Upset Fee definition

Upset Fee means a payment system based on invoicing for time and materials up to a total maximum price which cannot be exceeded.
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Examples of Upset Fee in a sentence

  • The detailed design will be invoiced on a Time and Expense basis with an Upset Fee.

  • The Town shall pay the Consultant a Fee for the total Services to be provided under this Agreement up to an Upset Fee Limit amount of $130,550.00 (excluding HST) and as referenced in Article 4.1.2.

Related to Upset Fee

  • Target fee, as used in this contract, means the fee initially negotiated on the assumption that this contract would be performed for a cost equal to the estimated cost initially negotiated, adjusted in accordance with paragraph (d) of this clause.

  • Impact fee means a payment of money imposed under Title 11, Chapter 36a, Impact Fees Act.

  • Utilization Fee shall have the meaning assigned to such term in Section 2.06(b).

  • Upfront Fee has the meaning specified in Section 2.07 hereof.

  • Hire Fee the hire fee specified in Item 13.