Agreement Sum Clause Samples

Agreement Sum. The Agreement Sum is stated in Appendix B (Agreement Sum and Payment Schedule) and is the total amount payable by the Owner to the Contractor for the performance of the Work under this Agreement. The Agreement Sum is fixed. Any work additional to the Work shall be done on a fixed price basis or on a time and materials basis as agreed to by the Owner and Contractor prior to the commencement of such additional work. Before submitting the first invoice, the Contractor shall submit a complete breakdown of the Agreement Sum showing the value assigned to each part of the Work including an allowance for profit and overhead. Upon Owner’s approval of the breakdown of the Agreement Sum, it shall be used only as a basis for the Contractor's invoice. For lump-sum agreements the Contractor is to provide invoicing showing material costs and the total cost of the project or applicable portion thereof.

Agreement Sum. As compensation for Contractor’s timely performance of the Services in accordance with this Agreement, City shall pay Contractor a total sum not to exceed [NTE dollar amount, ($)] (the “Agreement Sum”), in accordance with the "Schedule of Rates" attached hereto as Exhibit C. Contractor will submit monthly invoices to City concerning the Services performed by Contractor during the immediately preceding month (each an “Invoice”). Each Invoice will contain the following information: (a) a summary of the Services performed by Contractor (and by whom); (b) the number of hours (or fraction thereof) each person spent to perform the Services; (c) the applicable fee(s) for performing the Services; and (d) all other information reasonably requested by City. City will pay the undisputed amount due under each Invoice within thirty (30) days after City has reviewed and approved the Invoice. No compensation will be paid by City for any portion of the Services not performed. Payment shall not be considered acceptance or approval of any Services or waiver of any defects therein. The Agreement Sum shall constitute full and complete payment for said Services and all expenditures which may be made and expenses incurred, except as otherwise expressly provided in this Agreement or agreed to by mutual written and duly signed agreement of City and Contractor. Notwithstanding the foregoing, the parties may not increase the Agreement Sum without prior written authorization of the City Manager. Failure of Contractor to secure authorization for extra work shall constitute a waiver of all right to adjustment in the Agreement Sum or Agreement time due to such unauthorized extra work and Contractor thereafter shall be entitled to no compensation whatsoever for the performance of such work.

Agreement Sum. The Owner shall pay the Management Agent in current funds for the performance of the work hereunder the annual contract sum of , prorated monthly at a rate of

Agreement Sum. Subject to any limitations set forth in this Agreement, the City agrees to pay the Contractor the amounts specified in the “Schedule of Compensation” attached as Exhibit C and incorporated in this Agreement by this reference. The total compensation, including reimbursement for actual expenses, shall not exceed $80,000 (“Agreement Sum”), unless additional compensation is approved pursuant to Section 1.9. The Schedule of Compensation shall include the attendance of the Contractor at all project meetings reasonably deemed necessary by the City. Coordination of the performance of the services with the City is a critical component of the services. If the Contractor is required to attend additional meetings to facilitate such coordination, the Contractor shall not be entitled to any additional compensation for attending these meetings. The Contractor acknowledges that the City is greatly concerned about the cost of work and services to be performed pursuant to this Agreement. For this reason, the Contractor agrees that if the Contractor becomes aware of any facts, circumstances, techniques or events that may or will materially increase or decrease the cost of the work or services contemplated in this Agreement and specified in the Schedule of Compensation, the Contractor shall promptly notify the City Manager of this fact, circumstance, technique or event and the estimated increased or decreased cost and, if the Contractor is providing design services, the estimated increased or decreased cost estimate for the project being designed. The Contractor understands that even if it notifies the City Manager of an increase, the City will not pay any additional funds to the Contractor for any increase unless the Parties fully execute a written amendment to this Agreement pursuant to Section 9.4.

