Examples of Subcontract Sum in a sentence
If such expense and damages exceed the unpaid balance of the Subcontract Sum, the Subcontractor shall pay the difference to the Contractor.
The Subcontractor is deemed to have allowed for and included in the Subcontract Sum all labour-related costs and fees (including changes in such costs and fees).
The relevant price will be added to or deducted from the Subcontract Sum.
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.
Contributions made by the Subcontractor in respect of industry superannuation and redundancy schemes or the like will not be subject to separate adjustment or reimbursement and are deemed to be allowed for and included in the Subcontract Sum.