General 2. 1.1.1 The Contractor is paid under Option C (Target contract with activity schedule) for the works. He is paid on a monthly basis his cost as defined in the contract, less deductions for disallowed cost plus the Fee calculated in accordance with the contract using the data contained in Contract Data: Part 2 – Data provided by the Contractor. He is also, after the Completion of the whole of the works, paid his share, if any, of the “gain” or pays the Employer his share, if any, of the “pain”, based on the difference between the total of Prices (lump sum prices for activities), adjusted in terms of the contract for compensation events, and his costs and the share percentages contained in the Contract Data: Part 1 – Data provided by the Employer.
Appears in 6 contracts
Samples: Contract for Professional Consulting Services, Contract for Engineering Procurement and Construction (Epc) Services, Contract for Engineering Procurement and Construction (Epc) Services
