Common use of PROVISIONAL SUM Clause in Contracts

PROVISIONAL SUM. (A) The Contract Price includes the provisional sums listed in Exhibit A. (B) CONTRACTOR shall comply with directions of COMPANY to carry out the work or supply an item to which the provisional sum relates. (C) CONTRACTOR shall submit prices for the work or item to which each provisional sum relates to COMPANY prior to COMPANY issuing a direction in relation to that work or item. (D) A provisional sum included in this Agreement shall not itself be payable by COMPANY but where pursuant to a direction issued by the COMPANY any part or the whole of the work or item to which the provisional sum relates is carried out or supplied by CONTRACTOR, the work or item shall be priced by the COMPANY, and the difference shall be added to or deducted from the Contract Price. (E) The Contract Price includes an amount for profit, preliminaries and on and off-site overheads in relation to the provisional sums and no amount for profit, preliminaries and on and off-site overheads in relation to the provisional sums shall be added to or deducted from the Contract Price.