LUMP SUM CONTRACT PRICE Sample Clauses
The Lump Sum Contract Price clause establishes a fixed total amount that the contractor will be paid for completing the entire scope of work defined in the contract. Under this arrangement, the contractor agrees to perform all specified tasks and provide all necessary materials for the agreed-upon price, regardless of the actual costs incurred during the project. This clause is commonly used in construction and service contracts to provide cost certainty for the client and incentivize the contractor to manage resources efficiently. Its core function is to allocate the risk of cost overruns to the contractor while ensuring the client knows the total project cost upfront.
LUMP SUM CONTRACT PRICE. The total Lump Sum Contract Price for this Project is $ . The Design-Builder agrees to accept and the LA DOTD agrees to pay for the Work in lawful money of the United States (US) in a timely manner as set forth in the Contract.
LUMP SUM CONTRACT PRICE. 5.1.1 The Design/Build Entity will be paid for the performance of this Agreement, subject to any additions and deductions as provided for in Article 32, 34 and 35 of the General Conditions of the Design/Build Lump Sum Agreement (SC-8.1) the Lump Sum Contract Price of $ dollars and no/100 ($ ) (the “Lump Sum Contract Price”).
LUMP SUM CONTRACT PRICE. [{. . .}][<To be completed>] (excluding GST)] [ Provisional Sums [N/A] [The above lump sum price includes the following Provisional Sums: ] [<To be completed>] ] [7.2.2(b) Cost Reimbursement Contract – allowance for the Contractor’s margin [{. . .}][<To be completed>]]
LUMP SUM CONTRACT PRICE. [{...} (excluding GST)]] Provisional Sums [N/A] [The above lump sum price includes the following Provisional Sums: ]
LUMP SUM CONTRACT PRICE. The total Lump Sum Contract Price for this Project is $ Work in lawful money of the United States (US) in a timely manner as set forth in the Contract.
LUMP SUM CONTRACT PRICE. The lump sum contract price for the purposes of the General Conditions for the design, execution and completion of the Works and the remedying of any Defects in accordance with this Contract shall be [£ ] (excluding Value Added Tax) as adjusted in accordance with this Contract (the “Contract Price”). In consideration of the payment of the Contract Price (together with the Value Added Tax properly chargeable thereon) by the Purchaser to the Contractor in the manner prescribed by this Contract, the Contractor hereby covenants with the Purchaser to design, execute and complete the Works and remedy any Defects in conformity with the provisions of this Contract.
LUMP SUM CONTRACT PRICE. $[Insert] plus GST
LUMP SUM CONTRACT PRICE. The State shall pay Design-Builder the sum of