Contract Sums Clause Samples

The 'Contract Sums' clause defines the total amount of money that the client agrees to pay the contractor for the completion of the specified work under the contract. This clause typically outlines how the contract sum is calculated, whether as a fixed price, a schedule of rates, or based on measured quantities, and may specify when and how payments are to be made. By clearly stating the agreed financial terms, the clause ensures both parties understand the payment obligations, reducing the risk of disputes over compensation and providing a clear basis for managing changes or variations to the work.
Contract Sums. Owner may choose to establish separate Contract Sums for each phase of the Project and, if so, Contractor shall cooperate to prepare and timely deliver to Owner when due such Contract Sums as set forth in the Project Schedule.
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Contract Sums. Amounts paid or payable under the Contracts.
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Contract Sums. Amounts paid or payable under any Service Contracts, future room bookings and similar agreements relating to the operation of the Project;
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Contract Sums. The cost to perform the work contemplated by this Agreement is $22,724.00 annually, payable: Select Payment Option (initial) - $22,276.00 per year (2% discount)
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Related to Contract Sums

  • CONTRACT SUM 9.1.1 The Contract Sum is stated in the State-Contractor Agreement and, including authorized adjustments thereto, is the total amount payable by the State to the Contractor for the performance of the Work under the Contract Documents.

  • THE CONTRACT SUM The Owner shall pay the Contractor for the performance of the contract, subject to additions and deductions provided by approved change orders, in current funds, the Contract Sum as follows:

  • Contract Supremacy In the case of a conflict between the express terms of this Agreement and the terms of the ISO Agreement, the express terms of this Agreement shall prevail.

  • CONTRACT SCOPE Pursuant to this Contract, Contractor is authorized to sell and provide only those Goods and/or Services set forth in Exhibit A – Included Goods/Services for the prices set forth in Exhibit B – Prices for Goods/Services. Contractor shall not represent to any Purchaser under this Contract that Contractor has contractual authority to sell or provide any Goods and/or Services beyond those set forth in Exhibit A – Included Goods/Services.

  • Contract Schedule The information set forth in the Contract Schedule is true and correct.