Common use of LUMP SUM CONTRACT Clause in Contracts

LUMP SUM CONTRACT. The Contract is a lump sum fixed price contract. The items and quantities allowed in the Contract or those quoted by the Contractor are for reference only. Unless it is expressly stipulated by HKUST in the Contract that the quantities of any items are provisional and will be remeasured on completion of the Works, the contract sum shall not be subject to change if the final quantities installed or provided are different from the quantities therein.

Appears in 4 contracts

Sources: General Conditions of Contract for Services and Maintenance Works, General Conditions of Contract for Services and Maintenance Works, General Conditions of Contract for Services and Maintenance Works