Common use of Decrease in the Contract Price Clause in Contracts

Decrease in the Contract Price. The method of calculating the decrease in the Cost of the Work and Contract Price resulting from a Change Order shall be the amount of the actual net decrease in the Cost of the Work plus an amount equal to five percent (5%) of the amount of such net decrease to compensate the Contractor for the Contractor’s overhead a profit as a result of the decrease in the Cost of the Work and Contract Price.

Appears in 12 contracts

Samples: Agreement, Contract, Contract

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