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...