Fixed Price Construction Contract definition

Fixed Price Construction Contract means a contract or series of contracts under which the contractor or contractors agree to complete construction of the Project in accordance with the Plans and Specifications for a fixed price, which price together with all Site Costs and other Project Costs necessary to complete the Project in accordance with the Plans and Specifications, does not exceed the amount received by the RSA from the Proposed Project Sources and Uses described on Exhibit D hereto.
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Examples of Fixed Price Construction Contract in a sentence

  • The aggregate amount of such disbursements shall not exceed $ until there is delivered to the Trustee a written certificate of the Authorized Authority Representative and the Construction Manager that a Fixed Price Construction Contract has been awarded for the Project, and thereafter the requisitions shall be in substantially the form attached hereto as Exhibit B-2.

  • The aggregate amount of such disbursements shall not exceed $ until there is delivered to the Trustee a written certificate of the Authorized Authority Representative and the Construction Manager that a Fixed Price Construction Contract has been awarded for the Project, and thereafter the requisitions shall be in substantially the form attached hereto as Exhibit B­2.

  • Subject to the terms of this Fixed Price Construction Contract, as detailed in the 100% New Construction Breakdown Draw Contract and herein, Contractor shall, as applicable, connect permanent electric, gas or oil service, and water and sewer service and lines to the structure.

  • Contractor shall inspect and identify any existing environmental issues on the Property and include any such issues in this Fixed Price Construction Contract for removal and/repair or remediation.

  • The County will pay the Contractor for the performance of the Contract in current funds, for the total quantities of work performed at the Contract price stipulated in the Bid for the several respective items of work completed subject to additions and deductions as provided in Fixed Price Construction Contract.

Related to Fixed Price Construction Contract

  • Fixed price contract means a contract that provides a price, for each

  • Construction Contract or “contract” means a written agreement between a contractor and a public agency for the construction, alteration, demolition, or repair of a facility, other than a contract having a dollar value of less than $30,000.00 or a contract that provides for 3 or fewer payments.

  • Commence Construction means that an owner or operator has either undertaken a continuous program of construction or has entered into a contractual obligation to undertake and complete, within a reasonable time, a continuous program of construction.

  • Construction Contracts means the contracts between Lessee and Contractors for the furnishing of labor, services or materials to the Leased Premises in connection with the construction of the Improvements.

  • Fixed price contract with price adjustment means a fixed price contract that