Common use of Lump Sum Compensation Clause in Contracts

Lump Sum Compensation. SERVICE AUTHORITY agrees to pay CONSULTANT as compensation for performance of all services as related to the Work a Lump Sum of $ enter amount. It is understood that the method of compensation is that of Lump Sum which means that CONSULTANT shall perform all services set forth for total compensation in the amount stated above. Said Lump Sum includes but is not limited to, compensation for all fees, expenses, and out-of-pocket costs of the CONSULTANT. Even if the CONSULTANT’S actual costs exceed the Lump Sum amount stated in this Section 5.3, the CONSULTANT shall complete the required deliverables and the CONSULTANT’S compensation shall not exceed the Lump Sum Amount.

Appears in 7 contracts

Samples: Project Agreement, Project Agreement, Project Agreement

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