Common use of Maximum Contract Price Clause in Contracts

Maximum Contract Price. In consideration for the Contractor’s performance of the Contract Work to the full satisfaction of the Owner, the Owner agrees to pay to the Contractor, and the Contractor agrees to accept as full consideration therefor the Maximum Contract Price set forth in Part I of this Contract. The Maximum Contract Price includes all consumable Materials and Equipment which will become part of the finished structure and all other costs of installation, including labor and consumable supplies which will not become a permanent part of the finished structure, the Maximum Contract Price includes the Contractor’s General Conditions, Fee and General Liability Insurance. Any unit prices and cost breakdowns submitted as part of the Contractor’s Proposal attached at Part IV.B of this Contract shall be considered part of this Contract. The Contractor shall note that this Project is subject to Prevailing Wage. The Contractor should note that the first $100,000 of Change Orders will not result in an increase of General Conditions or Fee (or Overhead and profit). For clarification, this includes any Overhead and Profit for the Contractor on this amount. This is the Change Order Limit.

Maximum Contract Price. In consideration for the Contractor’s performance of the Contract Work to the full satisfaction of the Owner, the Owner agrees to pay to the Contractor, and the Contractor agrees to accept as full consideration therefor the Maximum Contract Price set forth in Part I of this Contract. The Maximum Contract Price includes all consumable Materials and Equipment which will become part of the finished structure and all other costs of installation, including labor and consumable supplies which will not become a permanent part of the finished structure, the Maximum Contract Price includes the Contractor’s General Conditions, Fee and General Liability Insurance. Any unit prices and cost breakdowns submitted as part of the Contractor’s Proposal attached at Part IV.B of this Contract shall be considered part of this Contract. The Contractor shall note that this Project is subject to Prevailing Wage. The Contractor should note that the first $100,000 30,000 of Change Orders will not result in an increase of General Conditions or Fee (or Overhead and profit). For clarification, this includes any Overhead and Profit for the Contractor on this amount. This is the Change Order Limit.