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.
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;
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.
Examples of Fixed Lump Sum in a sentence
The method of payment will be specified in each LOA and may be either (a) an hourly based agreement which includes the Billing Rates set forth in Exhibit “B” multiplied by hours worked by each employee set forth in Exhibit “C” who performs work for the Project plus Reimbursable Expenses and Subcontract Cost, and/or (b) a Fixed Lump Sum that does not exceed an estimate of the total of all the payment categories set forth in (a) when added together.