Common use of LUMP SUM CONTRACT Clause in Contracts

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. This subclause 2A.3 2.5 only applies where Item 10A 11A 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. This subclause 2A.3 2.5 only applies where Item 10A 11A 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.'