Unit Price Contract definition

Unit Price Contract means a Contract where the City pays a fixed sum for each completed unit of Work to the Contractor.
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Unit Price Contract means a work contract in which the price is based on estimated quantities of items included in the project and their unit prices.
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Unit Price Contract means the covering agreement titled Unit Price Contract to which all Contract Documents are attached.
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Examples of Unit Price Contract in a sentence

  • Contractor ▇▇▇▇▇▇▇▇ for this Unit Price Contract are to be submitted to Sno-Isle Libraries upon completion of work.

  • For all Unit Price Work, an amount equal to the sum of the established unit price for each separately identified item of Unit Price Work as established in section 00 41 43, Bid Form – Unit Price Contract.

  • The General Conditions of the Unit Price Contract hereto annexed, and the other aforesaid Contract Documents, are to be read into and form part of this Agreement and the whole shall constitute the Contract between the parties and subject to law and the provisions of the Contract Documents shall ensure to the benefit of and be binding upon the parties hereto, their respective heirs, legal representatives, successors and assigns.

  • This is a Unit Price Contract, and the base bid is the sum of all pay item totals.

  • I acknowledge reading and understanding the Sample Unit Price Contract.

  • If this is a Unit Price Contract, the unit prices are set forth in the Scope of Work.

  • In Consideration of the performance of the work in accordance with the Contract documents for this Unit Price Contract, Owner shall pay Contractor in current funds for services actually performed based on the unit prices contained in the Bid Form and Itemized Bid Schedule, subject to additions and deductions by Change Order approved by the Owner.

  • This contract is a (check one): Unit Price Contract Lump Sum Contract Hourly Rate Contract ✔ ✔ Task Based Contract See Exhibit A- incorporated by this reference for additional payment term information.

  • The Unit Price Contract is a construction contract for construction works, under which the Contracting Parties agree that the Contract Price shall be calculated, adjusted and determined based on the Bill of Quantities and the Comprehensive Unit Price.

  • In Consideration of the performance of the work in accordance with the Contract documents for this Unit Price Contract, Owner shall pay Contractor in current funds a not-to-exceed total contract price of Twenty-One Million Nine Hundred Sixty-Seven Thousand Two Hundred Sixty-Four Dollars and Twenty-Three Cents ($21,967,264.23), subject to additions and deductions by Change Order approved by the Owner.


More Definitions of Unit Price Contract

Unit Price Contract means a Contract where the District pays a unit price for each completed unit of Work to the Contractor.
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Unit Price Contract means a competitively bid contract in which public works or services are anticipated on a recurring basis to meet the city’s business or operational
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Unit Price Contract. Contract awarded is for a unit price when product and service needs are based upon indefinite quantities, and where orders will be based on actual needs that may exceed or be less than projections. All expenditures under a unit price contract are contingent upon appropriations having been made by Charlotte City Council.
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Related to Unit Price Contract

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

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

  • Unit Price Work means Work or a portion of the Work paid for based on incremental units of measurement.

  • Unit Price means an amount stated in the Bid for which Bidder offers to perform the Unit Price Work for a fixed price per unit of measurement.

  • Unit Price Arrangement means that part of the Contract that prescribes the product of a price per unit of measurement multiplied by a number of units of measurement for performance of the Work to which it relates;