contract sum

contract sum

The price stated in the owner-contractor agreement, which is the total amount payable by the owner to the contractor for the performance of the work, 1 under the contract documents; can be adjusted only by a change order.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
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It said the contract sum of the project also included a contingency/provisional sum of RM400 million, which, if not utilised would reduce the contract sum.
MRCB George Kent gets letter to resume LRT3 project at fixed price of RM11.8b
Shehu said FEC approved the augmentation of the contract sum for Mangu Dam, in Plateau State to the tune ofN7.66 billion from the original cost of N5.66 billion.
Near mishaps: FG orders full audit of Dana Airline
A contractor may not therefore arrogate upon himself such works because any sum included in the contract sum for general attendance would be deducted [6].
Variability analysis of prime cost sums
The one-page service contract set out the estimated contract sum of $200 and contained this clause: "The liability of MEI and the liability of its employees are limited to the contract sum."
Court enforces limitation-of-liability provision

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