Change Pricing. All proposed changes and Claims by Subcontractors shall be evaluated and approved by the Design/Builder prior to submission to the Owner. The maximum allowance for overhead and profit of the Design/Builder or a Subcontractor of any tier performing changed work solely with its own forces under a lump sum agreement shall be 10%. Whether the Work is performed on the basis of a GMP or lump sum, the maximum cumulative allowance to the Owner for overhead and profit of the Design/Builder and Subcontractors of all tiers, including the Design/Builder’s Construction Fee, for changed work shall be 15%.
Appears in 5 contracts
Samples: Professional Services Agreement, Professional Services, Professional Services Agreement
