CONTRACT TYPE AND VALUE Sample Clauses

CONTRACT TYPE AND VALUE. ‌ (a) This is a performance-based, Management and Operating (M&O) Contract with firm fixed price, cost-plus-fixed-fee, and cost-plus-award fee provisions. (b) Transition cost is firm fixed price for CLIN 0001. The firm fixed price for CLIN 0001 is $12,400,000. (c) The estimated cost, fixed fee (FF), award fee (AF), and Total fee earned for CLIN 0002 (DOE/NNSA work) is set forth in Table 1 below: Table 1 -- CLIN 0002 -- Management and Operation of LANL Base Period (Year 1) $TBD $19,588,188 $24,974,940 $44,563,128 TBD Base Period (Year 2) $TBD $20,019,128 $25,524,389 $45,543,517 TBD Base Period (Year 3) $TBD $20,459,549 $26,085,925 $46,545,474 TBD Base Period (Year 4) $TBD $20,909,659 $26,659,815 $47,569,475 TBD Base Period (Year 5) $TBD $21,369,672 $27,246,331 $48,616,003 TBD Option Period 1 (if exercised) $TBD $21,839,804 $27,845,751 $49,685,555 TBD Option Period 2 (if exercised) $TBD $22,320,280 $28,458,357 $50,778,637 TBD Option Period 3 (if exercised) $TBD $22,811,326 $29,084,441 $51,895,767 TBD Option Period 4 (if exercised) $TBD $23,313,175 $29,724,299 $53,037,474 TBD Option Period 5 (if exercised) $TBD $23,826,065 $30,378,233 $54,204,299 TBD [Table 1 DOE/NNSA Estimated Cost to be completed by the Contracting Officer each fiscal year based on the enacted budget for the fiscal year. The Fee amounts to be completed by the Contracting Officer at the effective date of the Contract utilizing the fees determined at Contract award] Note: Total Fee Earned will be filled in by the issuance of a unilateral modification to the Contract. (d) The estimated cost and fixed fee for CLIN 0003 (Strategic Partnership Projects -- Section J, Appendix A, Chapter II Work Scope Structure, paragraph 1.7) are set forth in Table 2 below. The estimated cost and the fixed fee for the Strategic Partnership Projects during the Base Period of the Contract and for each Option Period will be established by the DOE/NNSA prior to the commencement of the applicable fiscal year and will be incorporated into the Table below through a modification to this clause. The FF rate for SPP will not exceed 1.0% of the estimated cost of all projects anticipated for the applicable fiscal year. Table 2 CLIN 0003 -- Strategic Partnership Projects Base Period (Year 1) $TBD $1,656,998 $ TBD Base Period (Year 2) $TBD $1,693,452 $ TBD Base Period (Year 3) $TBD $1,730,708 $ TBD Base Period (Year 4) $TBD $1,768,784 $ TBD Base Period (Year 5) $TBD $1,807,697 $ TBD Option Period 1 (if exercised) $TBD $1,847,46...
Sample 1
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CONTRACT TYPE AND VALUE. [MODIFIED BY MODIFICATION P00006 & P000016] (a) This is a performance-based, Management and Operating (M&O) Contract with firm fixed price, cost-plus-fixed-fee, and cost-plus-award fee provisions. (b) Transition cost is firm fixed price for CLIN 0001. The firm fixed price for CLIN 0001 is $12,400,000. (c) The estimated cost, fixed fee (FF), award fee (AF), and Total fee earned for CLIN 0002 (DOE/NNSA work) is set forth in Table 1 below: Table 1 -- CLIN 0002 -- Management and Operation of LANL [P00016] Base Period (Year 1, 11-months) $1,795,583,912 $17,955,839 $22,893,695 $40,849.534 TBD Base Period (Year 2) $2,001,912,827 $20,019,128 $25,524,389 $45,543,517 TBD Base Period (Year 3) $2,045,954,909 $20,459,549 $26,085,925 $46,545,474 TBD Base Period (Year 4) $2,090,965,917 $20,909,659 $26,659,815 $47,569,475 TBD Base Period (Year 5) $2,136,967,168 $21,369,672 $27,246,331 $48,616,003 TBD Option Period 1 (if exercised) $2,183,980,446 $21,839,804 $27,845,751 $49,685,555 TBD Option Period 