFILLED when totaling of release orders of a given quantity has been issued.

Value Contracts — When the total value of the release orders does not exceed a definite and predefined value, the Value contract is used. The contract is considered as fulfilled when totaling of release orders of a given value has been issued.

Quantity Contracts— When the total quantity to be ordered is known in advance during the validity period, the quality contract is used. This contract is considered as fulfilled when totaling of release orders of a given quantity has been issued.

Value Contracts — When the total value of the release orders does not exceed a definite and predefined value, the Value contract is used. The contract is considered as fulfilled when totaling of release orders of a given value has been issued.


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