SCHEDULE OF RATES CANNOT BE ALTERED. For WORK under unit rate basis, no alteration will be allowed in the Schedule of Rates by reason of works or any part of them being modified, altered, extended, diminished or committed. The Schedule of Rates are fully inclusive of rates which have been fixed by the CONTRACTOR and agreed to by the EMPLOYER and cannot be altered. For lumpsum CONTRACTS, the payment will be made according to the WORK actually carried out, for which purpose an item wise, or work wise Schedule of Rates shall be furnished, suitable for evaluating the value of WORK done and preparing running account bill. Payment for any additional work which is not covered in the Schedule of Rates, shall only be released on issuance of change order.
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Sources: Construction Contract, Construction Contract
SCHEDULE OF RATES CANNOT BE ALTERED. For WORK Service under unit rate basis, no alteration will be allowed in the Schedule of Rates by reason byreason of works services or any part of them being modified, altered, extended, diminished or committed. The Schedule of Rates are fully inclusive of rates which have been fixed by the CONTRACTOR Service Provider and agreed to by the EMPLOYER Employer and cannot be altered. For lumpsum CONTRACTSContracts, the payment will be made according to the WORK Service actually carried out, for which purpose an item wise, or work wise Schedule of Rates shall be furnished, suitable for evaluating the value of WORK done ofService provided and preparing running account bill. Payment for any additional work which is Service whichis not covered in the Schedule of Rates, Rates shall only be released on issuance of change orderAmendment to LOA/Contract by the Employer.
Appears in 1 contract
Sources: Comprehensive Maintenance Contract