Fixed Project Payment Clause Samples
A Fixed Project Payment clause establishes that the compensation for a project will be a predetermined, lump-sum amount rather than being based on hourly rates or variable costs. This clause typically specifies the total payment due for the entire scope of work, regardless of the actual time or resources expended by the service provider. By setting a clear, upfront payment amount, it provides both parties with certainty regarding costs and helps prevent disputes over billing or scope changes during the project.
Fixed Project Payment. Return of and on Invested Equity Capital (if any) • Principal Payments • Interest Expense • Ongoing Lender Fees and Administrative Costs Labor (Power Block, ASU & CPU) Maintenance Materials & Contract Labor Consumables & Chemicals (fixed portion only; if any) Water and Water Treatment (fixed portion only; if any) Lime/Limestone (fixed portion only; if any) Waste Disposal (fixed portion only; if any) Carbon Transport & Storage (fixed portion only) Air Separation Unit (ASU) Fixed O&M (ex‐Labor) Compression & Purification Unit (CPU) Fixed O&M (ex‐Labor) ASU Fixed Fee for Capital Cost Recovery (if Over‐the‐Fence) Purchased Power Ongoing Legal, Environmental and Permitting, & Engineering Support Insurance General & Administrative Security Operator Fee Interconnection & Transmission Costs MISO Scheduling Coordinator Major Maintenance Sinking Fund Decommissioning Sinking Fund Local Property Taxes Other Taxes and Fees Consumables & Chemicals Water and Water Treatment Lime/Limestone Emissions Allowances Waste Disposal Carbon Transport & Storage Variable O&M ASU Variable O&M CPU Variable O&M Delivered Fuel Costs (including all applicable taxes) • Boiler • Air Quality Control System • Steam Turbine Generator • ASU • CPU • Balance of Plant Capacity Attributes Ancillary Service Attributes Environmental Attributes
Fixed Project Payment. Return of and on Invested Equity Capital (if any)