Agreement Sum. As compensation for Contractor’s timely performance of the Services in accordance with this Agreement, City shall pay Contractor a total sum not to exceed $6,200,709 (the “Agreement Sum”), in accordance with the "Schedule of Rates" attached hereto as Exhibit C. City has also added funding in the amount of $394,345 for minor unexpected expenses that may exceed the total of the Schedule of Rates in Exhibit C. Any expense included in the “Invoice” separate than the “Schedule of Rates” must be pre-approved in writing by the City. Contractor will submit monthly invoices to City concerning the Services performed by Contractor during the immediately preceding month (each an “Invoice”). Each Invoice will contain the following information: (a) a summary of the Services performed by Contractor (and by whom); (b) the number of hours (or fraction thereof) each person spent to perform the Services; (c) the applicable fee(s) for performing the Services; and (d) all other information reasonably requested by City. City will pay the undisputed amount due under each Invoice within thirty (30) days after City has reviewed and approved the Invoice. No compensation will be paid by City for any portion of the Services not performed. Any change to hours and/or routes shall be made in writing on terms mutually acceptable to the parties. If for any reason the Operations Manager, Road Supervisor, Maintenance Coordinator or Bus Washer positions designated in the contract are open or not permanently filled, with a qualified individual, for more than 90 days, a charge equal to the position’s monthly salary and benefits as denoted in the contract may be immediately assessed by the City of ▇▇▇▇▇, and collected through a reduction in payment owed the CONTRACTOR in the next invoice cycle, or as otherwise agreed to at the City of ▇▇▇▇▇’s discretion. Such fee may continue to be collected for each subsequent month in which the open position is left vacant. Payment shall not be considered acceptance or approval of any Services or waiver of any defects therein. The Agreement Sum shall constitute full and complete payment for said Services and all expenditures which may be made and expenses incurred, except as otherwise expressly provided in this Agreement or agreed to by mutual written and duly signed agreement of City and Contractor. Notwithstanding the foregoing, the parties may not increase the Agreement Sum without prior written authorization of the City Manager. Failure of Contractor to s...

Agreement Sum. The City will pay Artist for the performance under this Agreement, the sum of Five Thousand Dollars ($5,000.00) on the following schedule: A. City will pay Artist $1,000.00 for their design upon execution of this Agreement and Artist obtaining any and all required permits and approvals required by the Conservancy District B. City will pay the Artist $4,000.00 upon completion of the Artwork C. No separate or additional payment shall be made to Artist for any amounts otherwise than as stated and notwithstanding whether such amounts are unanticipated expenses.

Agreement Sum. The Total Agreement Sum below is a not to exceed total amount payable by Owner to Contractor for the performance of work under the Agreement Documents unless modified in writing through a properly executed change order: Project Cost $ Cost for Bonds per Section 19 $ Total Agreement Sum $ Payments will only be made for actual goods or services ordered and received, and approved by the Owner.

Agreement Sum. 4.1.1. City agrees to pay Artist for the services described in the afore noted attachments. Payment of Artist’s services, as described shall be for time expended on project by Artist, they shall be remunerated at the payment per task as shown in Attachment 1. The Artist shall provide services in Attachment 1 and Attachment 2 related to visioning and conceptual design for the total projected maximum fee not to exceed fifteen thousand dollars ($15,000.00). Fees related to a future final design, fabrication, commissioning, installation, and warrant, as needed will be negotiated and approved as detailed in paragraph 8.1. No payment shall be made for work performed prior to the date upon which the last required signature is affixed to this Agreement or the date of the Artist’s receipt of a Notice to Proceed, whichever occurs later. By mutual agreement, the City and Artist may reallocate the budget among project tasks if the total budget amount remains unchanged. 4.1.2. Reimbursable expenses, including travel related lodging, meals, and transportation will be included in the cost of project listed in Attachment 1. 4.1.3. Artist may submit invoices to City for payment upon completion of services for the project in Attachment 1. Invoices for services associated with Additional Services shall have written authorization from the City before proceeding with any additional services. Payments shall be made pursuant to Wyo. Stat. §16-6-602. Payments made beyond forty-five (45) days after invoice will include interest at the legal rate for the State of Wyoming for such period 4.1.4. Records of personnel, Artists, extra and reimbursable expenses pertaining to the Project shall be kept on a generally recognized accounting basis, acceptable to City, and shall be available to City or authorized representatives of City or upon request by City.

Agreement Sum. Hotel and the City agree as follows: Payments to Date: $XXXXX Invoices to Date (excluding Final Invoice) $XXXXX Advance/Deposit (if any) ($XXXX) Final Invoice Due $XXXXX Original Agreement Sum: $XXXXX Total Payment (Including Final Payment) $XXXXX