Contract Price Amount. (a) As full compensation for the Work and all related obligations to be performed by DBT under the Contract Documents, KYTC will pay to DBT the lump sum “Contract Price.” The Contract Price as used herein shall mean the lump sum amount of $[****], subject to adjustment from time to time to account for adjustments in Change Orders, which shall only be paid based on the actual invoiced value of work. Except as provided in this Section 12.1.1, the Contract Price shall be increased for payment of Extra Work Costs, or decreased, only by a Change Order issued in accordance with Articles 13 or 14. DBT shall not be entitled to any other payments or compensation from KYTC in connection with the Project except as provided for as an increase to the Contract Price by Change Order. The Contract Price shall be paid in accordance with Sections 12.2 and 12.4.
Appears in 2 contracts
Sources: Design Build Agreement, Design Build Agreement