Contract Sum Acknowledgment Sample Clauses

Contract Sum Acknowledgment. (a) The Contractor acknowledges and warrants that the Contract Sum payable is a fixed amount subject to adjustment only as expressly specified in this Contract and is inclusive of all Works under the Contract, risks, compliance with all duties and obligations under the Contract, including the following: i. any rise and fall in the cost of labour and materials including any increase in the cost of parts forming part of the Works because of any fluctuation in foreign currency exchange rates; ii. conditions at the Site; iii. payments in respect of the Contractor’s employees, including long service leave, redundancy, severance, worker’s compensation or superannuation; iv. taxes including customs, duties and sales taxes applicable to any goods or materials to be used in the performance of the Works but not including any GST; v. management and supervisory costs; and vi. any levy payable in respect of the training and support of the construction industry and its members. (b) The Contractor acknowledges that, unless expressly provided for in this Contract, Viterra is not liable for any amounts above the Contract Sum, and the Contractor must not claim, and releases Viterra, in respect of such matters.