Common use of Amount and Method of Compensation Clause in Contracts

Amount and Method of Compensation. 8.1.1 The City agrees to pay the Contractor as compensation for its services under the terms of this Agreement the contract amount as set forth in the schedule of values and the Contract Documents for each segment of the work that has been completed. The fee for the services to be performed by the Contractor shall be for the actual cost of the work. 8.1.1.1 The sum to be paid by the City to the Contractor under this Agreement for the Project described in the Contract Documents, is as follows: Contractor’s Firm Price Offer to City: $XX.00 City’s Contingency for Price Fluctuations in Construction Materials (including project additions, modifications, unforeseen conditions, electrical and appurtenances, etc.) 10% of base bid

Amount and Method of Compensation. 8.1.1 The City agrees to pay the Contractor as compensation for its services under the terms of this Agreement the contract amount as set forth in the schedule of values and the Contract Documents for each segment of the work that has been completed. The fee for the services to be performed by the Contractor shall be for the actual cost of the work. 8.1.1.1 The sum to be paid by the City to the Contractor under this Agreement for the Project described in the Contract Documents, is as follows: Contractor’s Firm Price Offer to City: $XX.00 Accepted Alternates: City’s Contingency for Price Fluctuations in Construction Materials (including project additions, modifications, unforeseen conditions, electrical and appurtenances, etc.) 10% of base bid)