Common use of Nature of the Lump Sum Price Clause in Contracts

Nature of the Lump Sum Price. The Design-Builder acknowledges and understands that the Lump Sum Price is based on the Narrative Scope of Work and Schematic Design included as Exhibit A, and that such Lump Sum Price includes [ ] Dollars ($[ ]) for the cost of the design services (the “Design Fee”). As such, the Design-Builder and the Department acknowledge that the Drawings and Specifications are not complete, however, the Design-Builder hereby represents that it has a sufficient understanding of the Project to agree to a

Nature of the Lump Sum Price. The Design-Builder acknowledges and understands that the Lump Sum Price is based on the Narrative Scope of Work and Schematic Design included as Exhibit A, and that such Lump Sum Price includes [ ] Dollars ($[ ]) for the cost of the design services (the “Design Fee”)services. As such, the Design-Builder and the Department acknowledge that the Drawings and Specifications are not complete, however, the Design-Builder hereby represents that it has a sufficient understanding of the Project to agree to a