Lump Sum Work means a contractual arrangement that prescribes a lump sum as payment for performance of the item of work to which it relates.
Lump Sum Work. The following provisions shall apply to all Work performed on a lump sum basis.
Lump Sum Work has the meaning set forth in Section 1 of Attachment J.
Examples of Lump Sum Work in a sentence
It will be measured and paid as LUMP SUM WORK ZONE TRAFFIC CONTOL.
More Definitions of Lump Sum Work
Lump Sum Work or “piece work” is understood to be work, which is carried out in exchange for payment of an amount that is determined according to hour tariffs or unit prices. Lump-sum work is understood to be: work, which is carried out for a predetermined price, whether or not subject to review in writing.
Lump Sum Work means all costs, excluding Contractor’s General Overhead and profit, associated with a Work Order in which provides for payment by Lump Sum.
Lump Sum Work means Work that is described or designated as lump sum work in the Contract Documents or Work that is not so described or designated but is also not Unit Price Work or Cost Plus Work.
Lump Sum Work means Work that is designated as lump sum work in the Schedule of Prices as accepted by the Owner.