Examples of Estimated Contract Price in a sentence
Adjustments to the Estimated Contract Price shall compensate the Company for any costs or expenses the Company reasonably incurs as a result of the interruption, suspension or delay.
In the event there is a discrepancy between any unit price listed and the "Estimated Total Price" or the "Total Estimated Contract Price," the Bidder's unit price, shall prevail.
As a precondition to the Company resuming Work, the estimated schedule and Estimated Contract Price as determined under the Agreement shall be revised as mutually agreed by the Parties to compensate for the interruption, suspension or delay.
If a bid bond is issued it must be accompanied by a letter of surety from a recognized Canadian Society Company outlining that a Performance Bond in the amount of 50% of the Estimated Contract Price and a Labour and Materials Bond in the amount of 50% of the Estimated Contract Price will be presented if awarded the project.
Every Tender received shall be accompanied by a certified cheque, bank draft or bid bond payable to the City of Summerside in the amount of ten (10%) percent of the Estimated Contract Price.