The Work – Contract Price Sample Clauses

The Work – Contract Price. 1.01 Builder shall execute the entire Work in accordance with Contract Documents, with protective restrictions, covenants and limitations applicable to the Real Estate, and with applicable laws and building rules and requirements of government authorities having jurisdiction, Builder being able to make, however, such changes, deviations or omissions as may be required, in the sole opinion of Builder, to comply with such protective restrictions, covenants and limitations and such laws, rules and requirements, and to meet suggestions or design changes made by the architect or required by particular conditions of the Work, including easements. 1.02 The price for the Work is either: (A) the Contract Price as stated in Term A, as it may be increased or decreased by Change Order(s) or any other change order(s) agreeable to the parties, or by any other charge Builder is authorized to make under this Contract; or (B) the total of charges computed on a cost- plus basis, if Term B applies. 1.03 If this Contract is upon a cost-plus basis, the parties are to make their own arrangements, evidenced by an addendum or exhibit to this Contract, as to the composition of costs, expenses, percentage of add-on and any other factor(s) to affect the charge of Builder, and the payment of Builder, for the Work. The parties may provide for a schedule of payments tied to cost-plus. Reference in this Contract to Contract Price includes a payment on a cost-plus basis. 1.04 After this Contract is signed, the Work may not be altered, added to, or deleted and the Contract Price may not be adjusted except by a Change Order (an Approved Form) or other written change order signed by the parties, and not by oral agreement, which appropriately details the scope of the Work, rights or obligations and the cost thereof.