claimable amount definition

claimable amount means: the value of work carried out by the Contractor in the performance of the Contract which the Contractor is entitled to include in a progress claim; and amounts otherwise due from the Principal to the Contractor pursuant to the Contract;’ Insert a new definition of 'compensable direction': 'compensable direction means a direction pursuant to subclause 8.1 that is necessitated solely because of an inconsistency, ambiguity, discrepancy or error which is in a document prepared by or on behalf of the Principal for the purpose of carrying out WUC and which could not have been identified by a competent contractor at the time of the Contractor's tender if that contractor had inspected: all written information made available by the Principal to the Contractor for the purpose of tendering; all information influencing the risk allocation in the Contractor's tender and reasonably obtainable by the making of reasonable enquiries; and the site and its near surrounds;' Insert a new definition of 'conflict of interest': 'conflict of interest means any actual, potential or perceived conflict between the interests of the Contractor and the Contractor's obligations under the Contract; Delete the definition of 'contract sum' and replace with: 'contract sum means where Item 10A states that the Contract is a lump sum contract, the sum of the lump sums contained in the price schedule; or where Item 10A states that the Contract is a schedule of rates contract: the sum of the products ascertained by multiplying the rates by the corresponding quantities in the price schedule; plus any lump sums contained in the price schedule, including provisional sums but excluding additions or deductions which may be required to be made under the Contract;' Insert a new definition of 'Councillor': 'Councillor has the meaning given to that term in the Local Government Act 2009 (Qld);' Delete paragraph (a) of the definition of 'date of practical completion' and replace with: '(a) the date stated in a certificate of practical completion as the date on which practical completion was reached (which may be a date earlier than the date on which the certificate of practical completion is issued); or Insert a new definition of ‘Formal Instrument of Agreement’: 'Formal Instrument of Agreement means the document of that name forming part of the Contract;’ Insert a new definition of 'improper conduct': 'improper conduct means: engaging in misleading or deceptive conduct; engaging in any collusive ten...
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Related to claimable amount

  • Allowable Amount means the maximum amount determined by HMO to be eligible for consideration of payment for a particular Covered Drug. As applied to Participating Pharmacies the Allowable Amount is based on the provisions of the contract between HMO and the Participating Pharmacy in effect on the date of service. As applied to Prescription Drugs Purchased Outside of the Service Area, the Allowable Amount is based on the Participating Pharmacy contract rate.

  • Allocable Amount has the meaning specified in Section 10.21(d).

  • Applicable Amount means, at any time (the “Applicable Amount Reference Time”), an amount equal to (a) the sum, without duplication, of:

  • Allocable Amounts, when used with respect to any Senior Indebtedness, means all amounts due or to become due on such Senior Indebtedness less, if applicable, any amount which would have been paid to, and retained by, the holders of such Senior Indebtedness (whether as a result of the receipt of payments by the holders of such Senior Indebtedness from the Company or any other obligor thereon or from any holders of, or trustee in respect of, other indebtedness that is subordinate and junior in right of payment to such Senior Indebtedness pursuant to any provision of such indebtedness for the payment over of amounts received on account of such indebtedness to the holders of such Senior Indebtedness or otherwise) but for the fact that such Senior Indebtedness is subordinate or junior in right of payment to (or subject to a requirement that amounts received on such Senior Indebtedness be paid over to obligees on) trade accounts payable or accrued liabilities arising in the ordinary course of business.

  • Rescindable Amount has the meaning as defined in Section 2.12(b)(ii).