Balance of the Contract Price definition

Balance of the Contract Price as used in this paragraph, shall mean the total amount payable by the Employer to the Service Provider under the Contract, less the amount properly paid by the Employer to the Service Provider; or
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Balance of the Contract Price as used in this paragraph, shall mean the total amount payable by Procuring Entity to Contractor under the Contract, less the amount properly paid by Procuring Entity to Contractor; or
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Balance of the Contract Price means the total amount payable by the CRCNV to the Contractor under the Contract after all proper adjustments have been made, including allowances to the Contractor of any amounts received or to be received by the CRCNV in settlement of insurance or other claims for damages to which the Contractor is entitled, reduced by all valid and proper payments made to or on behalf of the Contractor under the Contract.
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Examples of Balance of the Contract Price in a sentence

  • The Surety shall not be liable to the Owner or others for obligations of the Contractor that are unrelated to the Construction Contract, and the Balance of the Contract Price shall not be reduced or set off on account of any such unrelated obligations.

  • The Surety shall not be liable to the OWNER or others for obligations of the CONTRACTOR that are unrelated to the Contract, and the Balance of the Contract Price shall not be reduced or set off on account of any such unrelated obligations.

  • Surety shall not be liable to Owner or others for obligations of Contractor that are unrelated to the Contract, and the Balance of the Contract Price shall not be reduced or set off on account of any such unrelated obligations.

  • Balance of the Contract Price: The total amount payable by the OWNER to the CONTRACTOR UNDER THE Contract after all proper adjustments have been made, including allowance to the CONTRACTOR of any amounts received or to be received by the OWNER in settlement of insurance or other Claims for damages to which the CONTRACTOR is entitled, reduced by all valid and proper payments made to or on behalf of the CONTRACTOR under the Contract.

  • Balance of the Contract Price: The total amount payable by Owner to Contractor under the Contract after all proper adjustments have been made, including allowance to Contractor of any amounts received or to be received by Owner in settlement of insurance or other Claims for damages to which Contractor is entitled, reduced by all valid and proper payments made to or on behalf of Contractor under the Contract.


More Definitions of Balance of the Contract Price

Balance of the Contract Price means the total amount payable by the City to the Contractor under the Contract after all proper adjustments have been made, including change orders and credits due the City, reduced by all valid and proper payments made to or on behalf of the Contractor under the Contract and reduced further by all direct costs and expenses incurred by the City as a result of the Contractor Default, including costs of additional supervision or inspection by the City of the Contractor’s work under the Contract and fees and expenses paid to consultants or others hired by the City for purposes of monitoring or investigating the Contractor’s work under the Contract.
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Balance of the Contract Price means the total amount payable by the Obligee to the Principal under the Contract less the amount properly paid by the Obligee to the Principal.
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Balance of the Contract Price shall have the meaning set forth in Section 16.1.5.
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Balance of the Contract Price. , as used in this Bond, shall mean the total amount payable by the City to Contractor under the Contract and any approved change orders thereto, less the amount properly paid by the City to Contractor. ( C) Either way, the Surety shall pay the City all remaining losses, delay and disruption damages, expenses, costs, and statutory attorney’s fees , including those incurred in appellate proceedings, that the City sustains because of a default by Contractor under the Contract; or
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Balance of the Contract Price as used in this paragraph, shall mean the total amount payable by COUNTY to Principal under the Contract and any amendments thereto, less the amount properly paid by COUNTY to Principal.
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Balance of the Contract Price as used in this paragraph shall mean the total amount payable to Contractor/Principal by DISTRICT under the contract and any modifications thereto, less the amount previously properly paid by DISTRICT to the Contractor/Principal.
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Balance of the Contract Price as used in this paragraph shall mean the total amount payable by the Owner to Bidder under the Contract and any amendments thereto, less the amount properly paid by the Owner to the Bidder; or
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