Notice to Suppliers Regarding Tariff Fees
As we all work together to navigate the evolving landscape around new tariff fees, please be aware of the University’s position to any such fees being added.
Firm Fixed Price Contracts
If you currently hold a firm-fixed price contract with the University, it is the position of the University that no additional tariff fees may be added to the price of the goods (or services) under contract. As is the case with any firm-fixed price contract, the supplier bears the risk of any cost increases, whether due to tariffs or other causes, unless the contract includes specific provisions allowing for such an increase.
To clarify:
- All pricing must remain consistent with the terms and conditions agreed upon at contract execution.
- Invoices that include unauthorized additional charges will be subject to rejection.
- Requests for pricing changes must follow the University’s formal amendment process and receive prior written approval before any adjustments are applied.
Non-Firm Fixed Price Contracts and New Quotes
For any quotes received where a tariff fee has been applied, supplier should be prepared to identify with supporting documentation, which parts, components or materials are specifically having a tariff fee applied and the country of origin. The University will review and validate (or deny) the additional tariff fee prior to purchase.
This is a challenging time for all of us, but the University remains committed to working collaboratively with our suppliers where appropriate through our established processes.
We appreciate your continued partnership and thank you for your understanding as we uphold these necessary standards.