Cost Determination. Except as otherwise modified herein, pursuant to Section 4-3 of the F.D.O.T. Standard Specifications, the cost or credit to the Owner resulting from a change in Work shall be determined as follows:
1. by cost to be determined in a manner agreed upon by the parties and a mutually acceptable fixed or percentage fee; or
2. If none of the methods set forth in Subparagraphs (1) or (2) of Paragraph 14.03 is agreed upon, the Contractor, provided he receives a written order signed by the Owner, shall promptly proceed with the Work involved. The cost of such Work shall then be determined by the Engineer, in consultation with the County Contact Person, on the basis of the reasonable expenditures and savings of those performing the Work attributable to the change, including, in the case of an increase in the Contract Sum, an allowance for overhead and profit. On self-performed work, the allowance shall be 10% plus cost of the bond. On subcontracted work, the allowance shall be 10% of subcontractor cost plus 5% for general contractor plus cost of bond. In such cases, and also under Subparagraphs (1) and (2) of Paragraph 14.03, the Contractor shall keep and present in such form as the Owner, the County Contact Person, or Engineer may prescribe, an itemized accounting together with appropriate supporting data for inclusion in a Change Order. Unless otherwise provided in the Contract Documents, cost shall be limited to the following: 1) cost of labor, including social security, old age and unemployment insurance, and fringe benefits required by agreement or custom; 2) workers’ or workmen’s compensation insurance; 3) bond premiums; and 4) rental value of equipment and machinery. Pending final determination of cost to the Owner payments on account shall be made on the Engineer’s Certificate of Payment, unless otherwise provided in the Contract. The amount of credit to be allowed by the Contractor to the Owner for any deletion or change which results in a net decrease in the Contract Sum will be the amount of the actual net cost as confirmed by the Engineer, after consultation with the County Contact Person. When both additions and credits covering related Work or substitutions are involved in any one change, the allowance for overhead and profit shall be figured on the basis of net increase, if any, with respect to the change, unless otherwise provided in the agreement.
Cost Determination. Upon completion of the Design Development Phase, ARCHITECT shall provide DISTRICT with the documents set forth in Article 1.3.2 and all other documents used to prepare ARCHITECT’S Revised Statement of Probable Construction Cost. DISTRICT shall review its Estimate, if any, and compare it to ARCHITECT'S Revised Statement of Probable Construction Cost. Any discrepancies between the Revised Statement and the Estimate, if any, shall be identified and reconciled in accordance with Article 4, Construction Cost.
Cost Determination. (A) Basis for Major Capital Improvement Cost Determination. Major Capital Improvements, except those awarded to the Manager as a result of the competitive procurement procedures outlined in subsection 5.3(C) hereof shall be performed, whether by the Manager's own workforce or by a Subcontractor, at the cost of the service without any multiplier fee or xxxx-up. Construction Work management and administration costs will either be specifically budgeted on a project-specific outsourced basis, or such costs will be captured within the then current Direct Cost Budget.
(B) Source of Financing of Major Capital Improvements.
(1) Major Capital Improvements other than those for which the Manager is responsible under Section 6.10 hereof will be financed by the Authority in accordance with the construction drawdown payment procedures established pursuant to Section 5.1(D) hereof, provided that the Authority and the Manager may agree to have the Manager fund, subject to reimbursement, capital additions in the event of emergency costing in the aggregate not more than a dollar amount to be agreed upon by the parties prior to the adoption of the initial Annual T&D Budget.
(2) The Authority may in its sole discretion determine whether to fund particular Major Capital Improvements from current revenue or from bond proceeds. The Manager shall reflect the principal and interest repayment for Major Capital Improvement Cost financing in its projections for System Revenue Requirements in the Major Capital Plan and Budget.
Cost Determination. ARCHITECT shall comply with Articles 4.4.5 and 4.4.6 upon becoming informed of the Bid Price, as defined by Article 4.4.3.
Cost Determination. Public Works Improvements shall be performed, whether by the Manager's own workforce or by a Subcontractor, at the cost of the service without any multiplier fee or xxxx-up; provided, however, that such costs shall be reduced by all reimbursements or payments received from the applicable Governmental Body for the planning, engineering, procurement and completion of the Public Works Improvement. Construction management and administration costs will either be specifically budgeted on a project-specific outsourced basis or such costs will be captured within the then current Direct Cost Budget. Decisions as to outsourcing construction management of Public Works Improvements shall be made in accordance with the procedures and criteria set forth in Xxxxxxxx 0 xxxxxx.
Cost Determination. Upon fifty percent (50%) completion of the Construction Document Phase and upon one hundred percent (100%) completion of the Construction Document Phase, ARCHITECT shall provide DISTRICT with all documents used to prepare ARCHITECT’S 50% and 100% CD Cost Statements. DISTRICT shall review its Estimate, if any, and compare it to ARCHITECT’S 100% CD Cost Statement. Any discrepancies between the 100% CD Cost Statement and the Estimate, if any, shall be identified and reconciled in accordance with Article 4, Construction Cost.
Cost Determination. (A) Basis for Capital Improvement Cost Determination. Capital Improvements shall be performed, whether by the Manager's own workforce or by a Subcontractor, at the cost of the service without any multiplier fee or mark-up. Construction Work management and administration cxxxx will either be specifically budgeted on a project specific outsourced basis, or such costs will be captured within the then current Capital Plan and Budget.
Cost Determination. Contractor shall comply with Florida Department of Transportation (FDOT) specifications 4-3.
Cost Determination. Determination of incremental costs will be through allocation arrangement. SP and DAC will together select environmental project manager responsible for making those environmental determinations affecting construction and allocating costs of construction as provided above. SP and DAC will work together to determine most efficient and cost-effective means for integrating environmental work with regular construction work and to provide guidelines, where applicable, for the allocation of costs.
Cost Determination. Except as otherwise modified herein, pursuant to Section 4-3 of the F.D.O.T. Standard Specifications, the cost or credit to the OWNER resulting from a change in Work shall be determined as follows:
A. Mutual acceptance of a lump sum or fixed fee properly itemized and supported by sufficient substantiating data to permit evaluation.
B. By unit prices stated in the Contract Documents or otherwise mutually agreed upon; or
C. If none of the methods set forth in Subparagraphs (A) and (B) of this section is agreed upon, the cost of such work shall then be determined by the Project Manager, in consultation with the Engineer, on the basis of the reasonable expenditures and savings of those performing the Work attributable to the change, including, in the case of an increase in Contract Sum, an allowance for overhead and profit. On self-performed work, the allowance shall be 10% plus cost of the bond. On subcontracted work, the allowance shall be 10% of subcontractor cost plus 5% for general contractor plus cost of bond. In such cased, including (A) and (B) above, the CONTRACTOR shall keep and present in such form as the OWNER and the Owner’s Representative may prescribe, an itemized accounting together with appropriate supporting data for inclusion in a Change Order.
D. Unless otherwise provided in the Contract Documents, cost shall be limited to the following: 1) cost of labor, including social security, old age and unemployment insurance, and fringe benefits required by agreement or custom; 2) workers’ or workmen’s compensation insurance; 3) bond premiums; and
