General 2. 1.4.1.1 An Activity Schedule is a list of activities which represents the activities expected to be performed in carrying out the works. The Contractor enters lump sum prices against each of these activities. The sum of these lump sums represents the target prices (the total of Prices) which the Contractor estimates he can do the work for. In Option C the Activity Schedule is only used as a means of arriving at the total of the Prices which becomes the ‘target’. The target is adjusted by compensation events in order to keep an equitable share arrangement.
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
