Firm Fixed Price Method Sample Clauses

Firm Fixed Price Method. 1. The Contractor and Owner may mutually agree on a fixed amount as the total compensation for the performance of changed work.
Sample 1
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Firm Fixed Price Method. When using the firm, fixed price method, the Parties agree that compensation and payment for full and complete compensation of all work, materials, and services furnished under the terms of this Contract, will be paid to the Consultant for each Project Task Order. The firm, fixed price amount for a Project Task Order shall be based on estimated staff hours, direct labor rates, direct expenses, an overhead rate, and sub- consultant costs. The firm, fixed price amount for each Project Task Order shall not be exceeded unless the City determines that there is a substantial change in scope, character, or complexity of the service from those originally negotiated for the Project Task Order.
Sample 1
Firm Fixed Price Method. For full and complete compensation for all work, materials, and services furnished under the terms of this Agreement, the CONSULTANT shall be paid a firm, fixed price amount for each PROJECT TASK ORDER. The firm, fixed price amount for a PROJECT TASK ORDER shall be based on estimated staff hours, direct labor rates, direct expenses, an overhead rate, and sub-consultant costs. The firm, fixed price amount for each PROJECT TASK ORDER shall not be exceeded unless the DEPARTMENT determines that there is a substantial change in scope, character, or complexity of the service from those originally negotiated for the PROJECT TASK ORDER. Appropriate costs to use as a guide in determining the firm, fixed price amount for each PROJECT TASK ORDER are the costs used by the CONSULTANT and the DEPARTMENT which are attributable to the specific work covered by this Agreement and allowable under the provisions of Subchapter E. Parts 31.105 and 31.2 of the current Federal Acquisition Regulation. These include the following: Salaries of the employees for time directly chargeable to work covered by the Agreement and salaries of principals for time they are productively engaged in work necessary to fulfill the terms of the Agreement.
Sample 1
Firm Fixed Price Method. Upon completion, delivery and acceptance of all work contemplated under a PROJECT TASK ORDER, the CONSULTANT shall submit only one final invoice statement for the balance of the firm, fixed price amount. At such time, payment of 100% of the firm, fixed price amount, less the total of all previous payments, shall be paid by the DEPARTMENT to the CONSULTANT. Except as may be changed by the provisions of SECTION 19, SUBSTANTIAL CHANGES, the maximum total compensation payable under any PROJECT TASK ORDER will not exceed the estimated total costs as described in the PROJECT TASK ORDER and attachments. The CONSULTANT agrees that acceptance of this final payment for the applicable PROJECT TASK ORDER as well as for this Agreement shall be in full and final settlement of all claims arising against the DEPARTMENT for work done, materials furnished, costs incurred, or otherwise arising out of this Agreement and shall release the DEPARTMENT from any and all further claims of whatever nature, whether known or unknown, for and on account of said Agreement, and for any and all work done, and labor and materials furnished, in connection with same. The rate of compensation for work performed on this PROJECT by a professional staff member or employee of the CONSULTANT shall not exceed the salary rate of such person that is applicable to that person’s other activities for the CONSULTANT. Charges for salaries and wages of individuals shall be supported by time and attendance and payroll distribution records. Expense for travel outside the State of Georgia shall not be an allowable direct cost under this contract unless such travel is listed in the budget estimate in the Fee Schedule or approved in writing in advance by the GDOT. In addition, direct allowable costs for travel within the State of Georgia shall be limited to the amount included in the Fee Schedule, unless prior written approval is obtained from the GDOT for increasing such amount. This approval by the GDOT shall not change the total estimated cost as specified herein.
Sample 1

Related to Firm Fixed Price Method

  • Fixed Price CLIN(s), Fixed-Price Incentive (Firm Target) CLIN(s) only. 52.246-17 WARRANTY OF SUPPLIES OF A NONCOMPLEX NATURE (JUN 2003) - ALTERNATE IV (APR 1984) Para (b), Period of time is '"To be cited in each individual task order"' Para (c), Period of time is '"To be cited in each individual task order"' 52.246-18 WARRANTY OF SUPPLIES OF A COMPLEX NATURE (MAY 2001) Para (b)(1), Warranty period or event is '"To be cited in each individual task order"' Para (c)(3), Period of time is '"To be cited in each individual task order"' Para (c)(3), Period of time is '"To be cited in each individual task order"' Para (c)(3), Period is '"To be cited in each individual task order"' Para (c)(4), Period is '"To be cited in each individual task order"' Para (c)(4), Period is '"To be cited in each individual task order"'

