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.
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.
The Buyer reserves the right to request price justification information on all of Seller’s scope of work that is based on pass-through costs marked up or any incremental costs above and beyond the original Estimated Contract Price (i.e. change orders) (the “Audit Records”).
Contractor shall provide to the Company, within 15 days from date of LOA, an irrevocable and unconditional Performance Bank Guarantee (PBG) equivalent to 3% of Total Estimated Contract Price (TECP) including all taxes and duties from any Nationalized scheduled bank or first class international bank as per format provided in Tender Document or any other form acceptable to Company, which shall be valid up to 90 days beyond the Contract Period.
The Estimated Contract Price is the price the Consultant estimates will be the cost of the Construction Contract.