8. Price and Payment
(1) The Contract Price shall be firm and shall not be subject to any adjustments on account of escalation in respect of materials and/or labor costs, variation in rates of exchange, or any other causes
whatsoever unless otherwise clearly specified in the Purchase Order.
(2) The Contract Price shall, unless otherwise clearly specified in the Purchase Order, be deemed to
include any and all costs and expenses for the performance of the Work under the Purchase Order.
Taxes, fees, overheads, liabilities, profit, costs and expenses for import/export and any other charges
whatever they may be called shall be deemed to be included in the Contract Price.
(3) The Purchaser shall have the right to offset any monies due from the Vendor to the Purchaser against any monies due from the Purchaser to the Vendor, regardless of whether such monies are due under the Purchase Order or not.