Construction Contract Price Clause Samples
The Construction Contract Price clause defines the total amount that the contractor will be paid for completing the specified construction work. This clause typically outlines whether the price is a fixed lump sum, based on unit rates, or subject to adjustments for changes in scope or unforeseen conditions. By clearly stating the agreed-upon price and the basis for any modifications, this clause ensures both parties understand the financial terms of the contract, reducing the risk of disputes over payment and scope changes.
POPULAR SAMPLE Copied 3 times
Construction Contract Price. The money that Owner has agreed to pay Contractor for completion of the Work in accordance with the Construction Contract Documents.
Construction Contract Price. The total amount paid by Owner to Construction Manager to construct the Project, subject to increase or decrease by the issuance of an approved Change Order.
Construction Contract Price. The Loan Servicer shall have received, in form and substance satisfactory to each Relevant Credit Party in consultation with the Lenders’ Engineer, certification from the Borrower and the Lenders’ Engineer that the price set forth in each Construction Document has not been amended, changed or modified from the price as of the Common Agreement Date, except for Approved Construction Changes.
Construction Contract Price. The Construction Contract Price is the Contract Price due from the District to a Contractor awarded a Construction Contract for the Project.
Construction Contract Price. The money that PCCA has agreed to pay Contractor for completion of the Work in accordance with the Construction Contract Documents.
Construction Contract Price. Payment of the Construction Contract Price shall be in accordance with the following:
Construction Contract Price. The moneys payable by OWNER to a Contractor for completion of the Work in accordance with Construction Contract Documents.
Construction Contract Price. The amount that City has agreed to pay Contractor for completion of the Work in accordance with the Construction Contract Documents.
Construction Contract Price. DOE shall have received, in form and substance satisfactory to DOE in consultation with the Lender’s Engineer, certification from the Borrower and the Lender’s Engineer that the price set forth in each Construction Document has not been amended, changed or modified from the price as of the Financial Closing Date, except for Approved Construction Changes.