Common use of General Conditions Costs Clause in Contracts

General Conditions Costs. Job Order Contractor is entitled to receive reimbursement for the actual cost of the allowable General Conditions items incurred between issuance of the applicable Notice to Proceed and 30 days after the date scheduled for Substantial Completion. Job Order Contractor is entitled to reimbursement for General Conditions Costs incurred before receipt of the Notice to Proceed, or after Substantial Completion, only with prior written approval of the City. “Allowable General Conditions Cost Line Items” are identified below and in Exhibit E, attached hereto and incorporated herein by reference. These items shall be included in the General Conditions Cost amount shown as a line item in the applicable GMP Proposal and as detailed on the Schedule of Values. Items not specifically included below or in Exhibit E will not be allowed as a General Condition Costs. 1. Personnel costs, which include wages paid for Job Order Contractor’s hourly employees and salaries of Job Order Contractor’s salaried personnel when (a) stationed at the field office located at the Site and working on matters directly related to the Project, in whatever capacity employed; (b) engaged on the road expediting the production or transportation of material and equipment; and (c) performing functions directly related to the Work from the principal or branch office. The project manager’s salary may be included in the General Conditions Costs only when the project manager is directly managing the Project. Personnel costs also include the cost of all employee benefits and taxes including but not limited to, unemployment compensation, Social Security, health, welfare, retirement and other fringe benefits as required by law, labor agreements, or paid under the Job Order Contractor’s standard personnel policy. All personnel costs are subject to audit to determine the actual cost of the wages, salaries and allowable employer contributions incurred by the Job Order Contractor for services performed for the Project. 2. Reasonable transportation, travel and hotel expenses of the Job Order Contractor’s personnel incurred in connection with the Work. 3. Costs of long-distance telephone calls, telegrams, postage, package delivery and courier service, hardwired telephone service, and reasonable expenses of Job Order Contractor’s jobsite office if incurred at the Site and directly and solely in support of the Work. 4. Costs of materials, supplies, temporary facilities, equipment, and hand tools (except those customarily owned by construction workers), supplied to the Site by Job Order Contractor, if such items are fully consumed in the construction of the Work and are included in the list of Allowable General Conditions Cost Line Items set forth in Exhibit E. Cost for used items shall be based on fair market value and may include transportation, installation, and minor maintenance costs, and removal costs. If an item is not fully consumed in the construction of the Work, its recoverable cost under this Contract shall be based on the original cost of the item less its fair market salvage value. 5. Rental charges for temporary facilities, equipment, and hand tools (except those customarily owned by construction workers), supplied to the Site by Job Order Contractor, provided they are included in the list of Allowable General Conditions Cost Line Items set forth in Exhibit E and the City has approved the rentals and the rental rates in advance and in writing. Rental rates may include transportation, installation, and minor maintenance costs, and removal costs. For tools, machinery or construction equipment rented directly from the Job Order Contractor, the rental rate, including freight and delivery costs and all operating expenses except labor, shall be approved in advance by the City and shall be in accordance with either the “Rental Rate Blue Book for Construction Mobilization Costs” published by Primedia, latest edition, or the most- recent rates provided by Xxxxxxxxxxxxxx.xxx, but no higher than the prevailing competitive rates for rental of similar equipment in the Project vicinity. 6. The aggregate rental cost of any item charged to the City shall not exceed 75% of the purchase price and maintenance cost of the item. If the anticipated aggregate rental cost for an item of equipment exceeds 75% of the purchase and maintenance price, Job Order Contractor shall purchase the equipment and turn it over to the City upon final completion of the Work or, at the City’s option, credit the City with the fair market resale value of the item. 7. Permit and inspection fees paid by Job Order Contractor where the City is exempt will not be reimbursed by the City. 8. Cost of premiums for normal and customary Job Order Contractor’s Subcontractor default insurance at the rate of 1.25% of the cost of subcontracts and Subcontractor’s liability, xxxxxxx’x compensation and builders risk insurance as required pursuant to Article 10 below, which shall be identified as separate line items within the applicable GMP. The Job Order Contractor intends to utilize its Subcontractor Liability Wrap-up Coverage (Z-25), which will be reimbursed at the rate of 1.5% of the Subcontract amount, and credited from the Subcontractor bids. Commercial General Liability Insurance shall be reimbursed at the rate of 1.1% of the applicable GMP amount; Builders Risk Insurance shall be reimbursed at the rate of 0.47% of the applicable GMP amount; Performance and Payment Bonds shall be reimbursed at 0.76% of the applicable GMP amount. All amounts shall be identified as separate line items within the applicable GMP. 9. Cost of bond premiums to the extent directly attributable to the Project. 10. Governmental sales and use taxes directly attributable to the General Conditions Items that are not subject to exemption, in the form and at the rates legally enacted on the date of the first GMP, whether such taxes are effective or scheduled to go into effect. Taxes paid on materials or services that were entitled to tax exemption will not be reimbursed by the City as Direct Construction Costs.

