Fixed Price Contract Sum Clause Samples

Fixed Price Contract Sum. Owner shall pay Contractor for all costs actually incurred by Contractor in Contractor’s performance of the Work and Contractor’s obligations under this Agreement; however, in no event shall Owner be obligated to pay Contractor more than the Contract Sum, set forth in the Budget attached hereto as Exhibit “B” (the “Budget”). The Budget identifies (i) the anticipated costs of completing the Work, and (ii) the maximum portion of the total Contract Sum allocated to each component of the Work. Owner shall not be required to pay Contractor for costs not provided for in the Budget. Contractor represents and warrants that except as has been disclosed to Owner, the Budget has been prepared in good faith by Contractor based on information known as of the date of this Agreement, is the budget utilized by Contractor for its internal purposes and is Contractor’s reasonable estimate of the anticipated costs to Complete the Work. Owner and Contractor hereby acknowledge and agree that Contractor shall be entitled to any and all reimbursement and/or advances from any Financing District (as defined in the Option Agreement).
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Related to Fixed Price Contract Sum

  • CONTRACT SUM 9.1.1 The Contract Sum is stated in the State-Contractor Agreement and, including authorized adjustments thereto, is the total amount payable by the State to the Contractor for the performance of the Work under the Contract Documents.

  • THE CONTRACT SUM The Owner shall pay the Contractor for the performance of the contract, subject to additions and deductions provided by approved change orders, in current funds, the Contract Sum as follows:

  • C1 Contract Price In consideration of the Contractor’s performance of its obligations under the Contract, the Authority shall pay the Contract Price in accordance with clause C2 (Payment and VAT).

  • Contract Price The Contractor shall supply the Contractor Deliverables to the Authority at the Contract Price. The Contract Price shall be a Firm Price unless otherwise stated in Schedule 3 (Contract Data Sheet). Subject to clause G2 the Contract Price shall be inclusive of any UK custom and excise or other duty payable. The Contractor shall not make any claim for drawback of UK import duty on any part of the Contract Deliverables supplied which may be for shipment Overseas. D Intellectual Property

  • THE CONTRACT PRICE A. This Contract is an indefinite-quantity contract for construction work and services. The Estimated Annual Value of this Contract is $2,000,000. This is only an estimate and may increase or decrease at the discretion of Sourcewell. B. The Contractor shall perform any or all Tasks in the Construction Task Catalog for the Unit Price appearing therein multiplied by the following Adjustment Factors: