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 14 contracts
Samples: Construction Agreement, Construction Agreement, Design Bid Build Contractor Services