Appears in 3 contracts

Samples: Job Order Contract, Job Order Contract, Job Order Contract

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General Conditions Costs. Job Order Contractor is entitled to receive reimbursement for the actual cost of the allowable General Conditions items incurred between issuance of the applicable Notice to Proceed and 30 days after the date scheduled for Substantial Completion. Job Order Contractor is entitled to reimbursement for General Conditions Costs incurred before receipt as set forth in Exhibit D shall consist of the Notice following items: 8.3.1 Wages paid for labor of personnel in the direct employ of Construction Manager in the performance of construction services at the Site incident to Proceedthe Work under applicable collective bargaining agreements, or after Substantial Completionunder a salary, only with wage or hourly rate schedule agreed upon by Owner. Agreed-upon salary, wage and/or hourly rate schedules may not be changed by Construction Manager without the prior written approval consent of Owner (except for adjustments for union employees where the City. “Allowable General Conditions Cost Line Items” are identified below and in Exhibit E, attached hereto and incorporated herein adjustment is contractually mandated by reference. These items shall be included in the General Conditions Cost amount shown as a line item in the applicable GMP Proposal and as detailed on the Schedule of Values. Items not specifically included below or in Exhibit E will not be allowed as a General Condition Costscollective bargaining agreement). 1. Personnel costs8.3.2 When approved in advance by Owner, which include wages reasonable salaries paid for Job Order Contractor’s hourly employees and salaries of Job Order Contractor’s salaried by Construction Manager to its supervisory or administrative personnel when (a) stationed at the field Site or at Construction Manager’s home office located or any branch office, based on salary schedules agreed to by Owner and Construction Manager, and attached hereto as Exhibit D. No home office personnel, other than those identified in Exhibit D, may be charged to General Conditions Costs. No change in the approved salary schedules shall be made by the Construction Manager without the Owner’s prior written approval. Construction Manager’s supervisory or administrative personnel who are engaged at the Site and working on matters directly related to the Project, in whatever capacity employed; (b) engaged shops or on the road in expediting the production or transportation of material and equipment; and (c) performing functions directly related to the Work from the principal materials or branch office. The project manager’s salary may be included in the General Conditions Costs only when the project manager is directly managing the Project. Personnel costs also include the cost of all employee benefits and taxes including but not limited to, unemployment compensation, Social Security, health, welfare, retirement and other fringe benefits as required by law, labor agreements, or paid under the Job Order Contractor’s standard personnel policy. All personnel costs are subject to audit to determine the actual cost of the wages, salaries and allowable employer contributions incurred by the Job Order Contractor for services performed for the Project. 2. Reasonable transportation, travel and hotel expenses of the Job Order Contractor’s personnel incurred equipment in connection with the Work. 3. Costs performance of long-distance telephone calls, telegrams, postage, package delivery and courier service, hardwired telephone servicethe Work shall be considered to be stationed at the Site, and reasonable expenses their salaries shall be paid for that documented portion of Job Order Contractor’s jobsite office if incurred at the Site and directly and solely in support their time spent on performance of the Work. Said employees of Construction Manager shall be paid on the basis of time cards and certified payrolls to which the Owner shall have ready access. If a salaried employee who is fully chargeable to the Project spends any portion of his or her time working on another project, then Owner shall be entitled to a credit, on a reasonable hourly charge basis, for the time spent by said employee on such other project. Owner shall be entitled to audit Construction Manager’s records relating to said employee in order to determine the amount of an appropriate credit. 4. Costs of materials8.3.3 Actual payroll taxes and contributions and other assessments or taxes for unemployment compensation, suppliesold age benefits, temporary facilitiesWorker’s Compensation and Employee Liability insurance, equipmentsocial security and other standard employee benefits, and hand tools (except those customarily owned by construction workers), supplied to the Site by Job Order Contractor, if such items are fully consumed in the construction of the Work and are included in the list of Allowable General Conditions Cost Line Items set forth in Exhibit E. Cost for used items shall be based on fair market value and may include transportation, installation, and minor maintenance costs, and removal costs. If an item is not fully consumed in the construction of the Work, its recoverable cost under this Contract shall a multiplier (to be based on the original cost of the item less its fair market salvage value. 5. Rental charges for temporary facilities, equipment, and hand tools (except those customarily owned by construction workers), supplied to the Site by Job Order Contractor, provided they are included in the list of Allowable General Conditions Cost Line Items set forth in Exhibit E and the City has approved the rentals and the rental rates in advance and in writing. Rental rates may include transportation, installation, and minor maintenance costs, and removal costs. For tools, machinery or construction equipment rented directly from the Job Order Contractor, the rental rate, including freight and delivery costs and all operating expenses except labor, shall be approved in advance agreed upon by the City parties) times the wages and shall be salaries described in accordance with either the “Rental Rate Blue Book for Construction Mobilization Costs” published by Primedia, latest edition, or the most- recent rates provided by Xxxxxxxxxxxxxx.xxx, but no higher than the prevailing competitive rates for rental of similar equipment in the Project vicinitySections 8.3.1 and 8. 6. The aggregate rental cost of any item charged to the City shall not exceed 75% of the purchase price and maintenance cost of the item. If the anticipated aggregate rental cost for an item of equipment exceeds 75% of the purchase and maintenance price, Job Order Contractor shall purchase the equipment and turn it over to the City upon final completion of the Work or, at the City’s option, credit the City with the fair market resale value of the item. 7. Permit and inspection fees paid by Job Order Contractor where the City is exempt will not be reimbursed by the City. 8. Cost of premiums for normal and customary Job Order Contractor’s Subcontractor default insurance at the rate of 1.25% of the cost of subcontracts and Subcontractor’s liability, xxxxxxx’x compensation and builders risk insurance as required pursuant to Article 10 below, which shall be identified as separate line items within the applicable GMP. The Job Order Contractor intends to utilize its Subcontractor Liability Wrap-up Coverage (Z-25), which will be reimbursed at the rate of 1.5% of the Subcontract amount, and credited from the Subcontractor bids. Commercial General Liability Insurance shall be reimbursed at the rate of 1.1% of the applicable GMP amount; Builders Risk Insurance shall be reimbursed at the rate of 0.47% of the applicable GMP amount; Performance and Payment Bonds shall be reimbursed at 0.76% of the applicable GMP amount. All amounts shall be identified as separate line items within the applicable GMP. 9. Cost of bond premiums to the extent directly attributable to the Project. 10. Governmental sales and use taxes directly attributable to the General Conditions Items that are not subject to exemption, in the form and at the rates legally enacted on the date of the first GMP, whether such taxes are effective or scheduled to go into effect. Taxes paid on materials or services that were entitled to tax exemption will not be reimbursed by the City as Direct Construction Costs.

