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.

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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.

Contract Price means the price to be paid for the performance of the Services, in accordance with Clause 6;

Examples of Contract Price in a sentence

The sum of United States Dollars Eight Million One Hundred and Fifty Thousand only (US$ 8,150,000), representing Ten percent (10%) of the Contract Price, shall become due and payable and be paid within five (5) Banking Days after the cutting of the first steel plate of the VESSEL.
Any such agreement for modifications and/or changes shall include an agreement as to the increase or decrease, if any, in the Contract Price of the VESSEL together with an agreement as to any extension or reduction in the time of delivery, providing to the SELLER additional securities satisfactory to the SELLER, or any other alterations in this Contract, or the Specifications occasioned by such modifications and/or changes.
It is hereby understood by both Parties that any reduction of the Contract Price is by way of liquidated damages and not by way of penalty.
The purchase price of the VESSEL is United States Dollars Eighty One Million Five Hundred Thousand only (US$ 81,500,000), net receivable by the SELLER (hereinafter called the "Contract Price"), which is exclusive of the cost for the BUYER's Supplies as provided in Article V hereof, and shall be subject to upward or downward adjustment, if any, as hereinafter set forth in this Contract.
The Contract Price shall not be adjusted or reduced if the delivery of the VESSEL is delayed by reason of permissible delays as defined in Article VIII hereof.

More Definitions of Contract Price

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 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 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 price payable to the supplier under the contract for the full and