Contract Sum definition

Contract Sum means the sum named in the letter of acceptance including Physical contingencies subject to such addition thereto or deduction there-from as may be made under the provisions hereinafter contained.

Contract Sum means: The accepted amount inclusive of tax of R……………………………………………..

Contract Sum means:

Examples of Contract Sum in a sentence

• If nonconforming work is accepted, a change order shall be issued to reflect an appropriate reduction in the Contract Sum to reflect the actual cost reduction of the change in the work, or, if the amount is determined after final payment, it shall be paid by the Contractor and/or its Surety.

• In the event that the response to an RFI is determined to be grounds for a Change to the Contract Plans/Specifications, Contract Sum, Contract Time, or any combination thereof, SERVICE PROVIDER shall coordinate and consult with the CITY.

• CMaR shall not make or be entitled to any claim for any adjustment to the Contract Time or the Contract Sum for Pre- Construction Phase Services or for Construction Phase Services arising from Project conditions that XXxX discovered or, in the exercise of reasonable care, should have discovered in XXxX’x investigation.

More Definitions of Contract Sum

Contract Sum means the total compensation payable to Contractor for completion of the Work in accordance with the terms of the Contract.

Contract Sum means: The accepted tender amount (INCLUSIVE of VAT ) of R ..............................................................

Contract Sum means the amount arrived at by multiplying the quantities shown in the schedule of quantities and price by the respective item rates as allowed.

Contract Sum means, the sum accepted or the sum calculated in accordance with the prices accepted in tender and / or the contract rates as payable to the contractor for the execution of the work during the currency of the contract.

Contract Sum means the total compensation payable to the Contractor for performing the Services as origi- nally contracted for or as subsequently adjusted by Contract Modification.

Contract Sum means total contract price, including any change orders and amendments.

Contract Sum means the total amount of all compensation payable to the Construction Manager for the Project and shall not exceed the sum total amount of the Pre-Construction Phase Fee plus the Guaranteed Maximum Price Proposal accepted by the parties, subject to adjustment for Additional Services or Change Orders. Any costs that exceed the Contract Sum shall be borne solely by Construction Manager without reimbursement by Owner.