{"component": "clause", "props": {"groups": [{"snippet": "3.1 The Owner shall pay the Contractor for performance of the Contract, including the Base Proposal and Alternate Proposal(s), the sum of _________________________________________________ ($_________________), and make payment on account as provided in the UTUGCs.\n3.2 The following Alternate Proposals, fully described in the Specifications and Drawings, are included as a part of the contract sum: ______________________________________________________.", "samples": [{"hash": "1UstvOS5WAN", "uri": "/contracts/1UstvOS5WAN#the-contract-sum", "label": "Construction Contract", "score": 34.2521400452, "published": true}, {"hash": "8GYCtP0l2mt", "uri": "/contracts/8GYCtP0l2mt#the-contract-sum", "label": "Construction Contract", "score": 33.4428672791, "published": true}, {"hash": "cZjud9Wir2A", "uri": "/contracts/cZjud9Wir2A#the-contract-sum", "label": "Construction Contract", "score": 32.6187286377, "published": true}], "snippet_links": [{"key": "the-owner-shall", "type": "clause", "offset": [4, 19]}, {"key": "pay-the-contractor", "type": "clause", "offset": [20, 38]}, {"key": "performance-of-the-contract", "type": "clause", "offset": [43, 70]}, {"key": "base-proposal", "type": "definition", "offset": [86, 99]}, {"key": "sum-of", "type": "clause", "offset": [131, 137]}, {"key": "payment-on-account", "type": "definition", "offset": [219, 237]}, {"key": "alternate-proposals", "type": "clause", "offset": [283, 302]}, {"key": "specifications-and-drawings", "type": "clause", "offset": [327, 354]}], "size": 65, "hash": "12bba098e289d9de566cc5f34bb146b0", "id": 2}, {"snippet": "The Owner shall pay the Contractor, as full compensation for furnishing all materials and labor and doing all the Work in strict accordance with the Specifications and to the satisfaction of the Owner, the amount of $1,010,000.00. 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The Contract Sum is the total amount payable by District to Contractor for performance of Work under the Contract Documents. The following alternates are included in the Contract Sum: \u0007\u0003List or refer to Exhibit\b Unit prices if any: \u0007\u0003List or refer to Exhibit\b Allowances included in the Contract Sum, if any: \u0007\u0003List or refer to Exhibit\b Notwithstanding any other provision of this Contract or the Contract Documents, the Contract Sum includes all construction contingencies for existing site conditions other than unforeseen conditions that could not be reasonably inferred, or pre-existing Hazardous Materials. Contractor is thoroughly acquainted with and has inspected the Project site without restriction, understands the potential risks in this construction Work, and accepts the full risk of construction contingencies to complete the Work within the Contract Time and Contract Sum set out in this Agreement.", "samples": [{"hash": "aiqidunnJFm", "uri": "/contracts/aiqidunnJFm#the-contract-sum", "label": "Construction Contract", "score": 33.385433197, "published": true}, {"hash": "2KgfO5kceZN", "uri": "/contracts/2KgfO5kceZN#the-contract-sum", "label": "Construction Contract", "score": 33.2231559753, "published": true}, {"hash": "7Q9CzZ31kLr", "uri": "/contracts/7Q9CzZ31kLr#the-contract-sum", "label": "Construction Contract", "score": 32.1804237366, "published": true}], "snippet_links": [{"key": "total-amount-payable", "type": "definition", "offset": [51, 71]}, {"key": "by-district", "type": "clause", "offset": [72, 83]}, {"key": "to-contractor", "type": "definition", "offset": [84, 97]}, {"key": "performance-of-work", "type": "clause", "offset": [102, 121]}, {"key": "the-contract-documents", "type": "clause", "offset": [128, 150]}, {"key": "in-the-contract", "type": "clause", "offset": [190, 205]}, {"key": "refer-to", "type": "definition", "offset": [221, 229]}, {"key": "unit-prices", "type": "definition", "offset": [239, 250]}, {"key": "provision-of", "type": "clause", "offset": [390, 402]}, {"key": "this-contract", "type": "definition", "offset": [403, 416]}, {"key": "construction-contingencies", "type": "clause", "offset": [474, 500]}, {"key": "existing-site-conditions", "type": "clause", "offset": [505, 529]}, {"key": "unforeseen-conditions", "type": "definition", "offset": [541, 562]}, {"key": "existing-hazardous-materials", "type": "definition", "offset": [609, 637]}, {"key": "the-project-site", "type": "clause", "offset": [698, 714]}, {"key": "potential-risks", "type": "definition", "offset": [752, 767]}, {"key": "construction-work", "type": "definition", "offset": [776, 793]}, {"key": "complete-the-work", "type": "clause", "offset": [854, 871]}, {"key": "the-contract-time", "type": "clause", "offset": [879, 