Common use of ADJUSTMENT FACTORS Clause in Contracts

ADJUSTMENT FACTORS. The Minimum Contract Value is $25,000. CONTRACTOR will have the opportunity to receive Job Orders totaling at least $25,000 during the Contract term. The Maximum Contract Value is $5,402,865 for the JOC FACILITIES 2022-01 or 2022-02 or 2022-03 or 2022-04. COUNTY does not guarantee CONTRACTOR will receive this volume of Work. COUNTY may award contracts or issue Job Orders to other contractors for the same or similar Work during the term of this Agreement. In no event will CONTRACTOR be issued Job Orders which, in total, exceed the Maximum Contract Value. At no time may the sum of the outstanding Job Orders exceed the amount of the Payment Bond and Performance Bond. A Job Order is outstanding until COUNTY has accepted the Work described in the Job Order by recordation of a Notice of Completion. CONTRACTOR will not be issued Job Orders which in total exceed the Maximum Contract Value.

ADJUSTMENT FACTORS. The Minimum Contract Value is $25,000. CONTRACTOR will have the opportunity to receive Job Orders totaling at least $25,000 during the Contract term. The Maximum Contract Value is $5,402,865 for the JOC FACILITIES ROADS & BRIDGES 2022-01 or 2022-02 or 2022-03 or 2022-0404 or 2022-05 or 2022-06. COUNTY does not guarantee CONTRACTOR will receive this volume of Work. COUNTY may award contracts or issue Job Orders to other contractors for the same or similar Work during the term of this Agreement. In no event will CONTRACTOR be issued Job Orders which, in total, exceed the Maximum Contract Value. At no time may the sum of the outstanding Job Orders exceed the amount of the Payment Bond and Performance Bond. A Job Order is outstanding until COUNTY has accepted the Work described in the Job Order by recordation of a Notice of Completion. CONTRACTOR will not be issued Job Orders which in total exceed the Maximum Contract Value.