Exchange suppliers asked to sign 'money back' deal
3 April 2012
A government-backed public-sector trading exchange is asking suppliers to sign a "John Lewis" type agreement to guarantee purchasers using the online service of the lowest prices.
Suppliers will lock themselves into a price structure that will see them having to pay buyers the difference if they can find the products cheaper elsewhere.
"It's being 'never knowingly undersold' where your supplier agrees that if they sold the same product on the same basis and number at a lower price somewhere else, the supplier will compensate our clients...