LUMP SUM CONTRACT. In the event of conflict between the County’s Contract Terms and Conditions and Specifications and 2007 VDOT Road & Bridge Specifications, the County’s Terms and Conditions and Specifications shall prevail, unless Contractor is directed otherwise by the County.
LUMP SUM CONTRACT. This subclause 2A.3 only applies where Item 10A states that the Contract is a lump sum contract. The Principal shall pay the Contractor the sum of the lump sums stated in the price schedule, adjusted by any additions or deductions made pursuant to the Contract. Where, otherwise than by reason of a direction to vary WUC, the actual quantity of an item required to perform the Contract is greater or less than the quantity shown in the price schedule the Contractor shall carry out that greater or lesser quantity as if it were originally stated in the Contract and there shall be no adjustment to the contract sum. The price schedule may be used by the Superintendent as a guide in the assessment of progress claims, variations and other adjustments to the contract sum permitted by the Contract, but for no other purpose.'
LUMP SUM CONTRACT. The Subconsultant is being hired to perform professional services in connection with the Project as set forth herein. In consideration for the services performed, the Consultant shall pay to the subconsultant the Fee as provided herein. The Fee includes compensation for any cost to be incurred by the subconsultant, and the subconsultant shall not be reimbursed for costs incurred outside of the agreed-u[on Fee. The subconsultant shall bear the costs, and resulting risks, of performing this Agreement. The subconsultant may only be paid for work actually performed.
LUMP SUM CONTRACT. The Contract is a lump sum fixed price contract. The items and quantities allowed in the Contract or those quoted by the Contractor are for reference only. Unless it is expressly stipulated by HKUST in the Contract that the quantities of any items are provisional and will be remeasured on completion of the Works, the contract sum shall not be subject to change if the final quantities installed or provided are different from the quantities therein.
LUMP SUM CONTRACT. 32.1. If a Lump-Sum contract form is included in the RFP, the Bidder is deemed to have included all prices in the Financial Proposal, so neither arithmetical corrections nor price adjustments shall be made. The total price, net of taxes understood as per Clause 33 below, specified in the Financial Proposal (Section 5A) shall be considered as the offered price. 33. Taxes 33.
LUMP SUM CONTRACT. If this is a Unit Price Contract, the unit prices are set forth in the Scope of Work. Contractor is not authorized to undertake any efforts or incur any costs whatsoever under the terms of this agreement until receipt of a fully executed Purchase Order from the Finance Department of the City of Saratoga and a notice to proceed from the Administrator.
LUMP SUM CONTRACT. This type of contract is used mainly for assignments in which the scope and the duration of the Services and the required output of the Consultant are clearly defined. Payments are linked to outputs (deliverables) such as draft or final reports, drawings, bill of quantities, bidding documents, or software programs. Lump-sum contracts are easier to administer because they operate on the principle of a fixed price for a fixed scope, and payments are due on clearly specified out puts and milestones. Never the less, quality control of the Consultant's outputs by the Procuring Entity s paramount.
LUMP SUM CONTRACT. 1. For providing, performing, and completing all Work included for the base bid, the total Contract Price of: Dollars and Cents (in writing) (in writing) Dollars and Cents (in figures) (in figures)
2. For providing, performing, and completing all Work included in Alternative #1 (replacement of flooring in the kitchen), an additional price of: Dollars and Cents (in writing) (in writing) Dollars and Cents (in figures) (in figures)
3. For providing, performing, and completing all Work included in Alternative #2 (completing the project in two phases), an additional price of: Dollars and Cents (in writing) (in writing) Dollars and Cents (in figures) (in figures)
4. For providing, performing, and completing all Work included in Alternative #3 (completing the construction in the lunchroom), an additional price of: Dollars and Cents (in writing) (in writing) Dollars and Cents (in figures) (in figures)
LUMP SUM CONTRACT. A lump sum contract refers to a construction contract in which the parties agree to calculate, adjust and confirm the contract price based on the construction drawings, priced bills of quantities or budgets and related conditions, and the total contract price shall not be adjusted within the agreed scope. The parties shall agree on the scope of risks included in the lump sum and the method of calculating risk costs in the special contract terms, and agree on the method of adjusting the contract price outside the risk scope, among which adjustments due to market price fluctuations shall be implemented in accordance with Section 11.1 [Adjustments due to market price fluctuations], and adjustments due to legal changes shall be implemented in accordance with Section 11.2 [Adjustments due to legal changes].
LUMP SUM CONTRACT. A written contract between the County and Contractor wherein the County agrees the pay the contractor a specified sum of money for completing a scope of work consisting of a variety of unspecified items or work.
