Common use of Fixed Price Lump Sum Clause in Contracts

Fixed Price Lump Sum. Proposals for work to be undertaken on a fixed price lump sum basis shall follow the requirements set out herein for changes undertaken on either unit price basis or time and material basis, or a combination of both (Contractor to select the method), except that quantities of time, work and materials, and applicable rates and prices shall be estimated or chosen by Contractor prior to execution of the work. As part of its proposal for each change, Contractor shall submit details similar to those required by Sections 3 and 4, of this Appendix, as applicable.

Appears in 8 contracts

Samples: Framework Agreement, Agreement, Agreement

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