Subcontract Sum means the agreed price for the works stated in the Subcontract Order; The Sum payable to the sub-contractor for carrying out the works, exclusive of VAT (unless identified accordingly) subject to retention, CIS, CITB or any other statutorily required deductions, fixed and firm expecting where either the works are varied and valued by the terms of this Agreement or by supplemental agreement.

Subcontract Sum means the sum stated in the Subcontract Particulars, as such sum may be adjusted pursuant to this Subcontract.

Subcontract Sum means the amount stated in the Order and any adjustment thereto which is accepted by Centum as being the value of the Subcontract Works.

Examples of Subcontract Sum in a sentence

Such payment to the Subcontractor shall be the entire unpaid balance of the Subcontract Sum if a full release of retainage is allowed under the Prime Contract for the Subcontractor’s Work prior to the completion of the entire Project.
Within these limits no variations in the Sub-contract Sum will be made unless the work has already been executed in accordance with previously approved Working Drawings and with the approval of the Engineer.
It will be deemed that the Sub-contractor has included in the Sub-contract Sum for the costs of all fuel, power, water and the like, for testing and commissioning as required as part of the Sub-contract Works.
In the event of suspension ordered by the Contractor, the Subcontractor shall be entitled to an equitable adjustment of the Subcontract Time and Subcontract Sum.
It will be deemed that the Sub-contractor allowed for all protective and finish painting in the Sub-contract Sum for the Sub-contract Works, including colour coding of service pipework to the approval of the Engineer.

More Definitions of Subcontract Sum

Subcontract Sum means the subcontract sum set out in the Subcontract Order;

Subcontract Sum means: The accepted amount inclusive of tax of R

Subcontract Sum means the sum set out in Item 5 of Schedule 1 (which amount is exclusive of GST) as adjusted in accordance with this Subcontract including any adjustment in accordance with this Subcontract.

Subcontract Sum means the sum set out in Item 6, as adjusted in accordance with this Subcontract.

Subcontract Sum means: (a) if the purchase order states that the Subcontract is a lump sum contract, the lump sum (including any provisional sum(s)) stated in the issued purchase order for the project.

Subcontract Sum means the total amount stipulated in the Subcontract to be paid by the Construction Manager to the Subcontractor for the Subcontractor’s performance of the Subcontract.