Adjusted Contract Sum definition

Adjusted Contract Sum means the consideration to be paid to Contractor, in the amount of $109,550.00 which may be adjusted in the future by change order.
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Adjusted Contract Sum means the Contract Sum as herein defined, adjusted by any additions or deductions which may be required to be made pursuant to the Contract including the addition or deduction of the value of Variations and Dayworks.
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Adjusted Contract Sum means the Contract Sum as adjusted from time to time pursuant to Article IV hereof and Section 16 of the General Conditions. As of any particular time during the performance of this Contract, the Adjusted Contract Sum as used in this Contract shall mean and refer to such Adjusted Contract Sum as shall then exist.
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Examples of Adjusted Contract Sum in a sentence

  • If the City assesses liquidated damages against the Contractor in accordance with this Agreement, the Adjusted Contract Sum will be modified by the City, and principal of the Payable Loan shall be reduced accordingly.

  • The Adjusted Contract Sum for the Hotel and its related facilities takes into account additional costs for design changes and upgrading works which were not anticipated at the time when the parties entered into the Original Construction Contract and the costs for the Hotel’s related or ancillary facilites.

  • If the Contractor fails to remove any such lien, (in addition to all other rights and remedies available to the Owner) the Owner may satisfy, remove or discharge such lien; and at Owner's election, the Owner may deduct the entire cost or any part thereof (including, but not limited to, attorneys' fees) from the Contract Sum or Adjusted Contract Sum, as the case may be, or the Contractor shall pay the same to the Owner upon demand.