Appears in 2 contracts

Samples: Construction Management Agreement (New York Times Co), Construction Management Agreement (New York Times Co)

General Conditions Costs. Job Order Contractor is entitled to receive reimbursement for the actual cost of the allowable General Conditions items incurred between issuance of the applicable Notice to Proceed and 30 days after the date scheduled for Substantial Completion. Job Order Contractor is entitled to reimbursement for The term General Conditions Costs shall mean the necessary and reasonable final negotiated and pre-approved costs incurred before receipt by the Construction Manager for the direct Project personnel used in the Work at the negotiated staff rates in the approved in the Stipulated General Conditions Exhibit to the GMP Amendment (to be attached as Exhibit “R7”), which are “all inclusive” and include the salaries, wages of all employees, labor burden (“Labor Burden”) which includes but not limited to: employee benefits, profit, overhead, cost of contributions, assessments or taxes incurred during the performance of the Notice Work for such items as unemployment compensation, social security, insurance, medical and health benefits, and pension and retirement contributions of all labor in the employ of Construction Manager (including the Project Executives and Managers, Project superintendent and assistants, xxxxxxx, engineers, safety personnel, Project schedulers, timekeepers, clerks, cost accountants, secretaries, laborers and other tradesmen as required to Proceedperform the Work) when stationed, whether permanent or after Substantial Completiontemporary, only with prior written approval in the Field office at the site. Employee bonuses and incentive compensation are not a reimbursable Cost of the CityWork. “Allowable If any personnel are replaced or if the Construction Manager brings additional personnel to the Project site, the Construction Manager shall get written authorization from the Owner prior to those personnel being charged to the Project. The Construction Manager’s General Conditions Cost Line Items” are identified below and in Exhibit E, attached hereto and incorporated herein by reference. These items shall be included in the transparent with Construction Manager providing all information necessary for Owner to verify and audit all General Conditions Cost amount shown as Costs including, Construction Manager’s burden. The Construction Manager’s General Conditions Costs shall be a line item component in the applicable GMP Proposal and as detailed on the Schedule of Values. Items not specifically included below or in Exhibit E will not , and shall be allowed stated as a General Condition Costs. 1. Personnel costs, which include wages paid guaranteed (not to exceed) maximum line item amount for Job Order Contractor’s hourly employees and salaries of Job Order Contractor’s salaried personnel when (a) stationed at the field office located at the Site and working on matters directly related to the Project, in whatever capacity employed; (b) engaged on the road expediting the production or transportation of material and equipment; and (c) performing functions directly related to the Work from the principal or branch officeactual general conditions costs through Final Completion. The project manager’s salary may be included in the General Conditions Costs only when the project manager is directly managing the Project. Personnel costs also include the cost following: 8.2.1.1 Actual costs of all employee benefits field Project Site office & Site Office Expenses. a. On-site temporary offices/trailers/Storage Units b. On-site temporary office furniture, equipment and taxes Supplies. c. Job Site Computers with software, Copiers, Fax, Servers, etc. d. Job Site Communications (Monthly Cell Phone Expenses or radios, chargers, etc. e. Miscellaneous Job Office Supplies, stationery, Postage, overnight mail, etc. f. Messenger service g. Field Office Maintenance and Cleaning h. Parking Logistics & Parking Permits i. Drinking Water & Supplies (site and offices) j. As-built & Record Document Preparation k. Printing Costs and general reproduction costs 8.2.1.2 Temporary Utilities as approved by Owner including but not limited to, unemployment compensation, Social Security, health, welfare, retirement : a. Temporary Power Consumption (Offices & General Site Use) b. Temporary Water and other fringe benefits as required by law, labor agreements, or paid under the Job Order Contractor’s standard personnel policy. All personnel costs are subject to audit to determine the actual cost of the wages, salaries and allowable employer contributions incurred by the Job Order Contractor for services performed for the Project. 