2 (if exercised) $2,232,028,015 $22,320,280 $28,458,357 $50,778,637 TBD Option Period 3 (if exercised) $2,281,132,632 $22,811,326 $29,084,441 $51,895,767 TBD Option Period 4 (if exercised) $2,331,317,550 $23,313,175 $29,724,299 $53,037,474 TBD Option Period 5 (if exercised) $2,382,606,536 $23,826,065 $30,378,233 $54,204,299 TBD [Table 1 DOE/NNSA Estimated Cost to be completed by the Contracting Officer each fiscal year based on the enacted budget for the fiscal year. The Fee amounts to be completed by the Contracting Officer at the effective date of the Contract utilizing the fees determined at Contract award] Note: Total Fee Earned will be filled in by the issuance of a unilateral modification to the Contract. (d) The estimated cost and fixed fee for CLIN 0003 (Strategic Partnership Projects -- Section J, Appendix A, Chapter II Work Scope Structure, paragraph 1.7) are set forth in Table 2 below. The estimated cost and the fixed fee for the Strategic Partnership Projects during the Base Period of the Contract and for each Option Period will be established by the DOE/NNSA prior to the commencement of the applicable fiscal year and will be incorporated into the Table below through a modification to this clause. The FF rate for SPP will not exceed 1.0% of the estimated cost of all projects anticipated for the applicable fiscal year. Table 2 CLIN 0003 -- Strategic Partnership Projects [P00016] Base Period (Year 1) $266,383,653 $2,663,836 $269,047,489 Base Period (Year 2) $TBD $TBD ...
Sample 1
CONTRACT TYPE AND VALUE. 5 1.1 Blanket Master Agreement 5 1.1 Contract Release Process 5 1.2 Ceiling Price (Contract Releases) 6 2.0 PAYMENT SCHEDULE 6 2.1 Payment Schedule 6 3.0 PRICING INSTRUCTIONS FOR CHANGE ORDERS/MODIFICATIONS 6 4.0 PAYMENT TERMS 6 4.1 Estimated Billing 7 5.0 INVOICING INSTRUCTIONS 8 5.1 Contractor Invoices 8 6.0 CLOSEOUT and final payment 9 7.0 SPECIAL INSTRUCTIONS 9 7.1 Back Charges 9 1.0 ATTACHMENTS INCORPORATED 10 2.0 ACCEPTANCE OF PROVISIONS, TERMS AND CONDITIONS 10
Sample 1
CONTRACT TYPE AND VALUE. This Contract is a priced Blanket Master Agreement (BMA) contemplating the use of individual Contract Releases as Fixed Unit Rate type contract releases. Any reference to “
Sample 1
CONTRACT TYPE AND VALUE. (a) This Contract is a Cost-Reimbursement Management and Operating type contract that includes Fixed Fees and a Performance Incentive Fee for the Basic Term of the Contract and the Award Term earned periods. Fee is associated with the DOE/NNSA work and Reimbursable work. DOE/NNSA Work as used herein is the work performed by the Contractor that is funded out of the Laboratory’s Table included in the President’s annual budget request for LANL. Reimbursable work as used herein is the work performed by the Contractor that is not funded out of the Laboratory’s Table included in the President’s annual budget request for LANL. (b) Total Estimated Cost for the Contract’s Transition Term. (1) The Total Estimated Cost for the Transition Term of the Contract is: Transition Term of the Contract Total Estimated Cost 01Dec05 – 31May06 $11,796,228 (2) The Transition Term effort shall be performed on a Cost-Reimbursement, no fee basis. (c) Total Estimated Cost, including Fee, for the Contract’s Basic Term related to the DOE/NNSA work effort, excluding Reimbursable work. (1) The Total Estimated Cost, including fee, for the DOE/NNSA work effort, excluding Reimbursable work, for the Basic Term of the Contract is: 01Jun06 – 30Sep06 $ 610,730,667 01Oct06 – 30Sep07 $1,832,192,000 01Oct07 – 30Sep08 $1,832,192,000 01Oct08 – 30Sep09 $1,832,192,000 01Oct09 – 30Sep10 $1,832,192,000 01Oct10 – 30Sep11 $1,832,192,000 01Oct11 – 30Sep12 $1,832,192,000 01Oct12 – 30Sep13 $1,832,192,000 (2) The Maximum Available Fee related to the DOE/NNSA work effort, excluding Reimbursable work, for the Basic Term of the Contract is: 01Jun06 – 30Sep06 $17,788,272 01Oct06 – 30Sep07 $73,280,000 01Oct07 – 30Sep08 $73,280,000 01Oct08 – 30Sep09 $73,280,000 01Oct09 – 30Sep10 $68,700,000 01Oct10 – 30Sep11 $68,700,000 01Oct11 – 30Sep12 $64,120,000 01Oct12 – 30Sep13 $59,540,000 (3) Since the Maximum Available Fee has been established, there will be no annual negotiation of the Maximum Available Fee. However, in the event the Congressional appropriation for a particular fiscal year deviates by more than (plus or minus) 10% from the Total Estimated Cost and Fee, the Contracting Officer shall unilaterally modify the Contract to adjust the Maximum Available Fee for DOE/NNSA related work amounts, except for Reimbursable work, utilizing the calculation method described below: Annual Appropriation Maximum Adjusted --------------------------- X Available = Maximum Available Estimated Fee Base Fee Fee for that Year. (4) Fo...
Sample 1
CONTRACT TYPE AND VALUE. This is a Performance Based Contract for the Management and Operation of DOE/NNSA facilities governed by FAR 17.6, DEAR 917.6 and DEAR Part 970. It is a Management and Operating (M&O) cost- reimbursement Contract with terms for a Fixed Fee, Award Fee, and Cost Savings Incentive Fee for CLIN 0001 and terms for a Fixed Fee and Incentive Fee for CLIN 0002. The contract types and values under CLIN 0003 shall be established as each Sub-CLIN is awarded under CLIN 0003. The total estimated cost, excluding fee and Strategic Partnership Projects/Other Reimbursable Work related to NNSA work: Year Total Estimated 1 $1,775,166,000 2 3 4 $1,814,749,907 $2,021,030,633 $2,244,534,807 5 $2,631,698,436 OPTION I 6 $2,879,573,859 7 OPTION II 8 9 OPTION III 10 [Table to be completed by the Government during the term of the Contract.] • Replace the Section B, CLIN 0001H paragraph in its entirety with the following: Services being Acquired under this CLIN: The Contractor shall, in accordance with Section J, Appendix A, Chapter II, 1.3 Strategic Partnership Projects/Other Reimbursable Work, and all other the terms and conditions of this Contract, provide the personnel, equipment, materials, supplies, and services, (except as may be furnished by the Government) and otherwise do all things necessary for, or incident to effectively, efficiently, and safely perform all Strategic Partnership Projects and Other Reimbursable Work efforts as directed by the Contracting Officer. • Add the following data to the table in Section B, CLIN0001H STRATEGIC PARTNERSHIP PROJECTS/OTHER REIMBURSABLE WORK. Additions are in bolded text: Performance Period Estimated Cost Available Fixed Fee Estimated Cost + Available Fixed Fee Actual Cost Actual Fee Earned 1 Jul 2014 –30 Sep 2015 $41,161,000 $1,235,000 $42,396,000 $38,030,466.67 $1,140,914 1 Oct 2015 –30 Sep 2016 $43,934,854 $1,318,046 $45,252,900 $37,088,447.33 $1,112,653.42 1 Oct 2016 –30 Sep 2017 $38,900,000 $1,167,000 $40,067,000 $39,068,943 $1,172,068.29 1 Oct 2017 –30 Sep 2018 $47,545,633 $1,426,369 $48,972,002 $33,268,200 $998,046 1 Oct 2018 –30 Sep 2019 $49,456,722 $1,483,701 $50,940,423 $44,507,703 $1,335,231 OPTION I ************** ****************** ******************* ************** 1 Oct 2019 -30 Sep 2020 $66,783,791 $2,065,478 $68,849,269 1 Oct 2020 -30 Sep 2021 OPTION II ************** ****************** ******************* ************** 1 Oct 2021 -30 Sep 2022 1 Oct 2022 -30 Sep 2023 OPTION III ************** ****************** ******...
Sample 1

