Common use of Change Order Pricing Fixed Price Clause in Contracts

Change Order Pricing Fixed Price. Procedures: When the fixed price method is used to determine the value of any Work covered by a Change Order, or of a request for an equitable adjustment in the Contract Sum, the following procedures shall apply: 1. Breakdown and itemization of details on COP: Contractor’s COP, or request for adjustment in the Contract Sum, shall be accompanied by a complete itemization of the costs, including labor, material, Subcontractor costs, and overhead and profit. The costs shall be itemized in the manner set forth below, and shall be submitted on breakdown sheets in a form approved by Owner.

Appears in 1 contract

Samples: Public Works Contract

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