Final Contract Sum definition

Final Contract Sum means the sum to be ascertained and paid in accordance with the provisions hereinafter contained for the execution of the Works in accordance with the Contract.
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Final Contract Sum means the total sum which, subject to the provisions of the Contract, will have become payable to the Contractor by the Principal upon the completion of the work under the Contract and the performance of the obligations of the Contractor under the Contract;
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Final Contract Sum means the sum to be ascertained by the Engineer and stated in the Final Certificate, to be paid by the Employer to the Contractor pursuant to Clause 69 in consideration of the execution of the Works in accordance with the Contract;
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Examples of Final Contract Sum in a sentence

  • The Final Certificate shall state the Final Contract Sum, which shall be the sum of the Cost Centre Values following their final adjustment and of the amounts finally decided by the Engineer to be due in respect of the matters identified in Clause 67.2(b).

  • To arrive at the Estimated Final Contract Sum for the project, the Original Contract Sum is first listed, and then adjustments made for the following items.

  • The Final Contract Sum will be determined based on the material quantity actually used as outlined in the Construction Documents.

  • If the contractor completes the work in less than 3 months in advance in all respects with respect to the final date of completion stated in the “Appendix to Condition of Contract” and the Chief Engineer certifies in writing that in his opinion the same has been completed, 0.1% of Final Contract Sum stipulated in the original contract shall be rewarded.

  • Upon contract completion and where a performance bond including maintenance provisions is not provided, the successful Tenderer shall provide maintenance security, in the amount of ten percent (10%) of the Final Contract Sum, in the form of a CERTIFIED CHEQUE, BANK DRAFT or CLEAN IRREVOCABLE LETTER OF CREDIT, payable to the Town of Osoyoos.

  • No adjustment shall be made to any payment or to the Final Contract Sum on account of any variation in the exchange rate between the Hong Kong dollar and any other currency.

  • Nota: The Architect should request the signature of an Amendment: do not accept a percentage fee based on the Final Contract Sum, thinking that whatever the additional services, they will be paid for by the application of the percentage fee rate to the Final Contract Sum.

  • The Contractor shall furnish Performance Bond in the amount of one hundred percent (100%) of the Contract Sum, and Payment Bond in the amount of one hundred percent (100%) of the Contract Sum and One Year Warranty Bond in the amount of ten percent (10%) of the Final Contract Sum, which is the cumulative amount that will have been paid to Contractor for all of the Work performed under the Contract once the Project has been completed and the Work has been accepted by the County.] B.

  • Clause 8 of the Agreement stipulates "The fee amount of the Architect for the full service is …% of the Final Contract Sum excluding VAT that results from the Final Accounts excluding construction work undertaken by the Client".

  • All savings remaining between the actual Final Contract Sum and the Final Guaranteed Maximum Price shall revert 100% to the Owner.


More Definitions of Final Contract Sum

Final Contract Sum. : shall mean the sum to be paid by the OWNER to the CONTRACTOR for executing the work and shall be computed on the basis of actual net quantities of various items of work executed at the applicable rates as per the schedule of items/quantities/rates forming part of the Agreement.
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Final Contract Sum means the sum to be ascertained by the Contract Administrator and stated in the Final Certificate, to be paid by the Authority to the Contractor pursuant to Clause 69 in consideration of the execution of the Works in accordance with the Contract;
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Final Contract Sum means the amount finally due under the Agreement from the Contractor to the Sub- Contractor or from the Sub-Contractor to the Contractor as the case may be after giving credit to the Sub- Contractor for the Price and after giving credit to the Contractor for all amounts previously paid by the Contractor and for all sums to which the Contractor is entitled under or in connection with the Agreement;
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Final Contract Sum means the sum to be paid by HSC to the Contractor for complete execution of the work and shall be computed/certified by the Engineer/Consultant on the basis
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Related to Final Contract Sum

  • Contract Sum means the sum named in the letter of acceptance including Physical contingencies subject to such addition thereto or deduction there-from as may be made under the provisions hereinafter contained.

  • Original contract price means the award price of the contract; or, for requirements contracts, the price payable for the estimated total quantity; or, for indefinite-quantity contracts, the price payable for the specified minimum quantity. Original contract price does not include the price of any options, except those options exercised at the time of contract award.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Total Contract Price means the total set out in "Tender Document Form: Contract Prices".

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Contract Schedule The list (as such list may be amended from time to time) identifying each Contract constituting part of the corpus of the Trust Fund as of the Cut-off Date, and which (a) identifies each Contract as either a Fixed Rate Contract or Adjustable Rate Contract and by contract number and name and address of the Obligor and (b) sets forth as to each Contract (i) the unpaid principal balance as of the related Transfer Date determined by giving effect to payments received prior to the related Transfer Date, (ii) the amount of each scheduled payment due from the Obligor, and (iii) the APR.

  • Total contract dollars means the final anticipated dollar value, including the dollar value of all options.

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Original contractor means a person, including an owner-builder, that contracts with an owner to provide preconstruction service or construction work.

  • Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.

  • Individual contract plan means a subcontracting plan that covers the entire contract period (including option periods), applies to a specific contract, and has goals that are based on the offeror’s planned subcontracting in support of the specific contract, except that indirect costs incurred for common or joint purposes may be allocated on a prorated basis to the contract.

  • principal contractor means an employer appointed by the client to perform construction work;

  • The Contract Price/ Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Project Schedule means a document that, with respect to each Phase of the Project, identifies, coordinates and integrates the anticipated design and construction schedules, the Contracting Authority’s and Owner's responsibilities, government authority reviews and other activities as are necessary for the timely completion of the Work.

  • Project Completion Schedule means the progressive Project Milestones set forth in Schedule-J for completion of the Project Highway on or before the Scheduled Completion Date;

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • The Contract Price means the price payable to the Supplier under the Contract for the full and proper performance of its contractual obligations.

  • Disbursement Schedule means the disbursement schedule as set out in an FAA;

  • Contract Fee means the price, fee, rent, or royalty payable in a contract under this chapter or

  • Final Completion Certificate has the meaning set forth in Section 11.6.

  • Rent Schedule means a written schedule for the Mortgaged Property showing the name of each tenant, and for each tenant, the space occupied, the lease expiration date, the rent payable for the current month, the date through which rent has been paid, and any related information requested by Lender.

  • Final Completion Date means the date on which Final Completion occurs.

  • Contract Price(s) means the price(s) tendered by the contractor and accepted by the Council for the execution of the contract.

  • Completion Schedule means the fulfilment of the Related Services by the Supplier in accordance with the terms and conditions set forth in the Contract;

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Contract Start Date means the date specified in your Contract for Signature as the date this Contract starts;