INTERPRETATION OF ESTIMATES Sample Clauses

INTERPRETATION OF ESTIMATES a. The attention of bidders is called to the fact that, unless stated otherwise, the quantities given in the proposal form are to be considered to be approximate only and are given as a basis for the comparison of bids. The Agency may increase or decrease the amount of any item as may be deemed necessary or expedient, during the period of the contract. b. An increase or decrease in the quantity for any item is not sufficient ground for an increase or decrease in the unit price.
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INTERPRETATION OF ESTIMATES. An estimate of quantities of work to be done or materials to be furnished under the specification is given in Schedule 'A' These quantities are to be considered as approximate and are prepared for the comparison of bids only. The department does not expressly nor by implication agree that the actual quantities involved will correspond exactly therewith, nor shall the bidder plsad misunderstanding or deception because of such estimate of quantities, or of the character, location or other conditions pertaining to the work. The unit prices to be tendered by the bidder are to be tendered expressly for the scheduled items of work and the quantities thereof may be increased or decreased in accordance with clause 7-3-2 below. Payment to the contractor will be made for the actual quantities only of the work . performed or materials furnished in accordance with contract, and it is understood that the schedule quantities of work to be done or materials to be furnished may each be increased or decreased as hereinafter provided, without in any way invalidating the bid price. .

Related to INTERPRETATION OF ESTIMATES

  • Interpretation Nothing herein contained shall be deemed to require the Trust or the Fund to take any action contrary to the Trust’s Declaration of Trust or Bylaws, or any applicable statutory or regulatory requirement to which it is subject or by which it is bound, or to relieve or deprive the Trust’s Board of Trustees of its responsibility for and control of the conduct of the affairs of the Trust or the Fund.

  • Interpretation of Agreement It is understood that the parties hereto intend this Agreement to be interpreted and enforced so as to provide indemnification to Indemnitee to the fullest extent now or hereafter permitted by law.

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