Common use of Final Quantities Clause in Contracts

Final Quantities. Upon completion of the work and determination of final pay quantities, a final contract adjustment may be prepared to reconcile any difference between estimated quantities previously paid and the final pay quantities. In this situation, the value for FP used in the price adjustment formula will be the average of all FP’s previously used for computing price adjustments.

Appears in 1 contract

Sources: Construction Contract

Final Quantities. Upon completion of the work and determination of final pay quantities, a final contract adjustment may an adjusting work order will be prepared to reconcile any difference between estimated quantities previously paid and the final pay quantities. In this situation, the value for FP used in the price adjustment formula will be the average of all FP’s ' s previously used for computing price adjustments.

Appears in 1 contract

Sources: Highway Construction Contract

Final Quantities. Upon completion of the work and determination of final pay quantities, a final contract adjustment may be prepared to reconcile any difference between estimated quantities previously paid and the final pay quantities. In this situation, the value for FP used in the price adjustment formula will be the average of all FP’s ' s previously used for computing price adjustments.

Appears in 1 contract

Sources: Highway Construction Contract