Examples of Total Agreement Price in a sentence
The Project Manager shall have authority to order minor changes in the Work not involving an adjustment to the Total Agreement Price or an extension to the Contract Time and not inconsistent with the intent of the Contract Documents.
The Total Agreement Price is further divided into the System Infrastructure Price, which is $5,283,356.56, and the End User Equipment Price, which is $3,614,881.65.
Compensation for any post warranty maintenance services provided after expiration of the Warranty Period is not included within the Total Agreement Price and is described separately in the Post Warranty Maintenance Agreement attached hereto as Exhibit “H.” Any additional or out-of-scope services requested by County and accepted by Contractor shall be billed by Contractor at the rates and unit pricing set forth in Exhibit “H,” if any, or as otherwise mutually agreed by the Parties.
Any such adjustment in the Total Agreement Price or Contract Time shall be mutually satisfactory to County and Contractor, using the unit pricing and rates set forth in the SOW, as applicable.
Within 15 days of the Effective Date, the Contractor shall provide Performance and Payment Bonds, in the form prescribed in the Exhibits to the Agreement, in the amount of 100% of the Total Agreement Price, the costs of which are to be paid by Contractor.
Any change or addition to the Work that causes a change to the Total Agreement Price, the Contract Time, or both, shall be effectuated by a Change Order.
In consideration of the faithful performance by the Contractor of the covenants in this Agreement, including the delivery and installation of the System, to the full satisfaction and acceptance of the County, the County agrees to pay, or cause to be paid, to Contractor the following Total Agreement Price, in accordance with the terms of this Agreement and the Price Schedule attached hereto as Exhibit “I”: $8,898,238.21.
If the unpaid balance of the Total Agreement Price exceeds all such costs, expenditures and damages incurred by the County to complete the Work, such excess shall be paid to the Contractor.
Such maintenance and support services provided by Contractor during the Warranty Period are included in the Total Agreement Price provided in Section 3 of this Agreement.
If the Total Agreement Price is increased by a Change Order, it shall be the Contractor’s responsibility to ensure that the Performance and Payment Bonds are amended accordingly, and a copy of the amendment forwarded to the County.