Lump Sum Method Sample Clauses

Lump Sum Method wherein the City of Mexico Beach shall pay the ENGINEER an agreed upon lump sum amount, which includes all of the ENGINEER's Direct Salary, Overhead Costs, Direct Expenses, Subconsultants, and Profit.
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Lump Sum Method. By mutual acceptance of a lump sum price negotiated on the basis of the Contractor’s itemized estimate of the anticipated costs of the Additional Work.
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Lump Sum Method. The Lump-Sum Method shall represent a one-time distribution of Preferred Class Members equal to fifty percent (50%) of the Liquidity Proceeds.
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Lump Sum Method. Acceptable lump sum proposal from Design- Builder properly itemized and supported by sufficient substantiating data to permit evaluation. Estimates for lump sum proposals shall be limited to direct expenditures necessitated specifically by the subject extra work. In addition, the Design-Builder and Subcontractor will be paid a lump sum for overhead, profit, and bond. Supervision of the extra work shall be included in the lump sum percentage for overhead. For added or omitted work by Subcontractors, the Design-Builder shall furnish to the City the Subcontractor's detailed estimate of the cost for labor, material, and equipment, including the markup by the Subcontractor for overhead and profit. Such estimate of cost shall be signed by the Subcontractor. The same requirement shall apply to any Sub-subcontractor or material supplier.
Sample 1
Lump Sum Method. As consideration for providing the services enumerated in Article I, the City of Fernandina Beach shall pay the CONSULTANT fees as defined in the purchase or task order. The CONSULTANT's fees shall be paid in a Lump Sum Amount, which includes all of the CONSULTANT’s Direct Salary, Overhead Costs, Direct Expenses, Sub-contractors, and Profit. The Lump Sum Amount shall not exceed ($ ), the basis of which is detailed in Exhibit “A” and Exhibit “B,” attached hereto and incorporated as if fully set forth herein.
Sample 1
Lump Sum Method. The Lump Sum Method is used when the SOW is well-defined and the total consulting effort can be estimated accurately. The consultant agrees to perform the work for a single total lump sum amount. This amount include all direct labor, overhead, profit, direct cost other than payroll, and the direct cost of work and services by others. The lump sum amount is arrived at through the development and evaluation of estimates of each cost element for the anticipated work and services.‌ Once both parties have agreed to the work effort in an executed Consultant Agreement, a change in the amount of lump sum can only be made if the SOW changes materially, or the exclusion identified in the contract as a task that would warrant a supplement.
Sample 1
Lump Sum Method. The Lump-Sum Method shall represent distribution * on all Properties for Class A Preferred Members or on a particular Property * for each Preferred Class of the additional Preferred Class Members equal to * sixty (60%) percent of the Liquidity Proceeds.
Sample 1
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Lump Sum Method a. Maximum Project Amount: b. Payment Increments: CONTRACTOR shall submit monthly invoices based on a percentage of work complete work as delineated in a progress report accompanying each invoice for approval and processing by the TOWN. c. Reimbursable Expenses (if any): None.
Sample 1
Lump Sum Method 
Sample 1

Related to Lump Sum Method

  • Payment Method Payment shall be made by the Contractor to the Subcontractor as follows: (choose one) ☐ - Immediately upon completion of the Services to the satisfaction of the Contractor. ☐ - Within ____ business days after completion of the Services to the satisfaction of the Contractor. ☐ - Shall be paid on a ☐ weekly ☐ monthly ☐ quarterly ☐ other ______________________ basis. If the Subcontractor completes the Services to the satisfaction of the Contractor, before the full amount or balance has been fully paid, any remaining amount shall be payable immediately. ☐ - Other: ________________________________________________________

  • 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 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.

  • Settlement Method For any Option, Net Share Settlement; provided that if the Relevant Settlement Method set forth below for such Option is not Net Share Settlement, then the Settlement Method for such Option shall be such Relevant Settlement Method, but only if Counterparty shall have notified Dealer of the Relevant Settlement Method in the Notice of Final Settlement Method for such Option.

  • Allocation Method (Choose one of a. or b.): a. [ ] All the same. Using the same allocation method as applies to the Signatory Employer under this Election 28. b. [ ] At least one different. Under the following allocation method(s): .

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