Stipulated Sum definition

Stipulated Sum is the amount established by the District as total compensation to the Design/Builder for the design and construction of the Project.
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Stipulated Sum means the amount stated in the Agreement and including authorized adjustments by Change Order, is the total amount payable by the CDCR to the Contractor for performance of the Work under the Contract Documents.
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Stipulated Sum means the sum of Three Million Nine Hundred Thirty-Two Thousand and Seventy-Two dollars ($3,932,072), subject to adjustment by agreement (such agreement to be granted or withheld in the sole discretion of each applicable party) of Landlord, Tenant and Contractor.
Sample 1

Examples of Stipulated Sum in a sentence

  • The Contract Sum shall be one of the following: (Check the appropriate box.) [ X ] Stipulated Sum, in accordance with Section 4.2 below [ ] Cost of the Work plus the Contractor’s Fee without a Guaranteed Maximum Price, in accordance with Section 4.3 below [ ] Cost of the Work plus the Contractor’s Fee with a Guaranteed Maximum Price, in accordance with Section 4.4 below (Based on the selection above, complete Section 4.2, 4.3 or 4.4 below.

  • Basic Services Fee (sum of items below) () $0.00 .1 Schematic Design Documents 15% = $0.00 .2 Design Development Documents 20% = $0.00 .3 Construction Documents 35% = $0.00 .4 Construction Procurement 5% = $0.00 .5 Construction Contract Administration 25% = $0.00 The Basic Services Fee for this Project is based on a negotiated fee rate of 5.00% of the estimated Cost of the Work (or a negotiated Stipulated Sum equivalent to that rate), and includes the design of Alternate Bid items.

  • A.1.5.2.1 Applications for Payment where the Contract Sum is based upon a Stipulated Sum shall indicate the percentage of completion of each portion of the Work as of the end of the period covered by the Application for Payment.

  • When both Stipulated Sum fees and Hourly Rate fees are used select “Mixed fees, not-to-exceed” for the subtotal fee amount.

  • The Contract Sum shall be one of the following: (Check the appropriate box.) [ ] Stipulated Sum in accordance with Section 4.2 below; [ ] Cost of the Work Plus Design-Builder’s Fee in accordance with Section 4.3 below; rice in accordance with [ X ] Cost of the Work Plus Design-Builder’s Fee with a Guaranteed Maximum P Section 4.4 below.

  • When total compensation is Stipulated Sum, payment shall be commensurate with the actual work completed, but not exceeding the phase limit.

  • Such additional and necessary pre-construction activities are not included in the Stipulated Sum and shall be paid in accordance with Sections 4.3.1 and 4.3.2 hereafter.

  • A.9.2.1 Before the first Application for Payment, where the Contract Sum is based upon a Stipulated Sum or the Cost of the Work plus General Contractor’s Fee with a Guaranteed Maximum Price, the Design-Builder shall submit to the Owner an initial schedule of values allocated to various portions of the Work prepared in such form and supported by such data to substantiate its accuracy as the Owner may require.

  • Additional DB Stipulated Sum proposals for additional alignments of border infrastructure will require submission of insurance policies with coverages as set out above.

  • Stipulated Sum Change Order: Based on Proposal Request and Contractor’s fixed price quotation, or Contractor’s request for a Change Order as approved by the Professional.


More Definitions of Stipulated Sum

Stipulated Sum means the Contract Sum and is the lump sum, fixed price compensation to which the DB agrees for timely delivery of all services, labor, materials and the Work, described in the agreement. Subcontract means any agreement between DB and a Subcontractor. Subcontractor is defined in UGC Section 1.42.
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Related to Stipulated Sum

  • Stipulated Loss Value is the value of each unit of Hardware at various times during the Lease as specified in the applicable Schedule; however, in no event will the Stipulated Loss Value of a Hardware unit exceed its fair market value.

  • Base Rent As defined in Section 3.1.

  • Construction Fee means a fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or provide major repairs or rehabilitations on a Property.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Interim Rent means the pro-rata portion of Rent due for the period from the Commencement Date through but not including the first day of the first full Rent Interval included in the Initial Term.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Guaranteed Sum means: The maximum aggregate amount of R

  • Additional Rents means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

  • Additional Rent means any and all amounts, other than Basic Rent, required to be paid by the Tenant under this Lease, whether or not same are designated “Additional Rent” or whether or not the same are payable by Landlord;

  • Performance Bank Guarantee/ Security Deposit means interest free amount to be deposited by the Contractor with NMRC as per terms and conditions of Contract Agreement as a security against the performance of the Contract agreement

  • Late Charge shall have the meaning set forth in Section 13.09 hereof.

  • Minimum Rent means the sum of Sixty-Six Million One Hundred Seventy-Six Thousand Five Hundred and Twenty-Six Dollars ($66,176,526) per annum; subject, in each case, to adjustment as provided in Section 3.1.1(b).

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Construction Lender means a person who makes a construction loan.

  • Rent and Charges Reserve means the aggregate of (a) all past due rent and other amounts owing by a Loan Party to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve equal to three months rent and other charges that could be payable to any such Person, unless it has executed a Collateral Access Agreement.

  • Tenant Inducement Costs shall not include loss of income resulting from any free rental period, it being agreed that Seller shall bear the loss resulting from any free rental period until the date of Closing and that Purchaser shall bear such loss from and after the date of Closing.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

  • Amendment Fee means any fee offered, paid or payable to any Lender Party by the Borrower or any Affiliate of the Borrower (whether directly or through the Administrative Agent or any other Person) in consideration for any waiver of, or agreement to amend or modify any provision of, any of the Financing Documents.

  • Introduction Fee means the fee payable by the Client to the Agency for an Introduction resulting in an Engagement;

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.