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.
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.