Common use of DETAILED BREAKDOWN OF CONTRACT AMOUNT Clause in Contracts

DETAILED BREAKDOWN OF CONTRACT AMOUNT. Except in cases where unit prices form the basis for payment under the contract, the contractor shall within ten days of receipt of notice to proceed, submit a complete breakdown of the contract amount showing the value assigned to each part of the work including an allowance for profit and overhead. Upon approval of the breakdown of the contract amount by the Engineer, it shall be used as the basis of all requests for payment.

DETAILED BREAKDOWN OF CONTRACT AMOUNT. Except in cases where unit prices form the basis for payment under the contractContract, the contractor shall Contractor shall, within ten (10) days of receipt of notice Notice to proceedProceed, submit a complete breakdown of the contract amount Contract Amount showing the value assigned to each part of the work work, including an allowance for profit and overhead. Upon approval of the breakdown of the contract amount Contract Amount by the Engineer, it shall be used as the basis of for all requests Requests for paymentPayment.