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.
References in periodicals archive ?
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.
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.
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].
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."

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