2. Reasonable transportation, travel and hotel expenses of the Job Order Contractor’s personnel incurred in connection with the Work. 3. Costs of long-distance telephone calls, telegrams, postage, package delivery and courier service, hardwired telephone service, and reasonable expenses of Job Order Contractor’s jobsite office if incurred at the Site and directly and solely in support of the Work. 4. Costs of materials, supplies, temporary facilities, equipment, and hand tools (except those customarily owned by construction workers), supplied to the Site by Job Order Contractor, if such items are fully consumed in the construction of the Work and are included in the list of Allowable General Conditions Cost Line Items set forth in Exhibit E. Cost for used items shall be based on fair market value and may include transportation, installation, and minor maintenance costs, and removal costs. If an item is not fully consumed in the construction of the Work, its recoverable cost under this Contract shall be based on the original cost of the item less its fair market salvage value. 5. Rental charges for temporary facilities, equipment, and hand tools (except those customarily owned by construction workers), supplied to the Site by Job Order Contractor, provided they are included in the list of Allowable General Conditions Cost Line Items set forth in Exhibit E and the City has approved the rentals and the rental rates in advance and in writing. Rental rates may include transportation, installation, and minor maintenance costs, and removal costs. For tools, machinery or construction equipment rented directly from the Job Order Contractor, the rental rateSewer Consumption, including freight temporary sewer and delivery costs disposal costs c. Temporary Water Hookup including Distribution & Meters d. Temporary Electrical Hookup including Distribution & Meters e. Temporary Telephone, Internet & Network System Installation and all operating expenses except laborConsumption Fees, shall be approved in advance by the City and shall be in accordance with either the “Rental Rate Blue Book for Construction Mobilization Costs” published by Primedia, latest edition, or the most- recent rates provided by Xxxxxxxxxxxxxx.xxx, but no higher than the prevailing competitive rates for rental of similar equipment in the Project vicinity. 6. The aggregate rental cost of any item charged to the City shall not exceed 75% of the purchase price and maintenance cost of the item. If the anticipated aggregate rental cost for an item of equipment exceeds 75% of the purchase and maintenance price, Job Order Contractor shall purchase the equipment and turn it over to the City upon final completion of the Work or, at the City’s option, credit the City with the fair market resale value of the item. 7. Permit and inspection fees paid by Job Order Contractor where the City is exempt will not be reimbursed by the City. 8. Cost of premiums for normal and customary Job Order Contractor’s Subcontractor default insurance at the rate of 1.25% of the cost of subcontracts and Subcontractor’s liability, xxxxxxx’x compensation and builders risk insurance as required pursuant to Article 10 below, which shall be identified as separate line items within the applicable GMP. The Job Order Contractor intends to utilize its Subcontractor Liability Wrap-up Coverage (Z-25), which will be reimbursed at the rate of 1.5% of the Subcontract amount, and credited from the Subcontractor bids. Commercial General Liability Insurance shall be reimbursed at the rate of 1.1% of the applicable GMP amount; Builders Risk Insurance shall be reimbursed at the rate of 0.47% of the applicable GMP amount; Performance and Payment Bonds shall be reimbursed at 0.76% of the applicable GMP amount. All amounts shall be identified as separate line items within the applicable GMP. 9. Cost of bond premiums to the extent directly attributable to the Project. 10. Governmental sales and use taxes directly attributable to the General Conditions Items that are not subject to exemption, in the form and at the rates legally enacted on the date of the first GMP, whether such taxes are effective or scheduled to go into effect. Taxes paid on materials or services that were entitled to tax exemption will not be reimbursed by the City as Direct Construction Costs.Temporary Fire Protection

