Firm Fixed Price Method. 1. The Contractor and City may mutually agree on a fixed amount as the total compensation for the performance of changed work.
Firm Fixed Price Method. When using the firm, fixed price method, the Parties agree that compensation and payment for full and complete compensation of all work, materials, and services furnished under the terms of this Contract, will be paid to the Consultant for each Project Task Order. The firm, fixed price amount for a Project Task Order shall be based on estimated staff hours, direct labor rates, direct expenses, an overhead rate, and sub- consultant costs. The firm, fixed price amount for each Project Task Order shall not be exceeded unless the City determines that there is a substantial change in scope, character, or complexity of the service from those originally negotiated for the Project Task Order.
Firm Fixed Price Method. For full and complete compensation for all work, materials, and services furnished under the terms of this Agreement, the CONSULTANT shall be paid a firm, fixed price amount for each PROJECT TASK ORDER. The firm, fixed price amount for a PROJECT TASK ORDER shall be based on estimated staff hours, direct labor rates, direct expenses, an overhead rate, and sub-consultant costs. The firm, fixed price amount for each PROJECT TASK ORDER shall not be exceeded unless the DEPARTMENT determines that there is a substantial change in scope, character, or complexity of the service from those originally negotiated for the PROJECT TASK ORDER. Appropriate costs to use as a guide in determining the firm, fixed price amount for each PROJECT TASK ORDER are the costs used by the CONSULTANT and the DEPARTMENT which are attributable to the specific work covered by this Agreement and allowable under the provisions of Subchapter E. Parts 31.105 and 31.2 of the current Federal Acquisition Regulation. These include the following: Salaries of the employees for time directly chargeable to work covered by the Agreement and salaries of principals for time they are productively engaged in work necessary to fulfill the terms of the Agreement.
Firm Fixed Price Method. Upon completion, delivery and acceptance of all work contemplated under a PROJECT TASK ORDER, the CONSULTANT shall submit only one final invoice statement for the balance of the firm, fixed price amount. At such time, payment of 100% of the firm, fixed price amount, less the total of all previous payments, shall be paid by the DEPARTMENT to the CONSULTANT. Except as may be changed by the provisions of SECTION 19, SUBSTANTIAL CHANGES, the maximum total compensation payable under any PROJECT TASK ORDER will not exceed the estimated total costs as described in the PROJECT TASK ORDER and attachments. The CONSULTANT agrees that acceptance of this final payment for the applicable PROJECT TASK ORDER as well as for this Agreement shall be in full and final settlement of all claims arising against the DEPARTMENT for work done, materials furnished, costs incurred, or otherwise arising out of this Agreement and shall release the DEPARTMENT from any and all further claims of whatever nature, whether known or unknown, for and on account of said Agreement, and for any and all work done, and labor and materials furnished, in connection with same. The rate of compensation for work performed on this PROJECT by a professional staff member or employee of the CONSULTANT shall not exceed the salary rate of such person that is applicable to that person’s other activities for the CONSULTANT. Charges for salaries and wages of individuals shall be supported by time and attendance and payroll distribution records. Expense for travel outside the State of Georgia shall not be an allowable direct cost under this contract unless such travel is listed in the budget estimate in the Fee Schedule or approved in writing in advance by the GDOT. In addition, direct allowable costs for travel within the State of Georgia shall be limited to the amount included in the Fee Schedule, unless prior written approval is obtained from the GDOT for increasing such amount. This approval by the GDOT shall not change the total estimated cost as specified herein.
Firm Fixed Price Method. 1. The CONTRACTOR and the AGENCY may mutually agree on a fixed amount as the total compensation for the performance of Change in Work.