Related to CONTRACT TYPE AND VALUE

  • Contract Type Full time equivalency (FTE); and,

  • THE CONTRACT PRICE A. This Contract is an indefinite-quantity contract for construction work and services. The Estimated Annual Value of this Contract is $2,000,000. This is only an estimate and may increase or decrease at the discretion of Sourcewell. B. The Contractor shall perform any or all Tasks in the Construction Task Catalog for the Unit Price appearing therein multiplied by the following Adjustment Factors:

  • Contract Price 3.1 For full and complete performance, OWNER agrees to pay CONTRACTOR the sum of $659,258.00 payable in accordance with the terms hereof and to the satisfaction of the OWNER.

  • Payment and Contract Price C1 Contract Price C1.1 In consideration of the Contractor’s performance of its obligations under the Contract, the Authority shall pay the Contract Price in accordance with clause C2 (Payment and VAT). C1.2 The Authority shall, in addition to the Contract Price and following evidence of a valid VAT invoice, pay the Contractor a sum equal to the VAT chargeable on the value of the Services supplied in accordance with the Contract. C2 Payment and VAT C2.1 The Authority shall pay all sums due to the Contractor within thirty (30) days of receipt of a valid invoice, submitted Monthly in arrears. C2.2 The Authority shall pay all sums by direct credit transfer into a suitable bank account or by other electronic payment methods as appropriate. C2.3 The Contractor shall ensure that each invoice contains a valid purchase order number. All appropriate references and a detailed breakdown of the Services supplied and any other documentation reasonably required by the Authority to substantiate the invoice should be supplied in accordance with Schedule 2. C2.4 Where the Contractor enters into a sub-contract for the purpose of performing its obligations under the Contract, it shall ensure that a provision is included in such a sub-contract which requires payment to be made of all sums due by the Contractor to the Sub-contractor within a specified period not exceeding thirty (30) days from the receipt of a valid invoice. C2.5 The Contractor shall add VAT to the Contract Price at the prevailing rate as applicable and the Authority shall pay the VAT to the Contractor following its receipt of a valid VAT invoice. C2.6 The Contractor shall indemnify the Authority on a continuing basis against any liability, including any interest, penalties or costs incurred, which is levied, demanded or assessed on the Authority at any time in respect of the Contractor’s failure to account for or to pay any VAT relating to payments made to the Contractor under the Contract. Any amounts due under this clause C2.5 shall be paid by the Contractor to the Authority not less than five (5) Working Days before the date upon which the tax or other liability is payable by the Authority. C2.7 The Contractor shall not suspend the supply of the Services unless the Contractor is entitled to terminate the Contract under clause H2.3 (Termination on Default) for failure to pay undisputed sums of money. Interest shall be payable by the Authority on the late payment of any undisputed sums of money properly invoiced in accordance with the Late Payment of Commercial Debts (Interest) Xxx 0000. C2.8 Where payment by the Authority of all or any part of any invoice rendered or other claim for payment by the Contractor is disputed, this dispute shall be resolved in accordance with the disputed claims procedure as set out in Schedule 2. C3 Recovery of Sums Due C3.1 Wherever under the Contract any sum of money is recoverable from or payable by the Contractor (including any sum which the Contractor is liable to pay to the Authority in respect of any breach of the Contract), the Authority may unilaterally deduct that sum from any sum then due, or which at any later time may become due to the Contractor under the Contract or under any other agreement or contract with the Authority. C3.2 Any overpayment by either Party, whether of the Contract Price or of VAT or otherwise, shall be a sum of money recoverable by the Party who made the overpayment from the Party in receipt of the overpayment. C3.3 The Contractor shall make all payments due to the Authority without any deduction whether by way of set-off, counterclaim, discount, abatement or otherwise unless the Contractor has a valid court order requiring an amount equal to such deduction to be paid by the Authority to the Contractor. C3.4 All payments due shall be made within a reasonable time unless otherwise specified in the Contract, in cleared funds, to such bank or building society account as the recipient Party may from time to time direct. C4 Price adjustment on extension of the Initial Contract Period C4.1 The Contract Price shall apply for the Initial Contract Period. In the event that the Authority agrees to extend the Initial Contract Period pursuant to clause F8 (Extension of Initial Contract Period), the Authority may, where applicable, in the six (6) Month period prior to the expiry of the Initial Contract Period, enter into good faith negotiations with the Contractor (for a period of not more than thirty (30) Working Days) to agree a variation in the Contract Price. For the avoidance of doubt both Parties accept and acknowledge that any Variation to the Contract Price shall not have the effect of altering the economic balance of the Contract during the period of extension in favour of the Contractor in a manner not provided for in the terms of the Contract. C4.2 If the Parties are unable to agree a variation in the Contract Price in accordance with clause C4.1, the Contract shall terminate at the end of the Initial Contract Period. C4.3 If a variation in the Contract Price is agreed between the Authority and the Contractor, the revised Contract Price will take effect from the first day of any period of extension and shall apply during such period of extension. C4.4 Any increase in the Contract Price pursuant to clause C4.1 shall not exceed the percentage change in the Office of National Statistics’ Consumer Prices Index (CPI) (or another such index specified in the Prices & Rates Schedule) between the Commencement Date and the date six (6) Months before the end of the Initial Contract Period.] C5 Euro C5.1 Any requirement of Law to account for the Services in Euro (or to prepare for such accounting) instead of and/or in addition to sterling, shall be implemented by the Contractor at nil charge to the Authority. C5.2 The Authority shall provide all reasonable assistance to facilitate compliance with clause C5.1 by the Contractor. C6 Third Party Revenue C6.1 The Contractor may not obtain any third party revenue, income or credit based on the Services and/or copyright works delivered under this Contract without the express prior written agreement of the Authority.

