Common use of FIXED PRICE AND CONTRACT PAYMENTS Clause in Contracts

FIXED PRICE AND CONTRACT PAYMENTS. (A) The Owner shall pay, and the Contractor shall accept, as full and complete payment for the Contractor's timely performance of its obligations hereunder the fixed price of Thirty-Four Thousand Four Hundred Ninety-One Dollars and Twenty Cents ($34,491.20). The price set forth in this Subparagraph 7(A) shall constitute the Contract Price, which shall not be modified except by Change Order as provided in this Contract. This fixed price above is based on the quantities indicated based on the actual scope of the project as shown on the construction plans. Should the quantities of any of the items of the work as listed in the executed Proposal and Bid Form be increased, the Contractor shall perform the additional work at the unit bid prices submitted. Should the quantities of any of the items of the work as listed in the executed Proposal and Bid Form be decreased, the Fixed Price shall be reduced accordingly based on the above unit bid prices and the Contractor shall make no claim for anticipated profits or lost overhead for any decrease in quantities. Payments will be made on actual quantifies installed, as measured in place;

Appears in 1 contract

Samples: Construction Contract

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FIXED PRICE AND CONTRACT PAYMENTS. (A) The Owner shall pay, and the Contractor shall accept, as full and complete payment for the Contractor's timely performance of its obligations hereunder the fixed price of ThirtyOne Hundred Twenty-Four Thousand Four Thousand, Six Hundred Ninety-One and 84/100 Dollars and Twenty Cents ($34,491.20124,601.84). The price set forth in this Subparagraph 7(A) shall constitute the Contract Price, which shall not be modified except by Change Order as provided in this Contract. This fixed price above is based on the quantities indicated based on the actual scope of the project as shown on the construction plans. Should the quantities of any of the items of the work as listed in the executed Proposal and Bid Form be increased, the Contractor shall perform the additional work at the unit bid prices submitted. Should the quantities of any of the items of the work as listed in the executed Proposal and Bid Form be decreased, the Fixed Price shall be reduced accordingly based on the above unit bid prices and the Contractor shall make no claim for anticipated profits or lost overhead for any decrease in quantities. Payments will be made on actual quantifies installed, as measured in place;

Appears in 1 contract

Samples: Construction Contract

FIXED PRICE AND CONTRACT PAYMENTS. (A) The Owner shall pay, and the Contractor shall accept, as full and complete payment for the Contractor's timely performance of its obligations hereunder the fixed price of Thirty-Four Two Hundred Twenty Thousand Four Three Hundred Ninety-One Twenty- Eight and 69/100 Dollars and Twenty Cents ($34,491.20220,328.69). The price set forth in this Subparagraph 7(A) shall constitute the Contract Price, which shall not be modified except by Change Order as provided in this Contract. This fixed price above is based on the quantities indicated based on the actual scope of the project as shown on the construction plans. Should the quantities of any of the items of the work as listed in the executed Proposal and Bid Form be increased, the Contractor shall perform the additional work at the unit bid prices submitted. Should the quantities of any of the items of the work as listed in the executed Proposal and Bid Form be decreased, the Fixed Price shall be reduced accordingly based on the above unit bid prices and the Contractor shall make no claim for anticipated profits or lost overhead for any decrease in quantities. Payments will be made on actual quantifies installed, as measured in place;

Appears in 1 contract

Samples: Construction Contract

FIXED PRICE AND CONTRACT PAYMENTS. (A) The Owner shall pay, and the Contractor shall accept, as full and complete payment for the Contractor's timely performance of its obligations hereunder the fixed price of Thirtythree hundred nine thousand eight hundred thirty-Four Thousand Four Hundred Ninety-One Dollars two dollars and Twenty Cents zero cents ($34,491.20309,832.00). The price set forth in this Subparagraph 7(A) shall constitute the Contract Price, which shall not be modified except by Change Order as provided in this Contract. This fixed price above is based on the quantities indicated based on the actual scope of the project as shown on the construction plans. Should the quantities of any of the items of the work as listed in the executed Proposal and Bid Form be increased, the Contractor shall perform the additional work at the unit bid prices submitted. Should the quantities of any of the items of the work as listed in the executed Proposal and Bid Form be decreased, the Fixed Price shall be reduced accordingly based on the above unit bid prices and the Contractor shall make no claim for anticipated profits or lost overhead for any decrease in quantities. Payments will be made on actual quantifies installed, as measured in place;

Appears in 1 contract

Samples: Construction Contract

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FIXED PRICE AND CONTRACT PAYMENTS. (A) The Owner shall pay, and the Contractor shall accept, as full and complete payment for the Contractor's timely performance of its obligations hereunder the fixed price of ThirtyOne-Four Thousand Four Hundred Ninetymillion, nine-One hundred-thirty-one-thousand, nine- hundred-thirty-three and 40/100 Dollars and Twenty Cents ($34,491.201,931,933.40). The price set forth in this Subparagraph 7(A) shall constitute the Contract Price, which shall not be modified except by Change Order as provided in this Contract. This fixed price above is based on the estimated quantities indicated based on the actual scope of the project as shown on the construction plans. Should the quantities of any of the items of the work as listed in the executed Proposal and Bid Form be increased, the Contractor shall perform the additional work at the unit bid prices submitted. Should the quantities of any of the items of the work as listed in the executed Proposal and Bid Form be decreased, the Fixed Price shall be reduced accordingly based on the above unit bid prices and the Contractor shall make no claim for anticipated profits or lost overhead for any decrease in quantities. Payments will be made on actual quantifies installed, as measured in place;

Appears in 1 contract

Samples: Construction Contract

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