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What is contract sum?

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Anonymous

12y ago
Updated: 11/22/2022

it is to put an end

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Nicholas Mraz

Lvl 9
3y ago

What else can I help you with?

Related Questions

What is established contract sum?

it is to put an end


Difference between contract value and contract sum?

The contract value refers to the total monetary worth of a contract, encompassing all financial obligations and commitments made by the parties involved. In contrast, the contract sum specifically pertains to the agreed-upon amount that one party will pay to another for the completion of specified work or services. Essentially, while the contract value can include various costs, contingencies, and fees, the contract sum is a more precise figure related to the execution of the contract's terms.


What is the difference between lump sum contract and turnkey contract?

A lump sum contract is an agreement to make a one time payment for goods and services as specified by the purchaser in the agreement. A turnkey contract is an agreement to deliver a completed ready to use service or project without any specifications made by the purchaser.


IS E P C Contract as a fixed sum price?

kind of.


A small sum of money given to show the intention of completing a contract?

earnest


Small sum of money given to show intention of completing contract?

Earnest


What is the sum of all performance budgets established for the contract?

The sum of all performance budgets established for a contract refers to the total allocated financial resources designated for specific performance metrics or deliverables within that contract. This figure is typically derived by adding together individual budgets set for various performance criteria, ensuring that all aspects of the contract are adequately funded. To determine the exact sum, one would need to review the contract documents for each specified performance budget and calculate the total.


What was the sum of money paid by RCA Victor for the recording contract of Elvis Presley?

$35,000


What is a contract calling for payment of a fixed sum for a given period of time of for life?

divided


Can you cancel your 2 year vodafone contract after 6 months?

yes, but its not very wise as Vodafone will make you pay a sum of money to end the contract.


What is difference between variation and provisional sum?

Provisional sum is an amount quoted for an item in a tender document where all of the design information is not fully specified. The provisional sum should be as accurate as possible with the information to hand A variation is an item within a construction project that was not originally specified in the contract tender document and so is a 'variation to contract'.


Can you exclude the provisional sum from the contract price?

Yes, a provisional sum can be excluded from the contract price if it is not required for the completion of the project or if the specific works covered by the provisional sum are not ultimately executed. However, the contract terms should be reviewed, as provisional sums are typically included to account for uncertain costs that may arise during construction. Proper documentation and communication between the parties involved are essential to ensure clarity on any exclusions.