  • Price Adjustments for OGS Centralized Contracts Periodic price adjustments will occur no more than twice per year on a schedule to be established solely by OGS. Pricing offered shall be fixed for the first twelve (12) months of the Contract term. Such price increases will only apply to the OGS Centralized Contracts and shall not be applied retroactively to Authorized User Agreements or any Mini-bids already submitted to an Authorized User. Price decreases may be made at any time. Additionally, some price decreases shall be calculated in accordance with Appendix B, section 17, Pricing.

  • C1 Contract Price In consideration of the Contractor’s performance of its obligations under the Contract, the Authority shall pay the Contract Price in accordance with clause C2 (Payment and VAT).

  • ESTIMATED / SPECIFIC QUANTITY CONTRACTS Estimated quantity contracts, also referred to as indefinite delivery / indefinite quantity contracts, are expressly agreed and understood to be made for only the quantities, if any, actually ordered during the Contract term. No guarantee of any quantity is implied or given. With respect to any specific quantity stated in the contract, the Commissioner reserves the right after award to order up to 20% more or less (rounded to the next highest whole number) than the specific quantities called for in the Contract. Notwithstanding the foregoing, the Commissioner may purchase greater or lesser percentages of Contract quantities should the Commissioner and Contractor so agree. Such agreement may include an equitable price adjustment.

  • Project Number The project number has been assigned by the Commission as the unique identifier for your project, and it cannot be changed. The project number should appear on each page of the grant agreement preparation documents to prevent errors during its handling.

  • Estimated Number of Participating Households Approximately 6,460. This figure is based on loans with unpaid principal balances ranging from $200,000 to $400,000 with an average funding of $5,000.00.

  • Particular Methods of Procurement of Goods and Works International Competitive Bidding. Goods and works shall be procured under contracts awarded on the basis of International Competitive Bidding.

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