Provisional and Prime Cost Sums Sample Clauses

Provisional and Prime Cost Sums. Each Sum shall only be used, in whole or in part, in accor- dance with the Client’s instructions and the Contract Price shall be adjusted accordingly. The total sum paid to the Service Provider shall include only such amounts, for the work, supplies or services to which the Sum relates, as the Client shall have instructed. For each Sum, the Client may instruct equipment, materials or services to be procured by the Service Provider in accordance with the Client’s policies, and for which there shall be included in the Contract Price: - The actual amounts paid (or due to be paid) by the Service Provider under the Sum, and - An item for compilation and printing of procurement documentation, quotation/tender process and evaluation, and all overhead charges and profit, tendered in the Pricing Schedule. Provided that for Prime Cost Sums only, where a percentage mark-up or lump sum mark-up is tendered, which shall exclude profit. The Service Provider shall produce all quotations, invoices, vouchers and accounts or receipts in substantiation of any claim under a Sum. Any percentage adjustment or lump sum mark-up against the Sum for handling fee, profits, etc. shall not be negative.
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