Aggregate Provisional Sum Sample Clauses
The Aggregate Provisional Sum clause defines a total monetary allowance set aside within a contract for unspecified or variable work that may arise during the project. This sum is not allocated to specific tasks at the outset but can be drawn upon as needed for additional work, such as unforeseen site conditions or client-requested changes, with expenditures typically approved by the contract administrator. Its core function is to provide financial flexibility, ensuring that the contract can accommodate necessary adjustments without requiring formal amendments or renegotiations for each minor change.
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Aggregate Provisional Sum. The Contract Price includes an aggregate amount of Eight Hundred Sixty Two Million Thirty Two Thousand Six Hundred Fifty U.S. Dollars (U.S.$862,032,650) (the “Aggregate Provisional Sum”) for the Provisional Sums. The scope and values of each Provisional Sum comprising the Aggregate Provisional Sum amount are included in Attachment EE.
Aggregate Provisional Sum. The Contract Price, which is separated in Section 7.1A and Section 7.1B above, includes an aggregate amount of Two Hundred Ninety Five Million, Five Hundred and Forty Nine Thousand, Nine Hundred Six U.S. Dollars (U.S.$295,549,906) for the Provisional Sums (the “Aggregate Provisional Sum”). The Aggregate Provisional Sum is separated into (i) Aggregate Equipment Prices (the total amount of the Aggregate Equipment Price component of the Aggregate Provisional Sum equaling *** U.S. Dollars (U.S.$***)) and (ii) all other Work (the total amount of such other Work component of the Aggregate Provisional Sum equaling *** U.S. Dollars (U.S.$***)). The scope and values of each Provisional Sum comprising the Aggregate Provisional Sum amount are included in Attachment EE, together with the breakdown between the Aggregate Equipment Prices and all other Work.