Common use of PAYMENT OF FIXED FEE Clause in Contracts

PAYMENT OF FIXED FEE. The fixed fee specified herein will be paid in installments at the time of each provisional payment on account of the allowable costs. The amount of fixed fee paid will be based upon the ratio the Subcontractor's incurred allowable costs bear to the total estimated cost. In the event the work cannot be completed within the estimated cost, the Contractor may increase the estimated cost without increasing the fixed fee.

PAYMENT OF FIXED FEE. The fixed fee specified herein will be paid in installments at the time of each provisional payment on account of the allowable costs. The amount of fixed fee paid will be based upon the ratio the Subcontractor's incurred allowable costs bear to the total estimated cost. In the event the work Subcontractor cannot be completed complete the work within the estimated cost, the Contractor may increase the estimated cost via Task Order modification without increasing the fixed fee.