Common use of CONSTRUCTION MACHINERY Clause in Contracts

CONSTRUCTION MACHINERY. If this Order is issued on a cost-plus basis, Contractor agrees that rental rates applicable to construction tools and machinery (other than tools covered by small tools allowance if specifically provided) rented from Contractor or any company affiliated with Contractor, shall not exceed rates then prevailing in the area where the work is performed, or 85% of rates listed in the then current edition of the AED Green Book, whichever is lower.