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(i) an example of a line item with lump sum pricing in accordance with dfars 204.71 is as follows The 'tender prices and discounts' clause defines how the prices submitted in a tender, including any offered discounts, are to be presented and considered during the procurement process. Note that payment would occur upon completion and acceptance of the entire effort.
During the course of project closure, some items listed in the boq were omitted This is often referred to as a ‘fixed price lump sum’. However, the client deducted these items as an omission at final account stage.
Where either of the amounts is left blank or illegible, the remaining one shall be taken as the tender sum
If the amounts are both left blank or illegible, the tender will be taken as invalid. There have been many variations and we have provided lump sum prices against the omission of the lump sum price in the contract The qs is asking for detailed breakdowns of the lump sums so he can compare tender rates for lab, mats, plant etc A ‘without quantities’ lump sum contract will be used for the given project
All municipal drawings, schedules and specifications (if required) are made available to the three parties chosen to tender for the project. An exception to this rule may be made during contract negotiations to allow the contracting officer to identify a specialized task and disclose the associated cost breakdown figures in the government estimate, but only to the extent deemed necessary to arrive at a fair and reasonable price. Where this provision is not included, the contractor will usually price this risk as part of its lump sum price
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