Fixed Unit Price definition

Fixed Unit Price has the meaning set forth in Section 1 of Attachment J.

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Fixed Unit Price means that, the fixed set of Services outlined in the SOW shall be delivered in accordance with the fixed unit budget outlined in the Budget. For the avoidance of doubt the parties agree that any changes, additions, or omissions to the Services, or the underlying assumptions, may result in corresponding adjustments to the Fixed Unit Prices or the development of a new unit, as the case may be. Further, it is understood and agreed that the units outlined in the Budget shall be used for pricing purposes only. The Fixed Unit Prices listed reflect the average Unit Price to perform the task and are not illustrative of the actual effort associated with the unit. Therefore, should the scope of an individual unit change or the projected number of units not be achieved, the unit prices shall be re-evaluated to reflect the actual effort associated with the unit and processed in accordance with Section 4 of the Agreement. The timeline, fee and expense estimates specified in the applicable IPA with respect to Services are subject to the assumptions outlined therein. In addition, the timeline, fee and expense estimates assume that: (i) the scope of the Services remains constant; (ii) Sponsor timely executes all of its obligations under the Agreement and the applicable IPA; (iii) Sponsor fully cooperates with Covance Clinical and applicable third-parties in the performance of Covance Clinical’s obligations under the Agreement and the applicable IPA; (iv) third parties outside of the control of Covance Clinical timely and properly perform all appropriate tasks relevant to the Services and (v) no other event outside of Covance Clinical’s control occurs, including, without limitation, the events described in Section 14 of the Agreement or any change in applicable laws, rules and regulations which affects the Project. In the event that any of the assumptions described above or as set forth in the applicable IPA are not complied with or are invalid, then the timeline, fee and expense estimates for such Services shall be modified in accordance with the terms of Section 4 of the Agreement. Covance shall continue to provide Services pending approval of the Change Order by Sponsor to the extent reasonably practicable but if the parties cannot agree on such changes, Covance shall not be obliged to provide further Services.

Fixed Unit Price means a total set price for contractually defined services, often made up of a series of single unit charges.

Examples of Fixed Unit Price in a sentence

The Schedule of Fixed Prices sets forth the all-inclusive Fixed Unit Price for each Item of Unit Price Work.
This Fixed Unit Price is all-inclusive and should account for any tasks necessary for installation.
Each Fixed Unit Price will be the full and only amount payable by Owner to Contractor for the completed unit of Unit Price Work.
The cost of nutrition education materials is not allowable within the FFVP grant allocation and instead shall be included in the Fixed Unit Price.
It is understood and agreed that the applicable IPA shall be deemed to be either a Fixed Price IPA or a Fixed Unit Price IPA.
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.
Contractor agrees to pay Subcontractor for full and complete performance of the Services, compliance with all terms and conditions of this Work Release shall be in the total of Section 1.0, Lump Sum Portion and Section 2.0, Fixed Unit Price Portion, described in more detail below.
With respect to Item A1 as set forth in Section 4 below, the Fixed Unit Price is allocated to various portions of the Work as identified below.
Initial Contract Year Pricing- Firm Fixed Unit Price The Contractor will be paid for the services performed pursuant to the terms of the Contract and in accordance with the prices quoted and listed on the Contractor’s Solicitation Response, EXHIBIT B and final pricing documents as incorporated herein.
In addition, Fixed Unit Price items may have elements that are properly classified as non-Incentives, and shall be allocated in the “Other Direct Cost” column below.

More Definitions of Fixed Unit Price

Fixed Unit Price means the value per acre foot of sealed water Storage Capacity located in a particular Storage Cell. The Fixed Unit Price for Storage Capacity located on the ▇▇▇▇▇▇ Farm Parcel will be equal to the Base Unit Price therefor (as such term is defined below) as adjusted for the aggregate increase, if any, in the Index (as such term is defined below) between the Base Date (as such term is defined below) and the earlier to occur of the date of the ▇▇▇▇▇▇ Farm Closing or the Delivery Date Expected. As used above: