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.
Sample 1Sample 2Sample 3
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;
Sample 1Sample 2Sample 3
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;
Sample 1Sample 2Sample 3

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).

  • Attached as Exhibit “I” is a sample calculation of the Adjusted Final Contract Sum utilizing the formula set forth herein.


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.
Sample 1Sample 2
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;
Sample 1
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;
Sample 1
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
Sample 1

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 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 means a schedule to this Contract;

  • 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.

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

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

  • 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;