Common use of Pricing Assumptions Clause in Contracts

Pricing Assumptions. Entries in the first four columns in the Price List are made either by the Employer or the tendering contractor If the Contractor is to be paid an amount for the item which is not adjusted if the quantity of work in the item changes, the tenderer enters the amount in the Price column only; the Unit, Quantity and Rate columns being left blank. If the Contractor is to be paid an amount for the item of work which is the rate for the work multiplied by the quantity completed, the tenderer enters the rate which is then multiplied by the expected quantity to produce the Price, which is also entered. All Prices are to be shown excluding VAT unless instructed otherwise by the Employer in Tender Data or in an instruction the Employer has given before the tenderer enters his Prices. If there is insufficient space in the Price List which follows, State in which document the Price List is contained.

Pricing Assumptions. Entries in the first four columns in the Price List are made either by the Employer or the tendering contractor If the Contractor is to be paid an amount for the item which is not adjusted if the quantity of work in the item changes, the tenderer enters the amount in the Price column only; the Unit, Quantity and Rate columns being left blank. If the Contractor is to be paid an amount for the item of work work, which is the rate for the work multiplied by the quantity completed, the tenderer enters the rate rate, which is then multiplied by the expected quantity to produce the Price, which is also entered. All Prices are to be shown excluding VAT unless instructed otherwise by the Employer in Tender Data or in an instruction the Employer has given before the tenderer enters his Prices. If there is insufficient space in the Price List List, which follows, State state in which document the Price List is contained.

Pricing Assumptions. Entries in the first four columns in the Price List are made either by the Employer or the tendering contractor If the Contractor is to be paid an amount for the item which is not adjusted if the quantity of work in the item changes, the tenderer enters the amount in the Price column only; the Unit, Quantity and Rate columns being left blank. If the Contractor is to be paid an amount for the item of work which is the rate for the work multiplied by the quantity completed, the tenderer enters the rate which is then multiplied by the expected quantity to produce the Price, which is also entered. All Prices are to be shown excluding VAT unless instructed otherwise by the Employer in Tender Data or in an instruction the Employer has given before the tenderer enters his Prices. If there is insufficient space in the Price List which follows, State state in which document the Price List is contained.. All prices in the price list must be fixed and firm