LUMP SUM CONTRACT. D. In the event of conflict between the County’s Contract Terms and Conditions and Specifications and 2007 VDOT Road & Bridge Specifications, the County’s Terms and Conditions and Specifications shall prevail, unless Contractor is directed otherwise by the County.
LUMP SUM CONTRACT. This subclause 2A.3 only applies where Item 10A states that the Contract is a lump sum contract. The Principal shall pay the Contractor the sum of the lump sums stated in the price schedule, adjusted by any additions or deductions made pursuant to the Contract. Where, otherwise than by reason of a direction to vary WUC, the actual quantity of an item required to perform the Contract is greater or less than the quantity shown in the price schedule the Contractor shall carry out that greater or lesser quantity as if it were originally stated in the Contract and there shall be no adjustment to the contract sum. The price schedule may be used by the Superintendent as a guide in the assessment of progress claims, variations and other adjustments to the contract sum permitted by the Contract, but for no other purpose.'
LUMP SUM CONTRACT. The Subconsultant is being hired to perform professional services in connection with the Project as set forth herein. In consideration for the services performed, the Consultant shall pay to the subconsultant the Fee as provided herein. The Fee includes compensation for any cost to be incurred by the subconsultant, and the subconsultant shall not be reimbursed for costs incurred outside of the agreed-u[on Fee. The subconsultant shall bear the costs, and resulting risks, of performing this Agreement. The subconsultant may only be paid for work actually performed.
LUMP SUM CONTRACT. The Contract is a lump sum fixed price contract. The items and quantities allowed in the Contract or those quoted by the Contractor are for reference only. Unless it is expressly stipulated by HKUST in the Contract that the quantities of any items are provisional and will be remeasured on completion of the Works, the contract sum shall not be subject to change if the final quantities installed or provided are different from the quantities therein.
LUMP SUM CONTRACT. If this is a Unit Price Contract, the unit prices are set forth in the Scope of Work. Contractor is not authorized to undertake any efforts or incur any costs whatsoever under the terms of this agreement until receipt of a fully executed Purchase Order from the Finance Department of the City of Saratoga and a notice to proceed from the Administrator.
LUMP SUM CONTRACT. 32.1. If a Lump-Sum contract form is included in the RFP, the Bidder is deemed to have included all prices in the Financial Proposal, so neither arithmetical corrections nor price adjustments shall be made. The total price, net of taxes understood as per Clause 33 below, specified in the Financial Proposal (Section 5A) shall be considered as the offered price. 33. Taxes 33.1. The Bidder and its Sub-consultants and Experts are responsible for meeting all tax liabilities arising out of the Contract. Information on taxes in the Kingdom of Lesotho is detailed in Section 11. 34. Currency 34.1. The Bidder must express the price for its Services in the national currency (Maloti), using the selling exchange rate as per the Central Bank of Lesotho thirty (30) days prior to the date of submission of the proposals (the closing date). It should be noted that the Lesotho Loti (LSL) is equivalent (pegged one to one) to the South African Rand (ZAR).
LUMP SUM CONTRACT. For lump sum contracts:
LUMP SUM CONTRACT. The Consultant is being hired to perform professional engineering services in connection with the Project as set forth herein. In consideration for the engineering services rendered by the Consultant, the Owner shall pay to the Consultant the Fee as provided herein. The Fee includes compensation for any cost to be incurred by the Consultant and the Consultant shall not be reimbursed for costs incurred. The Consultant shall bear the costs, and resulting risks, of performing this Agreement. The Consultant may only be paid for work actually performed.
LUMP SUM CONTRACT. Lump Sum Contract refers to the construction contract in which the parties agree to calculate, adjust and confirm the Contract Price with the construction drawings, the Priced Bill of Quantities, or budget documents and relevant conditions. The contract sum shall not be adjusted within the agreed scope. The parties shall specify in the Special Terms of the Contract the risk scope and the calculation method of risk costs involved in the contract sum, and agree on the adjustment method of the Contract Price beyond the risk scope. Adjustments caused by market price fluctuations shall be subject to Article 11.1 (adjustments caused by market price fluctuations), and adjustments caused by changes in laws shall be subject to Article 11.2 (adjustments caused by changes in laws).
