Lump Sum Items Sample Clauses

Lump Sum Items. For all Work to be paid on a lump sum basis, Contractor shall, not later than 10 days after execution of the Contract and before submitting its first Pay Request, submit to Owner a schedule showing the value of each component part of such Work in form and with substantiating data acceptable to Owner (“Breakdown Schedule”). The sum of the items listed in the Breakdown Schedule shall equal the amount or amounts set forth in the Schedule of Prices for Lump Sum Work. An unbalanced Breakdown Schedule providing for overpayment of Contractor on component parts of the Work to be performed first will not be accepted. The Breakdown Schedule shall be revised and resubmitted until acceptable to Owner. No payment shall be made for any lump sum item until Contractor has submitted, and Owner has approved, an acceptable Breakdown Schedule. Owner may require that the approved Breakdown Schedule be revised based on developments occurring during the provision and performance of the Work. If Contractor fails to submit a revised Breakdown Schedule that is acceptable to Owner, Owner shall have the right either to suspend Progress and Final Payments for Lump Sum Work or to make such Payments based on Owner’s determination of the value of the Work completed.
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Lump Sum Items. The abatement and cleaning of sites is paid as a lump sum and shall include all labor and equipment needed for cleanup, collecting, removal, and disposal services. Surveying and documenting of site abatement will also be included under the lump sum items. The following requirements are part of and included under the lump sum items.  Work shall consist of clean up and proper disposal of all biohazardous materials, human waste, garbage, general debris, constructed temporary shelters, and other items associated with homeless camps.  The Contractor shall provide all labor, materials, tools, protective clothing, equipment and supplies required to remove homeless camps.  The Contractor shall provide a crew sufficient to clear and clean the site properly.  The Contractor is responsible for the supervision/management of its crew and ensures that all necessary safety procedures are followed.  The Contractor shall separate debris, biological waste, sharps, and other hazardous materials by using proper containers for storage and transport. An OSHA-compliant biohazard sharps container for needles and razor blade pickup shall be utilized.  The Contractor shall remove, transport, and dispose of all debris, biological waste, sharps, and other hazardous substances and materials to proper collections sites (Landfill, Hospitals, County hazardous collection site) while insuring they meet all applicable laws.  The Contractor shall photograph the encampment site before and after the cleanup to document the condition of the homeless camp site. This documentation shall be provided to the NMDOT electronically upon request.  The Contractor shall ensure that personnel working on the site are properly trained and provide copies of training records and certifications as applicable to these abatement services as described in this price agreement.  Mobilization of equipment and man power shall be include as part of the Lump Item.
Sample 1
Lump Sum Items. Paid in Accordance with a Schedule .1 When an interim payment is to be a specified percentage of a lump sum item, and is calculated based on the ratio of the value of Work completed to the interim date, and the Contract Bid Amount, that specified percentage will be included in the calculation of the value of the Work completed to that interim date.
Sample 1
Lump Sum Items 
Sample 1

Related to Lump Sum Items

  • Lump Sum The Change Order cost is determined by mutual agreement as a lump sum amount changing the Contract Sum allowed for completion of the Work. The Change Order shall be substantiated by documentation itemizing the estimated quantities and costs of all labor, materials and equipment required as well as any xxxx-up used. The price change shall include the cost percent allowed for the Contractor's overhead and profit and, if eligible, Time Dependent Overhead Costs.

  • Lump Sum Payments If, during the Employment Period, the Company terminates the Executive's employment other than for Cause, or the Executive terminates employment for Good Reason, the Company shall pay to the Executive the following amounts:

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Lump Sum Compensation Lump sum computation refers to the method of payment under this Agreement for the professional services of the Consultant.

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

  • Lump Sum Payment Upon award of the contract for this improvement, the LA will pay to the STATE, in lump sum, an amount equal to 80% of the LA’s estimated obligation incurred under this Agreement, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs. Method B - Monthly Payments. Upon award of the contract for this improvement, the LA will pay to the STATE, a specified amount each month for an estimated period of months, or until 80% of the LA’s estimated obligation under the provisions of the Agreement has been paid, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs.

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