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An extended warranty, sometimes called a service agreement, a service contract, or a maintenance agreement, is a prolonged warranty offered to consumers in addition to the standard warranty on new items. The extended warranty may be offered by the warranty administrator, the retailer or the manufacturer.
A guaranteed maximum price (also known as GMP, not-to-exceed price, NTE, or NTX) contract is a cost-type contract (also known as an open-book contract) such that the contractor is compensated for actual costs incurred plus a fixed fee, which is limited to a maximum price. The contractor is responsible for cost overruns greater than the ...
In cost plus fixed fee, the owner pays the contractor an agreed amount over and above the documented cost of work. [10] This is a negotiated type of contract where actual and direct costs are paid for and additional fee is given for overhead and profit is normally negotiated among parties.
The agreement would raise American's labor costs but bring it a longer period of stability with its workforce. American Airlines negotiates a contract extension with labor unions that it sued 5 ...
Where a time extension is due to a breach of the contract by the Owner, the Contractor is entitled to reimbursement at the rate stated in the Contract Particulars. If an extension of time is granted as a result of a variation, then reasonable costs and expenses incurred are to be added to the value of the variation.
A no-closing-cost refinance gets rid of the need to pay refinancing fees upfront, but it’s not free. Instead, you’ll finance the closing costs — with interest — as part of your new loan ...
On Friday, the team agreed to a four-year contract extension with the defensive tackle. The new contract is worth $96 million, with $63.2 million guaranteed, according to ESPN's Adam Schefter.
It is an ad hoc item, usually compiled and executed after the main document, which contains additional terms, obligations or information. An Additional Agreement to a contract is often an addendum to a contract and is simply referred to as being an extension or addition to a main contract.
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