Common use of Balance of the Contract Price Clause in Contracts

Balance of the Contract Price. The total amount payable by the Owner to the Contractor under the Construction Contract after all proper adjustments have been made, including allowance to the Contractor of any amounts received or to be received by the Owner in settlement of insurance or other claims for damages to which the Contractor is entitled, reduced by all valid and proper payments made to or on behalf of the Contractor under the Construction Contract.

Appears in 71 contracts

Samples: Unit Price Concrete/Pavement Services Contract, Unit Price Roofing Services Contract, Unit Price Roofing Services Contract

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Balance of the Contract Price. The total amount payable by the Owner OWNER to the Contractor CONTRACTOR under the Construction Contract after all proper adjustments have been made, including allowance to the Contractor CONTRACTOR of any amounts received or to be received by the Owner OWNER in settlement of insurance or other claims Claims for damages to which the Contractor CONTRACTOR is entitled, reduced by all valid and proper payments made to or on behalf of the Contractor CONTRACTOR under the Construction Contract.

Appears in 11 contracts

Samples: Performance Bond, Maintenance Contract, Maintenance Contract

Balance of the Contract Price. The total amount payable by the Owner to the Contractor under the Construction Contract after all proper adjustments have been made, including allowance to the Contractor of any amounts received or to be received by the Owner in settlement of insurance or other claims Claims for damages to which the Contractor is entitled, reduced by all valid and proper payments made to or on behalf of the Contractor under the Construction Contract.

Appears in 8 contracts

Samples: Contract for Goods and Services, Performance Bond, Telecommunications Fiber Ring Construction Contract

Balance of the Contract Price. The total amount payable by the Owner to the Contractor under the Construction Contract after all proper adjustments have been made, including allowance to the Contractor of any amounts received or to be received by the Owner in settlement of insurance Insurance or other claims for damages to which the Contractor is entitled, reduced by all valid and proper payments made to or on behalf of the Contractor under the Construction Contract.

Appears in 2 contracts

Samples: Master Supply Agreement (Powersecure International, Inc.), Master Supply Agreement (Powersecure International, Inc.)

Balance of the Contract Price. The total amount payable by the Owner to the Contractor Construction Manager under the Construction Management Contract after all the proper adjustments have been made, including allowance to the Contractor Construction Manager of any amounts received or to be received by the Owner in settlement of insurance or other claims for damages to which the Contractor Construction Manager is entitled, reduced by all valid and proper payments made to or on behalf of the Contractor Construction Manager under the Construction Management Contract.

Appears in 1 contract

Samples: Guaranty of Completion (Resort at Summerlin Inc)

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Balance of the Contract Price. The total amount payable by the Owner to the Contractor under the Construction Contract after all proper adjustments have been made, including allowance to the Contractor of any amounts received or to be received by the Owner in settlement of insurance or other claims for damages to which the Contractor is entitled, reduced by all valid and proper payments made to or on behalf of the Contractor under the Construction Contract.. E

Appears in 1 contract

Samples: Contract Agreement

Balance of the Contract Price. The total amount payable by the Owner to the Contractor under the Construction Contract after all proper adjustments (increases and reductions) allowed by the Contract have been made, including including, but not limited to, allowance to the Contractor of any amounts received or to be received by the Owner in settlement of insurance or other claims for damages to which the Contractor is entitled, reduced by all valid and proper payments made to or on behalf of the Contractor under the Construction Contract.

Appears in 1 contract

Samples: Surety Agreement

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