FIXED PRICE(S) PLUS EXPENSES Sample Clauses
The 'Fixed Price(s) Plus Expenses' clause establishes that the primary compensation for goods or services will be a predetermined, unchanging amount, with additional reimbursement for specific, agreed-upon expenses incurred during performance. In practice, this means the supplier or contractor receives a set fee for their work, but can also submit receipts or documentation to recover costs such as travel, materials, or other out-of-pocket expenditures directly related to the project. This clause provides cost certainty for the main deliverables while ensuring that necessary and reasonable expenses are covered, balancing budget predictability with flexibility for legitimate additional costs.
FIXED PRICE(S) PLUS EXPENSES payments will be as follows:
3.1 Payments of the FIXED PRICE will be a single lump sum payment equal to the Fixed Price upon acceptable completion of services, or progress payments not to exceed the Fixed Price(s).
FIXED PRICE(S) PLUS EXPENSES payments will be as follows:
3.1 Payments of the FIXED PRICE will be a single lump sum payment equal to the Fixed Price upon acceptable completion of services, or progress payments not to exceed the Fixed Price(s).
3.2 Payments for Other Direct Costs (EXPENSES) will be made for actual substantiated costs not to exceed the total specified amount for expenses which are directly chargeable to and necessary for performance of the services assuming they are not recovered through the Indirect Cost Rate.