Measurement Price Sample Clauses

The Measurement Price clause defines the method and basis for determining the price of goods, services, or work based on measured quantities. Typically, this clause specifies that payment will be calculated according to actual quantities measured on site or delivered, rather than estimated or lump sum amounts. For example, in construction contracts, the contractor may be paid per cubic meter of concrete poured or per square meter of flooring installed. This clause ensures that compensation accurately reflects the work performed or goods supplied, thereby promoting fairness and transparency in contract payments.