Estimated Sum definition
Estimated Sum the estimated fees for materials, equipment and services which are necessary for the construction but the standard and price of which are not determinable at the time of the Construction Agreement
Estimated Sum has the meaning set forth in Section 2.06 below.
Estimated Sum means the sum of (£######) plus VAT in respect of the Construction Works
Examples of Estimated Sum in a sentence
Other charges may be incurred and, if your insurance changes, the Estimated Sum may change.
Where the Construction Works Price is greater than the Estimated Sum the statement shall be accompanied by an invoice from VPI Immingham LLP in respect of the amount by which the Construction Works Price exceeds the Estimated Sum.