Reels and Lags - Deposit

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Attention! As part of the Acquisitions Program’s transformation agenda, PSPC is planning to archive and migrate the SACC manual to the CanadaBuys website. The SACC manual will continue to be available on the BuyandSell website to ensure continuity of service during this transition period. At this time, an initial version of the archived version of the SACC has been posted on CanadaBuys. We encourage you to go visit the site and get comfortable with the new format of the SACC at the following:

Archived - Standard Acquisition Clauses and Conditions Manual | CanadaBuys

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Item Information

ID
C5001C
Effective Date
2008-05-12
SACC Manual item status
Active
Parent Section
Price
SACC Item usage
Full text

Revision History

Date Status ID Title
2008-05-12 Active C5001C Reels and Lags - Deposit (2008-05-12) C5001C

Remarks – Recommended Use of SACC Item

Use the following clause in contracts for the purchase of wire and cable when reels and lags are required.

Legal text for SACC item

  1. A deposit will be paid by the client department or agency on reels and lags as follows:
    Reels $_____ Types/Size _____
    Lags $_____ Types/Size _____
  2. The deposit is refundable in full on reels and lags that are returned to the factory transportation costs prepaid and in good condition, within twelve (12) months from the date of shipment.
  3. For each month over twelve (12) months, up to and including the 22nd month, a deduction of 5 percent by month will be made from the deposit, provided the reel or lag is returned to the factory transportation costs prepaid and in good condition.
  4. After the 22nd month, 50 percent of the deposit is refundable for a reel or lag that is returned to the factory transportation costs prepaid and in good condition.
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