Neysluverðlag

Neysluverðlag, also known as a price list or price schedule, is a document used in Icelandic business and public administration to specify the prices of goods, services, or works. It is a fundamental tool for ensuring transparency and fairness in transactions, as it outlines the agreed-upon prices for items or services before any actual purchase or service provision occurs.

Neysluverðlag is typically prepared by a seller or service provider and is presented to the buyer or client. It serves as a contract between the parties, detailing the prices for each item or service, as well as any applicable taxes, discounts, or payment terms. The buyer or client can then review the Neysluverðlag to ensure that the prices are acceptable and that the terms are fair before proceeding with the transaction.

In Icelandic public administration, Neysluverðlag is used to set prices for public services, such as utilities, transportation, and healthcare. It is prepared by the relevant public entity and is subject to approval by the Icelandic Competition Authority to ensure that the prices are fair and do not violate any competition laws.

Neysluverðlag is an essential tool for businesses and public administration in Iceland, as it helps to ensure that transactions are conducted in a transparent and fair manner. It also provides a clear record of the agreed-upon prices, which can be useful for future reference or dispute resolution.