Cost of Variations. Within 14 days of the receipt of a written Variation direction from Honeywell, the Subcontractor must provide Honeywell with a price quotation for the Variation, supported by measurements or other evidence of costs. Honeywell will value each Variation in accordance with any agreement reached between Honeywell and the Subcontractor or, where no agreement has been reached, in accordance with reasonable rates or prices (which will include a reasonable amount for profit and overheads). Any deductions will include a reasonable amount for overheads and may include a reasonable amount for profit. The relevant price will be added to or deducted from the Subcontract Sum. The Subcontractor agrees that the amount payable to the Subcontractor for a Variation will in no case exceed the amount payable to Honeywell under the Main Contract in relation to that Variation, less the sum of:
Cost of Variations. Within 14 days of the receipt of a written Variation direction from Honeywell, the Subcontractor must provide Honeywell with a price quotation for the Variation, supported by measurements or other evidence of costs. Honeywell will value each Variation in accordance with any agreement reached between Honeywell and the Subcontractor or, where no agreement has been reached, in accordance with reasonable rates or prices (“Reasonable Price”). Any deductions will include a reasonable amount for overheads and may include a reasonable amount for profit. The relevant price will be added to or deducted from the Subcontract Sum. The Reasonable Price will be valued based on the cost of necessary plant, materials or goods, labour and/or any additional equipment necessary for the execution of the Variation plus 10%. This 10% will be deemed to compensate adequately the Subcontractor in respect of all supervision, the use of equipment, overheads, profit and all other costs or damages incurred in or connected with the execution of the Variation. The Subcontractor agrees that the amount payable to the Subcontractor for a Variation under this Subcontract will in no case exceed the amount payable to Honeywell under the Main Contract in relation to that Variation, less the sum of:
1) the percentage mark-up applied on the Subcontractor’s price by Honeywell; and
2) Honeywell’s direct costs, as submitted under the Main Contract in relation to that Variation.
Cost of Variations. Within 14 days of the receipt of a written Variation direction from Honeywell, the Subcontractor must provide Honeywell with a price quotation for the Variation, supported by measurements or other evidence of costs. Honeywell will value each Variation in accordance with any agreement reached between Honeywell and the Subcontractor or, where no agreement has been reached, in accordance with reasonable rates or prices (which will include a reasonable amount for profit and overheads). Any deductions will include a reasonable amount for overheads and may include a reasonable amount for profit, to be computed in accordance with this Section. The relevant price will be added to or deducted from the Subcontract Sum. The Subcontractor agrees that the amount payable to the Subcontractor for a Variation will in no case exceed the amount payable to Honeywell under the Main Contract in relation to that Variation, less the sum of:
1) the percentage mark-up applied on the Subcontractor’s price by Honeywell; and
2) Honeywell’s direct costs, as submitted under the Main Contract in relation to that Variation.
Cost of Variations. (a) Where the Purchaser’s Representative has given the Supplier a direction to perform a Variation which complies with clause 11.1, the Contract Price must be adjusted by the amount calculated in accordance with clause 16.
Cost of Variations. Ausgrid will not be liable for the cost of any variation (whether a minor variation or major variation) except to the extent the variation results in a change to the Ausgrid-funded assets and Ausgrid has not rejected the variation in accordance with clause 15.5. In such circumstance Ausgrid will nominate the new Ausgrid-funded sum and the provisions of clause 7.7 will apply.
Cost of Variations. Where the Principal’s Representative has given the Contractor a direction to perform a Variation which complies with clause 15.2, the relevant Work Order Price must be adjusted by the amount calculated in accordance with clause 16.
Cost of Variations. You acknowledge and agree that:
