Fixed Lump Sum definition

Fixed Lump Sum means the method of payment based upon Consultant's estimate of allowable costs such as salary, overhead, and Reimbursable Expenses, plus a reasonable margin of profit, all expressed as a single lump sum. A lump sum proposal shall be accompanied by the Consultant's estimate. The estimate should detail the direct labor costs by categories of employees, work hours, and hourly rate; overhead; Reimbursable Costs; and profit.
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Fixed Lump Sum means the total fixed non-escalating cost for the Works payable by The Company to the Contractor and being the amount specified in the Purchase Order;
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Fixed Lump Sum means the method of payment based upon Firm's estimate of allowable costs such as salary, overhead, and Reimbursable Expenses, plus a reasonable margin of profit, all expressed as a single lump sum. A lump sum proposal shall be accompanied by the Firm's estimate. The estimate should detail the direct labor costs by categories of employees, work hours, and hourly rate; overhead; Reimbursable Costs; and profit.
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Examples of Fixed Lump Sum in a sentence

  • The City shall make partial payment of the Fixed Lump Sum fees for lump sum services on the basis of monthly invoices submitted by Contractor and approved by the Director.

  • The amount of partial payment due for services performed during the period covered by the invoice may be either: (a) a percentage of the Fixed Lump Sum fee equal to the percentage of services performed on each LOA or (b) milestone or deliverables based payment amounts as set forth in a payment schedule attached to or incorporated in the individual LOA.

  • The method of payment will be specified in each LOA and may be (a) Time and Materials Based or (b) a Fixed Lump Sum with a Not To Exceed amount.

  • The amount of partial payment due for services performed during the period covered by the invoice may be either: (a) a percentage of the Fixed Lump Sum fee equal to the percentage of Services performed on each LOA or (b) milestone or deliverables based payment amounts as set forth in a payment schedule attached to or incorporated in the individual LOA.

  • The amount of partial payment due for services performed shall be a percentage of the Fixed Lump Sum equal to the percentage of services performed on each LOA during the period covered by the invoice.

  • The method of payment will be specified in each LOA and may be (a) Time and Materials Based or (b) a Fixed Lump Sum with a Not to Exceed amount.

  • The fee for Additional and Work Site Services authorized by this Agreement will be computed by one of the following methods as mutually agreed to by Broward Health and the Consultant: Fixed Lump Sum or Multiple of Direct Salaries.

  • The amount of partial payment due for services to be performed during the period covered by the invoice may be either: (a) a percentage of the Fixed Lump Sum fee equal to the percentage of services performed on each LOA or (b) milestone or deliverables based payment amounts as set forth in a payment schedule attached to or incorporated in the individual LOA.

  • The amount of partial payment due for Software, Equipment, or services provided or performed during the period covered by the invoice may be either: (a) a percentage of the Fixed Lump Sum fee equal to the percentage of Software, Equipment, or services performed or provided on each LOA or (b) milestone or deliverables based payment amounts as set forth in a payment schedule attached to or incorporated in the individual LOA.

  • For securing the fulfillment of the Supplier’s obligations during the Warranty Period, including the Supplier’s obligations in relation to the Efficiency Drop Rebate as detailed in Section 16.2, and as a precondition for the issuance of the Final Completion Certificate, the Supplier shall submit (at its own cost) to MWC a Warranty Guarantee in the amount of ten percent (10%) of the Fixed Lump Sum (herein above and after: the "Warranty Guarantee").

Related to Fixed Lump Sum

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • Capitation rate means the fee the department pays monthly to an HMO for each enrolled recipient for the provision of covered medical and health services whether or not the enrolled recipient received services during the month for which the fee is intended.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.