INTERPRETATION OF ESTIMATES Sample Clauses

INTERPRETATION OF ESTIMATES a. The attention of bidders is called to the fact that, unless stated otherwise, the quantities given in the proposal form are to be considered to be approximate only and are given as a basis for the comparison of bids. The Agency may increase or decrease the amount of any item as may be deemed necessary or expedient, during the period of the contract.
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INTERPRETATION OF ESTIMATES. An estimate of quantities of work to be done or materials to be furnished under the specification is given in Schedule 'A' These quantities are to be considered as approximate and are prepared for the comparison of bids only. The department does not expressly nor by implication agree that the actual quantities involved will correspond exactly therewith, nor shall the bidder plsad misunderstanding or deception because of such estimate of quantities, or of the character, location or other conditions pertaining to the work. The unit prices to be tendered by the bidder are to be tendered expressly for the scheduled items of work and the quantities thereof may be increased or decreased in accordance with clause 7-3-2 below. Payment to the contractor will be made for the actual quantities only of the work . performed or materials furnished in accordance with contract, and it is understood that the schedule quantities of work to be done or materials to be furnished may each be increased or decreased as hereinafter provided, without in any way invalidating the bid price. .

Related to INTERPRETATION OF ESTIMATES

  • Interpretation In this agreement unless the context otherwise requires:

  • Severability; Interpretation If any provision of this Agreement is held invalid by a court decision, statute, rule or otherwise, the remainder of this Agreement shall not be affected thereby. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors. Where the effect of a requirement of the 1940 Act reflected in any provision of this Agreement is altered by a rule, regulation or order of the SEC, whether of special or general application, such provision shall be deemed to incorporate the effect of such rule, regulation or order.

  • Interpretation of Agreement It is understood that the parties hereto intend this Agreement to be interpreted and enforced so as to provide indemnification to Indemnitee to the fullest extent now or hereafter permitted by law.

  • Interpretation; Governing Law This Agreement shall be construed as a whole and in accordance with its fair meaning and any ambiguities shall not be construed for or against either party. Headings are for convenience only and shall not be used in construing meaning. This Agreement shall be governed and interpreted in accordance with the laws of the State of New York without regard to the conflict of laws principles thereof.

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