Common use of CONTRACT PRICE BREAKDOWN Clause in Contracts

CONTRACT PRICE BREAKDOWN. (For construction contracts in the Canal area). Within the first ten (10) calendar days after perfecting of the contract and/or as required by the Contracting Officer, the Contractor shall submit, for his approval, a detailed price breakdown of his proposal. Any partial or total supplementary price breakdowns shall be delivered to the Contracting Officer upon request. Payments to the Contractor shall be based on the price breakdowns approved by the Contracting Officer.