Contract Price Amount. (a) As full compensation for the Work and all related obligations to be performed by DBT under the Contract Documents, KYTC will pay to DBT the lump sum “Contract Price.” The Contract Price as used herein shall mean the lump sum amount of $[****], subject to adjustment from time to time to account for adjustments in Change Orders, which shall only be paid based on the actual invoiced value of work. Except as provided in this Section 12.1.1, the Contract Price shall be increased for payment of Extra Work Costs, or decreased, only by a Change Order issued in accordance with Articles 13 or 14. DBT shall not be entitled to any other payments or compensation from KYTC in connection with the Project except as provided for as an increase to the Contract Price by Change Order. The Contract Price shall be paid in accordance with Sections 12.2 and 12.4.
Contract Price Amount. The Contract Price to be paid by Owner to Major Vendor for performance, completion and warranty of the Major Vendor Services and achievement of Handover of the Project by the Guaranteed Handover Date in accordance with this Agreement shall be a lump sum guaranteed maximum fixed price of Fifty-Seven Million Four Hundred Thousand Dollars ($57,400,000). Exhibit A-2 sets forth a breakdown of the allocation of the Contract Price to the Major Vendor Services and Major Equipment to be performed and delivered by Major Vendor and an estimated schedule for the payment of a portion of the Contract Price for performance of such itemized Major Vendor Services and delivery of the Major Equipment.
Contract Price Amount. As total payment for executing Work of Lump-Sum Price Activities, Commission will pay Contractor the lump-sum price of US$682,517,584.80 Dollars(Six Hundred Eighty Two Million Five Hundred Seventeen Thousand Five Hundred Eighty Four U.S. Dollars 80/100___), and for Unit Price Activities Commission will pay Contractor US$65,773,072.59 Dollars (Sixty Five Million Seven Hundred Seventy Three Thousand Seventy Two U.S. Dollars 59/100) (the "Contract Price") plus corresponding value added tax. The amount of US$65,773,072.59 Dollars (Sixty Five Million Seven Hundred Seventy Three Thousand Seventy Two U.S. Dollars 59/100) corresponds to works to be executed under the unit price method established in Annex OE-5A of Section 4 of the Bidding Bases; US$_682,517,584.80 Dollars(Six Hundred Eighty Two Million Five Hundred Seventeen Thousand Five Hundred Eighty Four U.S. Dollars 80/100) corresponds to Works to be executed under the lump-sum price method established in annexes OE-3, OE-4 and OE-5 of Section 4, and therefore the amount includes remuneration or total payment to Contractor for all direct and indirect expenses, profit and other expenses derived from this Contract. The Contract Price that corresponds to the lump-sum price method is a fixed activity and not subject to any modification by any means whatsoever, unless cases when economic situations of a general kind arise, that are manifest and duly proven to be alien to the responsibility of the Parties according to the Law on Public Works and Services Related to These. The Contract Price covers all Works to be provided or executed according to this Contract, including all Works which, although not specifically mentioned in the provisions hereof, may reasonably result necessary or adequate according to Industry Standards for satisfactory completion of the Project.
