Fixed Price Arrangement definition

Fixed Price Arrangement means that part of the Contract that prescribes a lump sum as payment for performance of the Work to which relates; and
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Fixed Price Arrangement means that part of the Contract where it is stipulated that a global payment will be made in consideration for the performance of the work to which it relates; and
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Examples of Fixed Price Arrangement in a sentence

  • Any of the provisions of the Contract that are expressly stipulated to be applicable only to a Fixed Price Arrangement are not applicable to any part of the Work to which a Unit Price Arrangement is applicable.

  • Fixed Price Arrangement is stipulated in the Contract, less the aggregate of all amounts that were paid to the Contractor by the Owner and all amounts that are due to the Owner from the Contractor pursuant to the Contract.

  • Any contract the provisions of the Contract staff are expressly stipulated to be applicable only commence a Unit Price Arrangement are not applicable to sit part place the pile to along a Fixed Price Arrangement is applicable.

Related to Fixed Price Arrangement

  • Unit Price Arrangement means that part of the Contract that prescribes the product of a price per unit of measurement multiplied by a number of units of measurement for performance of the Work to which it relates;

  • Price Agreement means a definite quantity contract or indefinite quantity contract which requires the contractor to furnish items of tangible personal property, services or construction to a state agency or a local public body which issues a purchase order, if the purchase order is within the quantity limitations of the contract, if any.

  • Structured settlement agreement means the agreement, judgment, stipulation, or release embodying the terms of a structured settlement.

  • List Price means the list of prices of the Goods maintained by the Seller as amended from time to time;

  • Price Schedule means the schedules or any part or individual schedule thereof, submitted by the Bidder with his Bid and forming a part of the Contract;