Fixed Unit definition
Examples of Fixed Unit in a sentence
Fixed Unit Prices reflect the average unit price to perform the task and are not illustrative of the actual effort associated with the unit.
Fixed Unit Prices for BOA Year #3 will be established by negotiation prior to the start of BOA Year #3 and incorporated into the BOA by Amendment.
When applicable, Subcontractor shall notify Contractor in writing when the cost incurred under Cost Reimbursement, Fixed Unit Rate or Time and Materials tasks have reached 75% of the total Compensation, or earlier if Subcontractor has reason to believe that the costs it has incurred and expects to incur will exceed the amount authorized.
Fixed Unit Prices to perform the specified tasks or Work segments that are applicable for the BOA Year #1 and BOA Year #2 are set forth below.
The Schedule of Fixed Prices sets forth the all-inclusive Fixed Unit Price for each Item of Unit Price Work.
The Estimated Contract Price, Fixed Unit Prices, and the Lump Sum Amounts are subject to adjustment only by Change Order as provided in Article 6.
The estimated total prices shown in the Schedule of Fixed Prices for Items of Unit Price Work are for planning purposes only, and represent, for each Item of Unit Price Work, the sum of the products of the estimated quantities and the applicable Fixed Unit Prices.
As compensation in full to Contractor for the full and complete performance of the Work and all of Contractor’s other obligations under this Agreement with respect to the Work, Owner shall pay and Contractor shall accept the sum of (i) the product of the Fixed Unit Prices multiplied by the Measured Quantities for all Unit Price Work performed in accordance with this Agreement, plus (ii) the sum of the Lump Sum Amounts for all Lump Sum Work performed in accordance with this Agreement (the “Contract Price”).
Fixed Unit Prices to perform the specified tasks or work segments that are applicable for the BOA Year #1 and BOA Year #2 are set forth below.
The University shall reimburse the Subcontractor for work performed or services rendered under Fixed Unit Price Task Orders based on negotiated firm Fixed Unit prices for the services or materials provided under the terms of the Task Order.