Common use of Final Quantities Clause in Contracts

Final Quantities. Upon completion of the work and determination of final pay quantities, a final contract adjustment may be prepared to reconcile any difference between estimated quantities previously paid and the final quantities. In this situation, the value for SI used in the price adjustment formula will be the average of all SI values previously used for computing price adjustments.

Appears in 8 contracts

Samples: Highway Construction Contract, Construction Contract, Highway Construction Contract

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