Common use of GC’s Overhead Costs and Expenses Clause in Contracts

GC’s Overhead Costs and Expenses. The proposed GMP Change Order shall include, as a separately identified items, a lump sum maximum amount for CM/GC's Overhead Costs and Expenses (Preconstruction and Construction) for performance of the Work and a daily rate for Time Dependent Overhead Costs that shall be used in adjusting the maximum amount for CM/GC's Overhead Costs and Expenses in the event the Contract Time is extended for one of the specified reasons for which such time is compensable.