  • GSA Benchmarked Pricing Additionally, where the NYS Net Price is based upon an approved GSA Supply Schedule:

  • PRICING for Markup of Non-Prepriced Items in RS Means Unit Price Book What is your proposed Markup Percentage on materials not found in the RS Means Price Book? If any materials being utilized for a project cannot be found in the RS Means Price Book, this question is what is the markup percentage on those materials? When answering this question please insert the number that represents your percentage of proposed markup. Example: if you are proposing a 30 percent markup, please insert the number "30". Remember that this is a ceiling markup. You may markup a lesser percentage to the TIPS Member customer when pricing the project, but not a greater percentage. EXAMPLE: You need special materials that are not in the RS Means Unit Price Book for a project. You would buy the materials and mark them up to the TIPS Member customer by the percentage you propose in this question. If the materials cost you, the contractor, $100 and you proposed a markup on this question for the material of 30 percent, then you would charge the TIPS Member customer $130 for the materials.

  • Purchase Price and Method of Payment Buyer shall pay and Seller shall accept the purchase price for the Business as follows:

  • Fixed Kilowatt-Hour Rate Product If Clearview Energy would like to propose a change to a fixed kilowatt-hour rate product, you will be notified by the process described in Change of Terms. Fixed price products may change due to new or modified federal, state or local laws; or regulatory actions that impose new or modified fees. 2b. Month-to-month Variable Kilowatt-Hour Rate Product – Month-to-month variable kilowatt-hour rate products are subject to change without notice at Clearview Energy’s discretion outside of any applicable promotion. If applicable, the Monthly Base Charge may also fluctuate outside of any applicable promotion. After the first month, the price may vary based on a number of factors, including market supply prices, energy capacity prices, settlement costs and other market- related factors, as determined at our discretion, plus estimated total state taxes, fees, charges or other assessments, along with our costs, expenses and profit margins. There is no limit on how much the price may change from one billing cycle to the next. The price can change each billing period. The Customer will not know the price until receiving the bill. A customer may obtain the previous 24 months’ average monthly billed price for the customer’s rate class and service territory at 1.800.746.4702 and xxx.xxxxxxxxxxxxxxx.xxx. Historical pricing is not indicative of present or future pricing. All pricing can be viewed at xxx.XxxxxxxxxXxxxxx.xxx.

  • The Price 1. During the period of validity indicated in the offer, the prices of the products and/or services being offered will not be increased, except for price changes in VAT-tariffs.

  • Calculation methodology No adjustment in the Conversion Price need be made unless the adjustment would require an increase or decrease of at least 1% in the Conversion Price then in effect, provided that any adjustment that would otherwise be required to be made shall be carried forward and taken into account in any subsequent adjustment. Except as stated in this Article VI, the Conversion Rate will not be adjusted for the issuance of Common Stock or any securities convertible into or exchangeable for Common Stock or carrying the right to purchase any of the foregoing. Any adjustments that are made shall be carried forward and taken into account in any subsequent adjustment. All calculations under Article V and Section 6.06 hereof and this Section 6.07 shall be made to the nearest cent or to the nearest 1/10,000th of a share, as the case may be.

  • CONTRACT PRICE/PRICE LIMITATION/ PAYMENT 5.1 The contract price, method of payment, and terms of payment are identified and more particularly described in EXHIBIT C which is incorporated herein by reference.

  • Data Universal Number System (DUNS) number Requirement Grantee will provide their valid DUNS number contemporaneous with execution of this Agreement.

  • Fixed Kilowatt Rate Product If Clearview Energy would like to propose a change to a fixed kilowatt rate product, you will be notified by the process described in Change of Terms. Fixed price products may change due to new or modified federal, state or local laws; or regulatory actions that impose new or modified fees. 2b. Month-to-month Variable Kilowatt Rate Product – Month-to-month variable kilowatt rate products are subject to change without notice at Clearview Energy’s discretion outside of any applicable promotion. If applicable, the Monthly Base Charge may also fluctuate outside of any applicable promotion. All pricing can be viewed at xxx.XxxxxxxxxXxxxxx.xxx.

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