Subcontract Sum definition

Subcontract Sum means the agreed price for the works stated in the Subcontract Order; The Sum payable to the sub-contractor for carrying out the works, exclusive of VAT (unless identified accordingly) subject to retention, CIS, CITB or any other statutorily required deductions, fixed and firm expecting where either the works are varied and valued by the terms of this Agreement or by supplemental agreement.

Subcontract Sum means the subcontract sum set out in the Subcontract Order;

Subcontract Sum means: The accepted amount inclusive of tax of R

Examples of Subcontract Sum in a sentence

• In the event of suspension ordered by the Contractor, the Subcontractor shall be entitled to an equitable adjustment of the Subcontract Time and Subcontract Sum.

• Such payment to the Subcontractor shall be the entire unpaid balance of the Subcontract Sum if a full release of retainage is allowed under the Prime Contract for the Subcontractor’s Work prior to the completion of the entire Project.

• If the unpaid balance of the Subcontract Sum exceeds the expense of finishing the Subcontractor’s Work and other damages incurred by the Contractor and not expressly waived, such excess shall be paid to the Subcontractor.

• If such expense and damages exceed the unpaid balance of the Subcontract Sum, the Subcontractor shall pay the difference to the Contractor.

• The Subcontract Sum shall, by appropriate Modification, be increased by the amount of the Subcontractor’s reasonable costs of demobilization, delay and remobilization.

More Definitions of Subcontract Sum

Subcontract Sum means the amount stated in the Order and any adjustment thereto which is accepted by Centum as being the value of the Subcontract Works.

Subcontract Sum means the amount payable to the Subcontractor by the Contractor, as set out in the relevant Purchase Order and as adjusted in accordance with the Subcontract.

Subcontract Sum means the sum set out in Item 5 of Schedule 1 (which amount is exclusive of GST) as adjusted in accordance with this Subcontract including any adjustment in accordance with this Subcontract.

Subcontract Sum means the sum set out in Item 6, as adjusted in accordance with this Subcontract.

Subcontract Sum means the amount stated in the Order and any adjustment thereto which is accepted by GBE Converge as being the value of the Subcontract Works as valued in accordance with these Conditions;

Subcontract Sum has the meaning in clause 3.

Subcontract Sum means the sum specified in, or calculated in accordance with, Schedule 1, but excludes any additions or deductions which may be required to be made under the Subcontract. Subcontract Works means the whole of the work described in Schedule 3 which is to be executed in accordance with the Subcontract, including all other work reasonably required and not specifically mentioned which is necessary to carry out the work, variations, remedial work, provision of construction plant, equipment and temporary works and all other work provided for by this Subcontract. WH&S Legislation means all legislation and regulations governing or relevant to workplace health and safety in the relevant State or Territory for the performance of the Subcontract Works. Working Hours and Working Days means the approved working hours and working days for performance of the Subcontract Works as identified in Schedule 1.