Value of Agreement Sample Clauses
The "Value of Agreement" clause defines how the worth or consideration of the contract is determined and recognized by the parties. Typically, this clause outlines the total monetary value or the specific benefits exchanged under the agreement, clarifying whether the value is fixed, variable, or subject to adjustment based on certain conditions. For example, it may specify the total purchase price in a sale or the aggregate fees in a service contract. Its core function is to ensure both parties have a clear, mutual understanding of the contract's financial or material significance, thereby reducing disputes over what is being exchanged and the adequacy of consideration.
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Value of Agreement. The value of this Agreement is $[INSERT] (“Design Fee”). This amount includes Program of Requirements (“POR”), Schematic Design fee of
Section 3.5.1 Not-to-Exceed (“NTE”) Amount. Notwithstanding Section 3.5 above, the A/E will be paid an amount NTE $[INSERT] at this time. In no event shall the A/E be paid more than this amount unless the A/E is authorized to exceed this limit in advance and in writing by a DGS Contracting Officer. Any future increases to the NTE amount shall be authorized via a modification to this Agreement.
Value of Agreement. The value of this agreement is $[INSERT]. This amount includes Concept Design fee of $[INSERT]; Schematic Design fee of $[INSERT]; Design Development fee of $[INSERT]; Permit Set fee of $[INSERT]; Issued for Construction Documents fee of $[INSERT]; Construction Administration & Close-out fee of $[INSERT]; and an Owner’s Allowance of $[300,000.00] for permit fees as set forth in Section 4.5 of this Agreement. A schedule of values is included in Exhibit C.
Value of Agreement. To the extent this Agreement constitutes a contract for goods or services, during the term of this Agreement the Escrow Agent will not receive compensation of $100,000 or more.
Value of Agreement. To the extent this Agreement constitutes a contract for goods or services, during the term of this Agreement the Bank will not receive compensation of $100,000 or more.
Value of Agreement. The value of this Agreement is [Insert Amount]. This amount includes Title I pre-design services; Design Development Drawings; a Permit Set of construction documents; and 100% construction documents (IFC Set); as well as Title II Construction Administration Services (altogether, the “Design Fee”). An allowance in the amount of $[INSERT AMOUNT] is established for reimbursable expenses. A schedule of values is included in Exhibit C.
Value of Agreement. The Contractor shall be entitled to receive a minimum of Fifty Dollars ($50) pursuant to this Agreement regardless of whether any work is assigned to the Contractor pursuant to any Task Order issued pursuant to this Agreement. All amounts must be authorized by Task Order., however, in no event shall the Contractor be entitled to receive more than [NTE AMOUNT] for work performed pursuant to all Task Orders issued pursuant to this Agreement.
Value of Agreement. The value of the Contract is [Insert Amount]. The A/E will be paid [Insert Amount] to provide the required services. The costs for required deliverables and submittals are included. The A/E will not be paid more than [Insert Amount] unless this amount is increased in writing and in advance by the Department’s CO.
Value of Agreement. The value of this Agreement is $[INSERT] (“Design Fee”). This amount includes a Program Verification & Concept Design fee of $[INSERT], a Schematic Design fee of $[INSERT], a Design Development fee of $[INSERT], a Furniture Selection and Coordination fee of $[INSERT], a Permit Set fee of $[INSERT], a Construction Documents fee of $[INSERT], a Bidding and Construction Administration Services fee of
Section 3.5.1 Not-to-Exceed (“NTE”) Amount. Notwithstanding Section 3.5 above, the A/E will be paid an amount NTE $[INSERT], which includes allowances for reimbursable expenses and/or any hourly work, at this time. In no event shall the A/E be paid more than this amount unless the A/E is authorized to exceed this limit in advance and in writing by a DGS Contracting Officer. Any future increases to the NTE amount shall be authorized via a modification to this Agreement.
Value of Agreement. The value of this Agreement is $[INSERT] (“Design Fee”). This amount includes Program Verification fee of $[INSERT]; Concept Design fee of $[INSERT]; Schematic Design fee of $[INSERT]; Design Development fee of $[INSERT]; Construction Documents fee (the “Permit Set”) fee of $[INSERT]; Permit Set of Construction Documents fee of $[INSERT]; Issued for Construction Documents fee of $[INSERT]; Construction Administration fee of $[INSERT]; LEED Submission Allowance of $34,000.00; and an Owner’s Allowance of $60,000.00 for reimbursable costs as set forth in Section 3.5 of this Agreement, all in accordance with the A/E’s Price Proposal included as (Exhibit C).
Value of Agreement. The value of this Agreement is $[INSERT] (“Design Fee”). This amount includes Demolition Documents fee of $[INSERT]; Pre-Preliminary Design fee of $[INSERT]; Schematic Design fee of $[INSERT]; Design Development fee of $[INSERT]; Construction Documents and Specifications fee of $[INSERT]; Construction Administration fee of $[INSERT]; and an Owner’s Allowance of $250,000.00 for reimbursable costs as set forth in Section 3.6 of this Agreement, all in accordance with the A/E’s Price Proposal included as Exhibit B.
Section 3.4.1 Not-to-Exceed (“NTE”) Amount. Notwithstanding Section 3.5 above, the A/E will be paid an amount NTE $[INSERT] at this time. In no event shall the A/E be paid more than this amount unless the A/E is authorized to exceed this limit in advance and in writing by a DGS Contracting Officer. Any future increases to the NTE amount shall be authorized via a modification to this Agreement.