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What is contract sum?

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Anonymous

11y ago
Updated: 11/22/2022

it is to put an end

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Nicholas Mraz

Lvl 9
2y ago

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Related Questions

What is established contract sum?

it is to put an end


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 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'.


What is a disadvantage of lump sum contract?

It's hard to say without more information but, in general, you may lose a lot more to taxes if you take a lump sum.


What are the advantages of making a lump sum payment when buying a house?

There are many advantages to making a lump sum payment when buying a house. A couple of the advantages are it lowers the design and contract administration costs.


What are provisional sums?

The term 'provisional sum' is generally well understood in the construction industry. It is used in construction contracts to refer either to work which may or may not be carried out at all, or to work whose content is undefined. In either case, the parties will not attempt to price it accurately when they enter into their contract. Instead, the provisional sum is usually included within the contract price as an approximate guess. The contract normally provides expressly how it is to be dealt with. A common clause provides for the provisional sum to be omitted and an appropriate valuation of the work actually carried out substituted for it.