Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the CouncilShow full title

16.4. The draft contract shall: U.K.

(a)

specify the liquidated damages for failure to comply with its clauses;

(b)

specify the details which must be contained in invoices and in the relevant supporting documents in accordance with Article 111;

(c)

state that, when Union institutions award contracts on their own account, the law which applies to the contract is Union law complemented, where necessary, by a national law or, if necessary for building contracts, exclusively national law;

(d)

specify the competent court for hearing disputes;

(e)

specify that the contractor shall comply with applicable obligations in the fields of environmental, social and labour law established by Union law, national law, collective agreements or by the international social and environmental conventions listed in Annex X to Directive 2014/24/EU;

(f)

specify whether the transfer of intellectual property rights will be required;

(g)

state that the price quoted in the tender is firm and non-revisable, or lay down the conditions or formulas for revision of prices during the lifetime of the contract.

For the purposes of point (g) of the first subparagraph, if a revision of prices is set out in the contract, the contracting authority shall take particular account of:

(a)

the subject matter of the procurement and the economic situation in which it is taking place;

(b)

the type of contract and tasks and its duration;

(c)

the financial interests of the contracting authority.

Points (c) and (d) of the first subparagraph of this point may be waived for contracts signed in accordance with point (m) of the second subparagraph of point 11.1.