Lump Sum Contract definition

Lump Sum Contract means a Contract under which the Works are executed for an all inclusive fixed total amount, as defined in the Activity Schedule.
Lump Sum Contract means a contract under which the Services are performed for an all inclusive fixed total amount.
Lump Sum Contract means a contract under which the services are provided on the basis of an agreed all-inclusive payment.

Examples of Lump Sum Contract in a sentence

  • The Supplier Diversity participation goal for this project is stated on the Bid for Lump Sum Contract Form, and the Owner will take into consideration the bidder's success in achieving the Supplier Diversity participation goal in awarding the contract.

  • List name, city, and state of designated subcontractor, for each category of work listed in Bid For Lump Sum Contract.

  • The Bidder shall also include the EMR and Incidence Rates of listed major subcontractors on the Bid for Lump Sum Contract.

  • The bidder shall have a minimum goal of subcontracting with diverse contractors, subcontractors, and suppliers, the percent of contract price stated in the Supplier Diversity goal paragraph of the Bid for Lump Sum Contract Form..

  • Activity Schedule means the priced and completed Activity Schedule forming part of the Bid for a Lump Sum Contract Compensation Events are those defined in Clause 44.


More Definitions of Lump Sum Contract

Lump Sum Contract means a means a contract to perform real property construction activities and to provide taxable products or services and for which the contractor quotes the charge for labor, services of subcontractors, taxable products and services as one price, including a contract for which the contractor itemizes the charges for labor, services of subcontractors, taxable products and services as part of a schedule of values or similar document.
Lump Sum Contract means a contract to which subclause 2A.3 applies;' Insert a new definition of 'payment period':
Lump Sum Contract means a contract to incorporate construction materials into real estate with the charge for labor and materials being quoted as one price. The contractor may subsequently furnish a breakdown of the charges for labor and materials without changing the nature of the lump sum contract. For example, a typical lump sum contract provides that the contractor will build a structure for a total state price such as $40,000. A lump sum contractor generally must pay sales tax to the vendor who sells the contractor construction materials. If the vendor is located out-of-state and is not required to collect Indiana sales tax or if the person for whom the structure is being built would be exempt from sales tax for the purchase of the construction materials, the lump sum contractor would not pay sales tax. Although the contractor may not pay sales tax when purchasing material from an out-of-state vendor, the contractor would be liable for use tax if the construction materials are stored, used or consumed in Indiana for a nonexempt purpose. Unless otherwise exempt, when a lump sum contractor purchases construction materials free of sales tax, the contractor must pay use tax on those materials when they are incorporated into real property in Indiana. To purchase construction materials exempt from sales tax, a lump sum contractor must be registered as a retail merchant.
Lump Sum Contract means a works contract under which the Contracting authority agrees to pay the contractor a specified amount for completing the work without requiring a cost breakdown.
Lump Sum Contract means "a contract to perform real property construction activities and to provide tangible personal property, items or property under s. 77.52 (1) (b) or (c), or taxable services and for which the contractor quotes the charge for labor, ser- vices of subcontractors, tangible personal property, items and property under s. 77.52
Lump Sum Contract means "a contract to perform real property construction activities and to provide tangible personal property, items or property under s. 77.52 (1) (b) or (c), or taxable ser- vices and for which the contractor quotes the charge for labor, services of subcontractors, tangible personal property, items and property under s. 77.52 (1) (b) and (c), and taxable services as one price, including a contract for which the contractor itemizes the charges for labor, services of subcontractors, tangible personal property, items and property under s. 77.52 (1) (b) and (c), and taxable services as part of a schedule of values or similar document."
Lump Sum Contract means a contract to incorporate construction materials into real estate with the charge for labor and materials being quoted as one price. The contractor may subsequently furnish a breakdown of the charges for labor and materials without changing the nature of the lump sum contract. For example, a typical lump sum contract provides that the contractor will build a structure for a total stated price such as $40,000. A lump sum contractor generally must pay sales tax to the vendor who sells the contractor construction materials. If the vendor is located out-of-state and is not required to collect Indiana sales tax or if the person for whom the structure is being built would be exempt from sales tax for the purchase of the