Common use of Contents of EPDs Clause in Contracts

Contents of EPDs. Section 5.13.1.4 of the General Conditions is amended as follows, provided the underlined text below is hereby added to Section 5.13.1.4 of the General Conditions: The EPDs shall, inter alia, clearly detail how each cost or price included in the Proposal has been determined and shall show cost or price elements in sufficient detail as is adequate to enable TxDOT to understand how DB Contractor calculated the Price. The EPDs provided in connection with quotations and Change Orders shall, inter alia, clearly detail how the total cost or price and individual components of that cost or price were determined. The EPDs shall itemize the estimated costs or price of performing the required work separated into cost or price categories identified in the Price breakdown form included with the Proposal to present a detailed estimate of costs and price, including at a minimum, direct labor, repair labor, equipment ownership and operation, expendable materials, permanent materials, supplies, Subcontract costs, plant and equipment, indirect costs, contingencies, markup, overhead and profit. DB Contractor’s estimate of costs and price for Utility Adjustments shall include a detailed estimate of the costs and price attributable to Work under the Austin Water Utility Agreement that includes the information identified in the foregoing sentence. The EPDs shall itemize the estimated payment and performance bonds costs and the annual costs of insurance premiums for each coverage required to be provided by DB Contractor under Section 3.5. The EPDs shall include all assumptions, detailed quantity takeoffs, price reductions and discounts, rates of production and progress calculations, and quotes from Subcontractors used by DB Contractor to arrive at the Price, and any adjustments to the Price under this Design-Build Contract.

Appears in 6 contracts

Samples: Build Agreement, Build Agreement, Design Build Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.