Competitively Proposed Trade Work Sample Clauses

Competitively Proposed Trade Work. (a) If Owner consents, Contractor may propose to self-perform trade work on the same basis as approved subcontractors submitting competing proposals. Contractor’s proposal must specify, in addition to any other Owner required information, the proposed fixed profit and the proposed overhead percentage associated with the self-performed trade work. Owner will confer with the Architect, who will be responsible for reviewing the proposals, and Owner will determine, in its sole discretion, whether to accept Contractor’s proposal to self-perform the trade work or the proposal of a subcontractor and may seek confirmation of the proposed overhead rate through independent audit. (b) Owner reserves the right to reject all proposals and seek new proposals, or to reject all proposals and negotiate a contract for the trade work with Contractor per Section 7.2.2 or its subcontractor, or with a Separate Contractor. If the trade work is awarded to Contractor on a competitive, lump sum basis, Contractor will separately invoice for the trade work on a percentage of completion basis as if the trade work was being performed by an independent subcontractor. However, Contractor will not apply its overhead percentage (Section 7.1) to its self-performed, competitively bid trade work nor will Contractor’s ICL be increased by adding self-performed, competitively bid trade work.