Common use of Single Payment (Lump Sum Clause in Contracts

Single Payment (Lump Sum. the Fixed-Fee will be one payment following completion and Agency approval of all required Services and deliverables. Consultant acknowledges and agrees that the Fixed-Fee is only due and payable for work authorized by Agency and satisfactorily completed by Consultant. The Fixed-Fee is earned for complete performance of the WOC, and if less than full performance is made, Agency is entitled to a reduction of the Fixed-Fee based on the percentage of completion of the work.

Appears in 7 contracts

Samples: Price Agreement, Price Agreement, Price Agreement

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