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

• The term ''Contract Sum" as used in the General Conditions shall mean Guaranteed Maximum Price (GMP).

• In such case, the term "Contract Sum" in that Section shall be understood to mean Cost of the Work.

• The Contract Sum shall include the attendance of Consultant at all project meetings reasonably deemed necessary by the City.

• For the Construction Manager's performance of the Work as described in Section 2.3, the Owner shall pay the Construction Manager in current funds the Contract Sum consisting of the Cost of the Work as defined in Article 6 and the Construction Manager's Fee determined as follows: The Construction Management Fee Percentage shall be Five percent ( 5 %) of the total Cost of the Work.

• No such extra work may be undertaken unless a written order is first given by the Contract Officer to the Consultant, incorporating therein any adjustment in (i) the Contract Sum for the actual costs of the extra work, and/or (ii) the time to perform this Agreement, which said adjustments are subject to the written approval of the Consultant.

More Definitions of Contract Sum

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

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 total contract price, including any change orders and amendments.

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