Stipulated Sum definition

Stipulated Sum means the amount stated in the Agreement and including authorized adjustments by Change Order, is the total amount payable by the CDCR to the Contractor for performance of the Work under the Contract Documents.

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Stipulated Sum means the maximum amount payable to Design Build Entity by Judicial Council for the Project pursuant to the Agreement, as may be adjusted by Amendment or Change Order.

Stipulated Sum is the amount established by the District as total compensation to the Design/Builder for the design and construction of the Project.

Examples of Stipulated Sum in a sentence

When total compensation is Stipulated Sum, payment shall be commensurate with the actual work completed, but not exceeding the phase limit.
Such additional and necessary pre-construction activities are not included in the Stipulated Sum and shall be paid in accordance with Sections 4.3.1 and 4.3.2 hereafter.
Additional DB Stipulated Sum proposals for additional alignments of border infrastructure will require submission of insurance policies with coverages as set out above.
Basic Services Fee (sum of items below) () $0.00 .1 Schematic Design Documents 15% = $0.00 .2 Design Development Documents 20% = $0.00 .3 Construction Documents 35% = $0.00 .4 Construction Procurement 5% = $0.00 .5 Construction Contract Administration 25% = $0.00 The Basic Services Fee for this Project is based on a negotiated fee rate of 5.00% of the estimated Cost of the Work (or a negotiated Stipulated Sum equivalent to that rate), and includes the design of Alternate Bid items.
Tenant shall engage the Contractor under an AIA A101 Stipulated Sum Agreement (1997 Version) accompanied by Landlord’s standard AIA A201 General Conditions (1997 Version) as modified by Landlord (collectively, the “Contract”).
Stipulated Sum Change Order: Based on Proposal Request and Contractor’s fixed price quotation, or Contractor’s request for a Change Order as approved by the Professional.
All allowances described in the Work Contract are included in the Stipulated Sum or, if applicable, the Maximum Price.
If the Contract Sum is a Stipulated Sum and the Contract Time is more than sixty (60) days, Contractor must submit an itemization of the Work prior to commencing the Work that allocates the Stipulated Sum among the various portions of the Work (the “Schedule of Values”), in form and substance satisfactory to Owner and with separate line items, as applicable and requested by Owner, for each part, trade, allowance, deposit, fee, general condition, etc.
If the Contract Sum is a Stipulated Sum, all hourly billable rates, equipment rates, material rates, and unit pricing set forth in this Master Agreement or the Work Contract Form are included only for purposes of pricing allowance work or changes in the Work, unless the specific rate or pricing is described in the Work Contract Form as a variable component of the Contract Sum.
When both Stipulated Sum fees and Hourly Rate fees are used select “Mixed fees, not-to-exceed” for the subtotal fee amount.

More Definitions of Stipulated Sum

Stipulated Sum means the sum of Two Million Seven Hundred Thirty-Two Thousand Seventy-Two dollars ($2,732,072), subject to adjustment by agreement (such agreement to be granted or withheld in the sole discretion of each applicable party) of the Landlord, Tenant and Contractor.

Stipulated Sum means the Contract Sum and is the lump sum, fixed price compensation to which the DB agrees for timely delivery of all services, labor, materials and the Work, described in the agreement. Subcontract means any agreement between DB and a Subcontractor. Subcontractor is defined in UGC Section 1.42.

Stipulated Sum means the total cost of the Design Work and Construction Work. The Stipulated Sum shall be the amount contracted by the Judicial Council with the DBE to design and construct the Project.

Stipulated Sum means the total appropriated funds approved for the Project.