Contract Price definition

Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.
Contract Price means the price payable to the Supplier as specified in the Contract Agreement, subject to such additions and adjustments thereto or deductions therefrom, as may be made pursuant to the Contract.

Examples of Contract Price in a sentence

  • Contractor specifically understands, acknowledges, and agrees that the District shall have the right to request any alterations, deviations, reductions, or additions to the Project or Work, and the cost thereof shall be added to or deducted from the amount of the Contract Price by fair and reasonable valuations.

  • Nonconformity Penalty Rate to be Deducted Based on the First Contract Price Number of Cases of Nonconformity 1 For each item of material that is not delivered on time determined by the Contracting Authority (No Warning will be given).

  • Upon execution of this Agreement, Contractor shall provide a Performance Bond in the amount of 100% of the Contract Price.

  • Accordingly, GPC will not perform, nor be required to perform, any Agreement obligation until and unless Customer has closed on its financing (the “Financing Closing”), as evidenced by fully executed contract documents for financing of the Contract Price and funding of any escrow account provided for by the financing documents.

  • Upon execution of this Agreement, Contractor shall provide a Warranty Bond in the amount of 20% of the Contract Price, as security for the true and faithful performance of all warranties set forth in Bid Documents and this Agreement.


More Definitions of Contract Price

Contract Price means the sum agreed in the Contract as payable to the Contractor for the execution and completion of the Works and for remedying of any defects therein in accordance with the Contract.
Contract Price means the price payable to the successful/ selected bidder as specified in the Agreement, subject to such additions and adjustments thereto or deductions there from, as may be made pursuant to the Contract.
Contract Price means the sum stated in the Letter of Acceptance as payable to the Contractor for the execution and completion of the Works subject to such additions thereto or deductions therefrom as may be made and remedying of any defects therein in accordance with the provisions of the Contract.
Contract Price means the sum named in the Tender subject to such additions thereto or deductions there from as may be made under the provisions hereafter contained.
Contract Price means the sum accepted or the sum calculated in accordance with the price and / or terms accepted by or on behalf of the purchaser.
Contract Price means the price (exclusive of any applicable VAT), payable to the Contractor by the Authority under the Contract, as set out in the Prices & Rates Schedule, for the full and proper performance by the Contractor of its obligations under the Contract but before taking into account the effect of any adjustment of price in accordance with clause C4 (Price Adjustment on Extension of Initial Contract Period).
Contract Price means the sum named in the tender, subject to such addition thereto or deductions there from as may be made under the provisions of the contract;