Contract Award Amount Sample Clauses

The Contract Award Amount clause defines the total monetary value that will be paid to the contractor for fulfilling the terms of the agreement. This clause specifies the exact sum or the method for calculating the amount, and may outline whether the payment is fixed, subject to adjustments, or based on milestones or deliverables. By clearly stating the financial commitment, it ensures both parties understand the scope of compensation, thereby preventing disputes over payment and providing a clear basis for invoicing and budget management.
Contract Award Amount. The minimum dollar amount of total Job Orders Owner commits to spending.
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Contract Award Amount. Owner hereby agrees to pay the Contractor the Contract Award Amount indicated below, not including State Sales Tax, as consideration for the agreements set forth above, including but not limited to, Contractor’s completion of all Work, in strict accord with the Contract Documents, as follows: Base Bid: Alternates Awarded: Alternate Bid No. Alternate Bid No. CONTRACT AWARD AMOUNT:
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Contract Award Amount. If the Company receives a Final Award from the United States Postal Service on or before March 31, 1997 ("Award Target Date") substantially in accordance with the analysis of estimated earnings contained in the financial projections update of July 1, 1996 previously provided to Tracor (which indicated a gross margin (as calculated by the Company consistent with prior practices) of approximately forty million dollars ($40,000,000) to be generated in the approximate three-year period following Final Award) and the twenty pages of materials forwarded to Tracor on August 29, 1996 via facsimile transmission entitled "Change of Address (COA) Outsourcing Opportunity" and which contain an overview of the opportunity described in an unsolicited contract proposal (the "Change of Address Proposal") from the Company to the United States Postal Service concerning change of address products or services then Tracor shall pay Ten Million Dollars ($10,000,000) additional Merger Consideration (the "Contract Award Amount"). For the purposes of this section, the term "Company" shall include its Subsidiaries. If the Company receives an award pursuant to the Change of Address Proposal, and if a bid protest is pending at the Award Target Date, the Award Target Date shall be extended until the date of Final Award, but not later than December 31, 1997, provided that the Company is diligently contesting the protest through available and appropriate proceedings diligently pursued.
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Related to Contract Award Amount

  • CONTRACT AWARD Award shall be made on a lump sum basis to the lowest responsive and responsible bidder. The lowest bid will be the bid whose price, after incorporating all accepted alternates, is the lowest responsive bid that was received from a responsible bidder. No bid may be withdrawn for a period of thirty-five days after time has been called on the date of opening except in accordance with the provisions of law.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Performance Adjustment One-twelfth of the annual Performance Adjustment Rate will be applied to the average of the net assets of the Portfolio (computed in the manner set forth in the Fund's Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month and the performance period.

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).