Common use of PaymentforAdditionalServices,andPerformanceIncentiveCompensation Clause in Contracts

PaymentforAdditionalServices,andPerformanceIncentiveCompensation. 6.3.1 For the purpose of determining the remuneration due for additional Services as may be agreed under Sub- 6.3.2 If the SCC so specify, the service provider shall be paid performance incentive compensation asset out in the Performance Incentive Compensation appendix. 6.3.3 Where the contract price is different from the corrected tender price, in order to ensure the contractor is not paid less or more relative to the contract price (which would be the tender price), payment valuationcertificates and variation orders on omissions and additions valued based on rates in the schedule of rates in the Tender, will be adjusted by a plus or minus percentage. The percentage already worked out during tender evaluation is worked out as follows:(corrected tender price–tender price)/tender price X100.

PaymentforAdditionalServices,andPerformanceIncentiveCompensation. 6.3.1 For the purpose of determining the remuneration due for additional Services as may be agreed under Sub- 6.3.2 If the SCC so specify, the service provider shall be paid performance incentive compensation asset out in the Performance Incentive Compensation appendix. 6.3.3 Where the contract price is different from the corrected tender price, in order to ensure the contractor is not paid less or more relative to the contract price (which would be the tender price), payment valuationcertificates valuation certificates and variation orders on omissions and additions valued based on rates in the schedule of rates in the Tender, will be adjusted by a plus or minus percentage. The percentage already worked out during tender evaluation is worked out as follows:(corrected tender price–tender price)/tender price X100.