Cost Plus Basis11 Sample Clauses

Cost Plus Basis11. 6.2 Cost Plus Basis. The following procedures will be used for all cost plus Change Order: For all labor up to and including Project Manager, engineers, designers axx xxxxman actually engaged in scope change work, Seller will receive their actual payroll plus fifteen percent (15%) thereof for overhead and profit, plus employer's actual contribution or payment for insurance coverage rated on basis of payroll, together with social security and unemployment tax or other employer's tax contribution based payroll. Time sheets for direct labor expended in the performance of scope change on cost plus basis, will be approved daily by both Seller’s Project Manager and Purchaser's Representative. No cost plus payment will be made for the services of the superintendent or other supervisory or administrative personnel unless specifically authorized and specifically approved by Purchaser's Representative on an individual case basis; and Actual material costs (as evidenced by invoices from suppliers or vendors showing Seller as purchaser, plus ten per cent (10%) thereof for Seller’s overhead and expenses plus any applicable sales or use taxes assessed and paid in conjunction with such material purchases; and Charges for use of equipment shall be by agreement of Purchaser's Representative and Seller’s Project Manager, which agreement shall be noted on Purchaser's authorization for such work. Charges for third party shop equipment or services as evidenced by their invoices, plus five percent (5%) thereof. All suxx xxxxxngs for work on the cost plus basis shall comprise the total of charges accumulated under subparagraphs (a) through (d) above and be supported by certified daily payroll records approved by both Seller’s Project Manager and Purchaser's Representative, a detailed list of equipment and material used and any third party invoices. Should Seller perform any scope change without advance written authorization from Purchaser's Representative, as specified above, such work will be at Seller’s expense. Modifications or changes in the Specification which are within the general scope of the Agreement documents may be made at any time by written order of Purchaser's Representative to Seller. ARTICLE XII.