Common use of Lump Sum Based Pricing Clause in Contracts

Lump Sum Based Pricing. 4.5.1.1. When a Service Work Order is authorized for performance on a lump sum basis (“Lump Sum Basis”), the prices for all expected Hourly and Fixed Price Services, the cost of any expected Travel and Living Expenses, and the cost of any expected Reimbursables will be added to calculate a lump sum price (“Lump Sum Price”) applicable to that Service Work Order. The applicable price(s) and costs and method to be used to calculate the Lump Sum Price are specified below. 4.5.1.2. Contractor will be compensated for Lump Sum Basis Service Work Orders according to deliverables or schedule of fixed milestone amounts with each milestone amount associated with the provision and acceptance of individual designated Deliverable(s) as agreed to between the Judicial Council’s Project Manager and Contractor’s Project Manager. The total of the price(s) for all Deliverables must be equal the Lump Sum Price applicable to the Service Work Order. 4.5.1.3. In Service Work Orders authorized on Lump Sum Basis, Contractor is responsible for the provision in full of all of the Services and Materials specified in the Service Work Order as well as bearing all costs and expenses for any Travel and Living Expenses, any Reimbursables expenses, and any other costs and expenses incurred to provide the Services and Materials, regardless of the amount of Contractor’s actual costs and expenses incurred. Contractor shall be compensated solely by payment of a Lump Sum Price.

Appears in 7 contracts

Samples: Master Agreement, Master Agreement, Master Agreement

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Lump Sum Based Pricing. 4.5.1.1. When a Service Work Order is authorized for performance on a lump sum basis (“Lump Sum Basis”), the prices for all expected Hourly and Fixed Price Services, the cost of any expected Travel and Living Expenses, and the cost of any expected Reimbursables will be added to calculate a lump sum price (“Lump Sum Price”) applicable to that Service Work Order. The applicable price(s) and costs and method to be used to calculate the Lump Sum Price are specified below. 4.5.1.2. Contractor Consultant will be compensated for Lump Sum Basis Service Work Orders according to deliverables a percentage of particular phases, deliverables, or schedule of fixed milestone amounts with each milestone amount associated with the provision and acceptance of individual designated Deliverable(s) as agreed to between the Judicial Council’s Council Project Manager and ContractorConsultant’s Project Manager. The total of the price(s) for all Deliverables must be equal the Lump Sum Price applicable to the Service Work Order. 4.5.1.3. In Service Work Orders authorized on Lump Sum Basis, Contractor Consultant is responsible for the provision in full of all of the Services and Materials specified in the Service Work Order as well as bearing all costs and expenses for any Travel and Living Expenses, any Reimbursables expenses, and any other costs and expenses incurred to provide the Services and Materials, regardless of the amount of ContractorConsultant’s actual costs and expenses incurred. Contractor Consultant shall be compensated solely by payment of a Lump Sum Price.

Appears in 4 contracts

Samples: Facility Operations, Maintenance, and Engineering Consulting Services, Facility Operations, Maintenance, and Engineering Consulting Services, Environmental Consulting Agreement

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Lump Sum Based Pricing. 4.5.1.13.2.1.1. When a Service Work Order is authorized for performance on a lump sum basis (“Lump Sum Basis”), the prices for all expected Hourly and Fixed Price Services, services the cost of any expected Travel and Living Expenses, and the cost of any expected Reimbursables will be added to calculate a lump sum price (“Lump Sum Price”) applicable to that Service Work Order. The applicable price(s) and costs and method to be used to calculate the Lump Sum Price are specified below. 4.5.1.23.2.1.2. Contractor Consultant will be compensated for Lump Sum Basis Service Work Orders according to deliverables percentage complete of particular phases, deliverables, or a schedule of fixed milestone amounts with each milestone amount associated with the provision and acceptance of individual designated Deliverable(s) as agreed to between the Judicial Council’s Project Council Manager and Contractor’s Consultant Project Manager. The total of the price(s) for all Deliverables must be equal the Lump Sum Price applicable to the Service Work Order. 4.5.1.33.2.1.3. In Service Work Orders authorized on Lump Sum Basis, Contractor Consultant is responsible for the provision in full of all of the Services and Materials specified in the Service Work Order as well as bearing all costs and expenses for any Travel and Living Expenses, any Reimbursables expenses, and any other costs and expenses incurred to provide the Services and Materials, regardless of the amount of ContractorConsultant’s actual costs and expenses incurred. Contractor Consultant shall be compensated solely by payment of a Lump Sum Price.

Appears in 1 contract

Samples: Consulting Agreement

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