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Get the free Total Contract Value - Stoke-on-Trent

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ProclassTitle of AgreementScopeStokeonTrent City Council www.stoke.gov.uk PlaceTechnical ServicesUElectric Load Monitoring Test to carry out at 6 schooling Council Contract Single Award PL/2014/8Quick
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To fill out the total contract value, follow these steps:
02
Start by gathering all the relevant information related to the contract, including the terms, conditions, and any additional attachments.
03
Identify the specific sections or fields in the contract where the total contract value needs to be stated.
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Calculate the total contract value by considering all the monetary elements involved such as the cost of goods or services, taxes, fees, and any applicable discounts.
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Double-check your calculations to ensure accuracy.
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Enter the calculated total contract value in the designated section or field of the contract.
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Review the entire contract to make sure all other necessary information is filled out correctly and completely.
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Seek legal advice or consult with relevant parties if you have any doubts or need assistance in accurately determining the total contract value.
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Sign and date the contract once you are confident that all the information, including the total contract value, has been accurately filled out.

Who needs total contract value?

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Various entities and individuals may need to know the total contract value, including:
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- Companies and businesses engaging in contracts with other companies or clients to understand the financial implications of the agreement.
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- Finance departments or accounting professionals who need to track and record financial information related to contracts.
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Total contract value refers to the complete monetary worth of a contract, including all agreed payments over the life of the contract.
Typically, the party responsible for overseeing the contract and any reporting requirements, often the contracting organization or entity, is required to file total contract value.
To fill out total contract value, gather all financial details related to the contract, including base fees, additional costs, contingencies, and total them for submission.
The purpose of total contract value is to provide a clear understanding of the financial commitment involved, aiding in budgeting and financial planning.
The information that must be reported includes the full payment amount, payment schedules, terms of the contract, and any additional costs or fees.
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