Lump Sum Fixed Fee definition

Lump Sum Fixed Fee means a single fee that includes all costs associated with the Supply as set out in the Quotation Form.
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Lump Sum Fixed Fee shall be the total amount of compensation where all aspects of Work are clearly defined, quantified and calculated.
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Lump Sum Fixed Fee means a single fee that includes all costs associated with the Works as set out in the Quotation Form. ‘Milestone’ means those parts of the Works (if any) that are nominated in the Quotation Form.
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Examples of Lump Sum Fixed Fee in a sentence

  • THE State shall compensate the ARCHITECT/ENGINEER, in accordance with the Terms and Conditions of this Agreement in one of the following manners: Project Manager needs to select one of the following paragraphs that identifies whether compensation is based on an Hourly Rate or Lump Sum Fixed Fee.

  • Task Authorizations shall be Lump Sum, Fixed Fee, or Time and Materials or any combination of all three.

  • THE State shall compensate the ARCHITECT/ENGINEER, in accordance with the Terms and Conditions of this Agreement in one of the following manners: SAMPLE Project Manager needs to select one of the following paragraphs that identifies whether compensation is based on an Hourly Rate or Lump Sum Fixed Fee A.

  • In that event, the Contractor will be entitled to an additional fee, which shall be calculated by dividing the amount of the Lump Sum Fixed Fee Price set forth on Form 5.7 by $15,000,000 (to obtain the Fixed Fee as a percentage), and then multiplying that percentage by the amount that the overall TCP exceeds 110 percent of 15,000,000.

  • Lump Sum Fixed Fee shall be the total amount of compensation to be paid to the Consultant for the Services performed on a specific Project or phase or task under a Work Order.

  • In that event, the Contractor will be entitled to an additional fee, which shall be calculated by dividing the amount of the Lump Sum Fixed Fee Price set forth on Form 5.7 by $4,000,000 (to obtain the Fixed Fee as a percentage), and then multiplying that percentage by the amount that the overall TCP exceeds 110 percent of $4,000,000.

  • Compensation for this Contract is a Lump Sum, Fixed Fee amount for all that is necessary to complete the Work.

  • Subject to those Project requirements determined and/or confirmed during the Programming Phase the District and the Architect/Engineer may mutually determine an adjustment, if deemed appropriate, in the Lump Sum Fixed Fee to be paid to the Architect/Engineer pursuant to Article 5.1 of the Agreement.

  • Invoice(s) shall be Lump Sum, Fixed Fee, or Time and Materials or any combination of all three.

Related to Lump Sum Fixed Fee

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • Lump Sum Payment means a single payment that is not anticipated to continue.

  • Monthly Benefit means the monthly amount payable by Lincoln to you if you are Disabled or Partially Disabled.

  • Fixed Fee means an agreed upon amount that is fixed at the inception of the Contract. In a cost reimbursable contract, the fixed fee includes the contractor’s direct and indirect administrative costs and profit allocable to the Contract.

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.