896]}, {"key": "set-out", "type": "definition", "offset": [914, 921]}, {"key": "in-this-agreement", "type": "definition", "offset": [922, 939]}], "size": 11, "hash": "5cc37793a9078fb3e96d1a5e6ad0016a", "id": 9}, {"snippet": "3.1 The Owner shall pay the Contractor for performance of the Contract, including the Base Proposal and Alternate Proposal(s), the sum of Dollars ($ ), and make payment on account as provided in the UTUGCs.", "samples": [{"hash": "iP9AWNdTF1p", "uri": "/contracts/iP9AWNdTF1p#the-contract-sum", "label": "Construction Contract", "score": 25.8177661896, "published": true}, {"hash": "km9t1WCxBdl", "uri": "/contracts/km9t1WCxBdl#the-contract-sum", "label": "Construction Contract", "score": 25.8095550537, "published": true}, {"hash": "dhCH3xkuUCs", "uri": "/contracts/dhCH3xkuUCs#the-contract-sum", "label": "Construction Contract", "score": 25.0605316162, "published": true}], "snippet_links": [{"key": "the-owner-shall", "type": "clause", "offset": [4, 19]}, {"key": "pay-the-contractor", "type": "clause", "offset": [20, 38]}, {"key": "performance-of-the-contract", "type": "clause", "offset": [43, 70]}, {"key": "base-proposal", "type": "definition", "offset": [86, 99]}, {"key": "sum-of", "type": "clause", "offset": [131, 137]}, {"key": "payment-on-account", "type": "definition", "offset": [161, 179]}], "size": 36, "hash": "ac4c3b798e9e1d28321d75f9f1ae3d73", "id": 5}, {"snippet": "$ ( Dollars), The Town shall pay the Contractor for the performance of this Agreement a sum NOT TO EXCEED including all reimbursable expenses.", "samples": [{"hash": "37In2jVd9lL", "uri": "/contracts/37In2jVd9lL#the-contract-sum", "label": "Short Form Agreement", "score": 22.8436050415, "published": true}, {"hash": "cqS9VkcyMfO", "uri": "/contracts/cqS9VkcyMfO#the-contract-sum", "label": "Short Form Agreement", "score": 22.8432636261, "published": true}, {"hash": "bu2mO2mAl02", "uri": "/contracts/bu2mO2mAl02#the-contract-sum", "label": "Short Form Agreement", "score": 22.8432636261, "published": true}], "snippet_links": [{"key": "the-town", "type": "definition", "offset": [14, 22]}, {"key": "pay-the-contractor", "type": "clause", "offset": [29, 47]}, {"key": "performance-of-this-agreement", "type": "clause", "offset": [56, 85]}, {"key": "not-to-exceed", "type": "definition", "offset": [92, 105]}, {"key": "reimbursable-expenses", "type": "definition", "offset": [120, 141]}], "size": 11, "hash": "67939ee58bc3bce5b96a719c999c75d6", "id": 10}, {"snippet": "3.1 The Owner agrees to pay the Contractor for the performance of the work for the price of Not to exceed sum, etc. ( ) Dollars in current funds, subject to additions and deductions for changes as may be agreed upon in writing. The price specified shall include all taxes and duties of any kind levied by federal, state, municipal, or other governmental authority, which either party is required to pay with respect to the materials or services covered by this Agreement. At a minimum, invoices shall contain the identity of the provider of the services, the date of the services, a description of the services, and any applicable taxes. If the letter of authorization accompanying these terms and conditions allows the payment of \"reimbursables\", they shall be paid at Contractor's actual cost and subject to audit by the Owner. Out of state Contractors are required to complete form I-312, Nonresident Taxpayer Registration Affidavit Income Tax Withholding form.\n3.2 (If basis of compensation is a unit price, insert schedule here). Unit quantities are estimates only. Payment will be made on the basis of the units of work actually performed. 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both parties\u2019 interests?", "What are the most common pitfalls in defining the contract sum that lead to disputes?", "How does this clause compare to industry standards or FIDIC provisions?", "What evidence is most persuasive in court to enforce or challenge the stated contract sum?"], "drafting_tip": "Specify the total contract sum, detail payment breakdowns, and state currency to prevent disputes and ensure clarity of financial obligations.", "explanation": "The \"Contract Sum\" clause defines the total amount of money that the client agrees to pay the contractor for completing the specified work under the contract. This clause typically outlines what is included in the sum, such as materials, labor, and overhead, and may specify whether the amount is fixed or subject to adjustments for changes in scope or unforeseen conditions. Its core function is to establish financial clarity and certainty for both parties, minimizing disputes over payment and ensuring that the scope of compensation is clearly understood."}, "json": true, "cursor": ""}}