Unit Price Method Sample Clauses
The Unit Price Method clause establishes that payments for goods, services, or work will be calculated based on a set price per unit of measurement. In practice, this means that the total contract amount is determined by multiplying the agreed unit price by the actual quantity delivered or performed, such as paying per cubic meter of concrete poured or per hour of labor provided. This approach ensures flexibility and fairness when the exact quantities required are uncertain at the outset, as it allows for adjustments in payment based on actual usage or delivery.
Unit Price Method. Where payment is based on the unit price method, the CONTRACTOR agrees that he will make no claim for damages, anticipated profits or otherwise on account of any differences which may be found between the quantities of work actually done, the material actually furnished under this contract and the estimated quantities contemplated and contained in the bid; provided, however, that in case the actual quantity of any major item should become as much as twenty percent (20%) above or below the estimated or contemplated quantity for such items, then either party to this Agreement, upon demand, shall be entitled to a revised consideration for said work that differs from the estimated quantity.
Unit Price Method. Where the Additional Work involved is covered or is of the same character as the original Contract, Unit Price Work by application of those unit prices to the quantities of the items involved;
Unit Price Method. 1. Whenever the AGENCY or its representative authorizes CONTRACTOR to perform on a Unit Price basis, the AGENCY’s authorization shall clearly state the:
a. Scope of Work to be performed;
b. Applicable Unit Price; and,
c. Not to exceed amount of reimbursement as established by the AGENCY.
2. The applicable unit price shall include reimbursement for all direct and indirect costs of the Work, including overhead and profit.
3. CONTRACTOR shall only be paid under this method for the actual quantity of materials incorporated in or removed from the Work and such quantities must be supported by field measurement statements verified by the AGENCY.
Unit Price Method. 1. Whenever the County authorizes Contractor to perform Work on a Unit Price basis, the County’s authorization shall clearly state the:
a. Scope of work to be performed;
b. Applicable Unit Price; and
c. Not to exceed amount of reimbursement as established by the County.
2. The applicable unit price shall include reimbursement for all direct and indirect costs of the Work, including Overhead and profit.
3. If the unit price will be applied to materials incorporated in or removed from the Work, the Contractor shall be paid under this method only for the actual quantities and such quantities must be supported by field measurement statements verified by the County.
Unit Price Method. If the actual amount of work to be done and the materials to be furnished differ from estimates and where the basis for payment is the unit price method, then payment shall be for the actual amount of accepted work done and materials furnished on the Project.
Unit Price Method. 1. The City may direct the Contractor to perform extra work on a Unit Price basis. Such authorization shall clearly state the:
a. Scope of work to be performed;
b. Applicable Unit Price; and
c. Not to exceed amount of reimbursement as established by City.
2. The applicable unit price shall include reimbursement for all direct and indirect costs of the work, including Overhead and profit, as limited by paragraph 6.3,