Cost Plus Percentage Valuation]. Subject to Section 2.3(g), a Change and a Change Directive shall be valued on the following basis:
(a) For the work performed by Design-Builder’s own directly owned or employed forces or by a Design-Builder Persons directly owned or employed forces, that portion of the Change (the “Project Forces Work”) shall be valued as follows (with all necessary supporting information):
(i) for all labour for construction directly involved in the Project Forces Work, the City shall pay the actual direct cost of labour of the Project Forces Work calculated based on the direct wages plus payments made to or on behalf of the workers for holiday pay, Workers Compensation Board assessments, Employment Insurance and Canada Pension Plan payments, and an additional 20% mark-up of the direct cost of labour for the Project Forces Work;
(ii) for each piece of equipment used directly in the Project Forces Work, including trucks, but excluding small tools (“small tools” means tools having a value of less than or equal to $2,500), the City shall pay:
(A) for Design-Builder’s equipment at the rates shown in the then current Equipment Rental Rates Guide and Membership Roster as issued by the Alberta Roadbuilders and Heavy Construction Association or its successor publication or as otherwise agreed by the Parties plus an additional 20% mark-up; and
(B) for third party equipment rental accounts, at the rates invoiced by the third party plus a 20% mark-up, provided these rates were approved in writing by the City prior to the commencement of the Change work;
(iii) for all materials purchased by Design-Builder solely to perform or incorporate into the Project Forces Work, the City shall pay the amount shown on the original material supplier’s invoices, plus an additional 15% mark-up;
(iv) for supervision required directly of the Project Forces Work, Design-Builder shall be paid the actual cost of the superintendent’s or xxxxxxx’x wages to meet Design-Builder’s obligations pursuant to this Agreement, including statutory payments made to them or on their behalf for holiday pay, Workers’ Compensation Board assessments, Employment Insurance and Canada Pension Plan, plus an additional 20% mark-up of the total cost of the superintendent’s or xxxxxxx’x wages for the Project Forces Work. If the supervisory personnel are also engaged on work other than the Project Forces Work, only that portion attributable to the Project Forces Work shall be paid by the City;
(v) for all design, engineering, qual...
Cost Plus Percentage Valuation]. In the event the City requests the valuation of a Change pursuant to this Section 2.3(g) and Project Co objects to such method of valuation, Project Co shall promptly notify the City in writing of its objection. Project Co and the City shall, as soon as practicable and, in any event, not more than 5 Business Days after Project Co delivers notice of its objection to the City, discuss and seek to agree on the method of valuation. If the Parties cannot agree on the method of valuation within 10 Business Days following delivery of the notice of objection, the City shall either:
Cost Plus Percentage Valuation]. In the event the City requests the valuation of a Change pursuant to this Section 2.3(g) and Design-Builder objects to such method of valuation, Design-Builder shall promptly notify the City in writing of its objection. Design-Builder and the City shall, as soon as practicable and, in any event, not more than 5 Business Days after Design-Builder delivers notice of its objection to the City, discuss and seek to agree on the method of valuation. If the Parties cannot agree on the method of valuation within 10 Business Days following delivery of the notice of objection, the City shall either:
