Contractor’s Adjustment Factors Sample Clauses
Contractor’s Adjustment Factors. The Adjustment Factor for work performed during Normal Working Hours is 1.2175 for this contract. This is fixed for a period of one year and may be adjusted per the ENR CCI Index according to the average of the twenty cities. The Adjustment Factor for work performed during Other than Normal Working Hours is set at 1.2480. The Adjustment Factor for non-pre-priced work is set at 1.2150. These Adjustment Factors includes business costs, construction costs, and price variations.
1. Business costs included in the Contractor’s Adjustment Factors include:
a. Overhead costs, including, but not limited to: home office overhead, insurance, bonds, and indemnification, project meetings, training, management and supervision, mobilization and close-out for the contract and each Job Order, and project office staff and equipment.
b. Profit.
c. Subcontractor's overhead and profit.
d. All taxes for which a waiver is not available with the exception of the Washington Sales Taxes which will not be part of the adjustment factor(s) but rather a separate line item on each Job Order. However, the use tax on materials for WAC ▇▇▇-▇▇-▇▇▇ projects shall be part of the adjustment factor(s).
e. Employee or Subcontractor’s wage rates that exceed the prevailing wage rates.
f. Fringe benefits, payroll taxes, worker’s compensation, insurance costs and any other payment mandated by law in connection with labor that exceeds the labor rate allowances. DocuSign Envelope ID: 2D0AAEBA-F611-4128-83E9-3FD4EF7376E7
g. Cost of financing the work.
h. Business risks such as the risk of a lower than expected volume of work, smaller than anticipated Job Orders, poor Subcontractor performance, and inflation or material cost fluctuations.
2. Construction costs included in the Contractor’s Adjustment Factors include:
a. Services required to obtain filings and permits.
b. Preparation and modification of proposals, sketches, drawings, submittals, as- built drawings, CADD drawings, microfilm, and other project records.
c. Incidental engineering and architectural services.
d. Office trailer and portable toilets for Contractor’s use.
e. Construction vehicles such as pick-up trucks, utility trucks, vans, flatbed trucks, tractors, trailers, etc.
f. Storage devices or items such as gang boxes and containers for Contractor's tools, equipment and materials.
g. Personnel safety equipment (e.g., hard hats, safety harnesses with lifeline or cabling, protective clothing, safety glasses, face ▇▇▇▇▇▇▇, etc.), basic safet...