Subcontract Amount definition

Subcontract Amount means the total amount stipulated in a Subcontract to be paid to the Subcontractor for the Subcontractor’s performance of the Subcontract.

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Subcontract Amount. $ Phase: Application for Payment Submittal Date: day of each month Labor Rates for Changes (including overhead and profit): Submittal of Exhibit C-1 Affidavit Required: Yes: No:

Subcontract Amount. $ Phase: Payment Retainage: %

Examples of Subcontract Amount in a sentence

• The Subcontractor shall not be entitled to any adjustment in its Subcontract Amount or to any extension of time to deal with Owner/Contractor Contract requirements or limitations that it failed to note before contracting, or to deal with deficiencies, discrepancies, ambiguities, inconsistencies, or errors in the drawings or specifications in the Owner/Contractor Contract that it discovered before contracting and failed to bring to the Contractor's attention as required.

• The Subcontractor waives any and all claims for an increase in the Subcontract Amount because of any increase in the aforementioned contributions, taxes, duties or premiums, unless payment for such increases is specifically provided for in the Owner/Contractor Contract.

• The need to do so shall not give rise to a change or entitlement to increase in the Subcontract Amount.

• The Subcontractor shall be liable for the payment of any amount by which such expense may exceed the unpaid balance of the Subcontract Amount.

• If the unpaid balance of the Subcontract Amount is less than the damages the Contractor incurred as result of the breach, the Subcontractor shall pay the difference to the Contractor.

• The Subcontract Amount to be paid by the Contractor to the Subcontractor is for the satisfactory performance and completion of the Subcontractor's Work, as described in Schedule A and all the duties, obligations and responsibilities of the Subcontractor under this Subcontract is identified above, subject to additions and deductions by written Extra Order, and includes all applicable taxes.

• At such time, if the unpaid balance of the Subcontract Amount exceeds the damages incurred by the Contractor as a result of the breach, the excess shall be retained by the Contractor.

• Unless otherwise specified in the Letter of Intent or the Work Order or the Subcontract’ the Accepted Subcontract Amount shall be firm till the completion of the Subcontract Works and shall not be subject to escalation of any kind whatsoever.

• The Subcontractor acknowledges the Contractor’s right to manage the Project, and the Subcontractor agrees to implement promptly and at no increase in Subcontract Amount the Contractor’s decisions and directives which the Contractor determines in good faith to be in the interests of the Project as a whole as regards the Project Schedule, organization, flow, coordination, and sequence of the Project work.

• The Subcontract Amount to be paid by the Contractor to the Subcontractor is for the satisfactory performance and completion of the Subcontractor's Work all of the duties, obligations and responsibilities of the Subcontractor under this Subcontract described herein, subject to additions and deductions by written Change Order, and includes all applicable taxes.

More Definitions of Subcontract Amount

Subcontract Amount means the price of the bid, as accepted by ▇▇▇▇, which is intended by the parties to be the amount of compensation payable from the Owner, through ▇▇▇▇, to the Subcontractor, subject to subsequent change orders, cancellations, and other amendments which from time-to-time may occur.

Subcontract Amount. ‘Accepted Subcontract Amount’ means either the Lump Sum Amount or the total sum derived from the multiplication of quantities of such item and its rates accepted by the Company and after deduction of all rebates / debits as per the Accepted Priced ▇▇▇▇ of Quantities of the Subcontract enclosed with the Letter of Intent or the Work Order or the Subcontract for the execution and completion of Work fit for the purpose including the remedying of defects therein in accordance with Clause 10 ‘The Scope of Work’ of these Conditions. Accepted Subcontract amount also includes required legal stamp duty charges. 1. 17Subcontractor / PRW’s Equipment: ‘Subcontractor / PRW’s Equipment’ mean all apparatus, plant, equipment, machinery, vehicles, tools, tackles, and other things required for the execution and completion of the Subcontract Works fit for the purpose and the remedying of defects therein and which belong to and / or is provided by the Subcontractor / PRW. However, Subcontractor / PRW’s Equipment excludes Temporary Works, Employer’s and/or the Company’s Equipment, if any; Plant, Materials and any other things intended to form or forming part of the Permanent Works. 1. 18Subcontractor’s Documents: ‘Subcontractor’s Documents’ mean the calculations, computer programs and other software, drawings, manuals, models and other documents of a technical nature, if any, supplied by the Subcontractor under the Work Order / Subcontract. 1. 19Temporary Works: ‘Temporary Works’ mean all temporary works of every kind (other than Subcontractor / PRW’s Equipment) required on Site for the execution and completion of the Permanent Works and the remedying of defects therein. 1. 20Permanent Works: ‘Permanent Works’ mean the permanent works to be executed (including without limitation, all permanent structures and all work intended to form a continuing function after completion of the Works) in accordance with the Work Order / Subcontract. 1. 21Applicable Laws: ‘Applicable Laws’ mean all laws, brought in to force and effect by Government of India or the State Government or the local bodies including rules, regulations and notifications made there under and judgments, decrees, injunctions, writs and orders of any court of record, applicable to this Work Order / Subcontract and the exercise, performance and discharge of the respective rights and obligations of the Parties hereunder, as may be in force and effect during the subsistence of this Work Order / Subcontract and shall include ...

Subcontract Amount. $ Phase: Payment Retainage: % Labor Rates for Changes (including overhead and profit):