Common use of Lump Sum Basis Clause in Contracts

Lump Sum Basis. Lump Sum basis Task Orders shall require written authorization by the PM prior to the Contractor proceeding with the services. Contractor shall provide the PM with a detailed breakdown of the labor and materials costs that determined the lump sum quote. The breakdown shall be in accordance with the Contract rates provided herein. Costs not contained in the Contract rate sheets shall be reviewed by the PM for reasonableness as part of the written approval process, prior to authorization. All Lump Sum quotes for task orders shall be executed and processed as described herein. In the event of unforeseen circumstances occurring necessitating a modification to the authorized Lump Sum Task Order, a separate Task Order authorization may be requested by the Contractor to reflect the change of scope of services. The Contractor shall at all time during the term of the Task Order keep full and complete records and documentation in support of the services performed. The PM shall have the right to request and examine any project records for the purpose of determining its accuracy in accordance with the terms and conditions of this Contract.