LUMP SUM FEE CALCULATION Sample Clauses

LUMP SUM FEE CALCULATION. The lump sum fee is determined and agreed between the Parties on signing the Agreement, on the basis of the estimation by the Architect of the time spent that takes into account: - the complexity of the project such that s/he could appraise from the project brief and information provided by the Client - the scope and extent of the Appointment that s/he is confided, and - her/his practice hourly rate. Direct expenses and any specific disbursements are added to this fee as defined in clause C 5.6, unless special provision in Memorandum of Agreement. In the event of financial penalties under the provisions of clause C 5.4, the penalty amount is deducted from the lump sum fee. The fee amount is revised under the provisions in clause C 5.2 and re-evaluated under the circumstances and the provisions stipulated in clause C 5.7. In the event of abandon of the Appointment, the fees due are calculated based on the value of the services recorded in the Fee Schedule of the Memorandum of Agreement, and their advancement. If necessary, the fee amount is increased by the compensation stipulated in clauses C 9.1.2 and C 9.3.
Sample 1
AutoNDA by SimpleDocs

Related to LUMP SUM FEE CALCULATION

  • Payment Calculation District shall pay Contractor at a rate of $ per . OR District shall pay Contractor as described in attached Exhibit A

  • Lump Sum The Change Order cost is determined by mutual agreement as a lump sum amount changing the Contract Sum allowed for completion of the Work. The Change Order shall be substantiated by documentation itemizing the estimated quantities and costs of all labor, materials and equipment required as well as any xxxx-up used. The price change shall include the cost percent allowed for the Contractor's overhead and profit and, if eligible, Time Dependent Overhead Costs.

  • Overtime Calculation For the purpose of overtime calculation only, approved or scheduled time off work will be considered the same as time worked.

  • Overtime Pay Calculation Overtime shall not be claimed or received for less than fifteen (15) minutes. If overtime amounts to fifteen (15) minutes, or more, it shall be paid for the total period.

  • Salary Rate Calculation and Payment The biweekly salary rate of employees serving on twelve (12) month (calendar year) appointments shall be calculated by dividing the calendar year salary rate by 26.1 pay periods.

  • Lump Sum Payment Upon award of the contract for this improvement, the LA will pay to the STATE, in lump sum, an amount equal to 80% of the LA’s estimated obligation incurred under this Agreement, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs. Method B - Monthly Payments. Upon award of the contract for this improvement, the LA will pay to the STATE, a specified amount each month for an estimated period of months, or until 80% of the LA’s estimated obligation under the provisions of the Agreement has been paid, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs.

  • Payment on Early Termination Upon termination pursuant to Section 14 (Early Termination), District shall pay Contractor as follows:

  • Lump Sum Payments If, during the Employment Period, the Company terminates the Executive's employment other than for Cause, or the Executive terminates employment for Good Reason, the Company shall pay to the Executive the following amounts:

  • Interest Calculation Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.

  • Placement on the Salary Schedule All teachers shall be placed on the appropriate step in the salary schedule taking into consideration the following:

Time is Money Join Law Insider Premium to draft better contracts faster.