Appears in 2 contracts

Samples: Construction Manager at Risk Agreement, Construction Manager at Risk Agreement

General Conditions Costs. Job Order Contractor 14.1.1 Construction Manager is entitled to receive reimbursement payment for the actual cost of the allowable General Conditions items incurred between issuance after receipt of the applicable a Notice to Proceed and with Construction from Owner through Substantial Completion of the Project plus 30 days after the date scheduled for Substantial Completioncalendar days. Job Order Contractor Construction Manager is not entitled to reimbursement for General Conditions Costs incurred before receipt of the Notice to Proceed, or . General Conditions Costs incurred after Substantial Completion, only with prior written approval of the City. “Completion must be approved in advance by Owner. 14.1.2 Allowable General Conditions Cost Line Items” items are identified below and in Exhibit E, attached hereto and incorporated herein by reference. Attachment G. These items shall will be included in the General Conditions Cost cost amount shown as a line item in the applicable GMP Proposal and as detailed on the Schedule of Values. Items not specifically included below or in Exhibit E the exhibit will not be allowed as a General Condition Costscost. 1. Personnel costs, which include wages paid A. The actual Worker Wage Rate for Job Order ContractorConstruction Manager’s hourly employees and salaries the Monthly Salary Rate of Job Order ContractorConstruction Manager’s salaried personnel when (a) who are identified to Owner in advance and in writing, but only for the time actually stationed at the field office located at the Site and working on matters directly related to the Project, in whatever capacity employed; (b) engaged on the road expediting the production or transportation of material and equipment; and (c) performing functions directly related to the Work from the principal or branch officeProject site with Owner’s prior consent. The project managerProject Manager’s salary Monthly Salary Rate may be included in the General Conditions Costs only when the project manager Project Manager is directly managing the Project. Personnel costs also include the cost of all employee benefits and taxes including but not limited to, unemployment compensation, Social Security, health, welfare, retirement and other fringe benefits as required by law, labor agreements, or paid under the Job Order Contractor’s standard personnel policy. All personnel costs are subject to audit to determine the actual cost of the wages, salaries salaries, and allowable employer contributions incurred by the Job Order Contractor Construction Manager for services performed for the Project. 2. Reasonable transportation, travel and hotel expenses of the Job Order Contractor’s personnel incurred in connection with the Work. 3. B. Costs of long-distance telephone calls, telegrams, postage, package delivery and courier service, hardwired telephone service, and reasonable expenses of Job Order ContractorConstruction Manager’s jobsite office if incurred at the Site Project site and directly and solely in support of the Work. 4. C. Costs of materials, supplies, temporary facilities, equipment, and hand tools (except those customarily owned by construction workers), supplied to the Site Project site by Job Order ContractorConstruction Manager, if such items are fully consumed in the construction of the Work and are included in the list of Allowable allowable General Conditions Cost Condition Line Items set forth in Exhibit E. Items. Cost for used items shall will be based on fair market value and may include transportation, installation, and minor maintenance costs, and removal costs. If an item is not fully consumed in the construction of the Work, its recoverable cost under this Contract shall will be based on the original actual cost of the item less its fair market salvage value. 5. D. Rental charges for temporary facilities, equipment, and hand tools (except those customarily owned by construction workers), supplied to the Site Project site by Job Order ContractorConstruction Manager, provided they are included in the list of Allowable allowable General Conditions Cost Condition Line Items set forth in Exhibit E and the City Owner has approved the rentals and the rental rates in advance and in writing. Rental rates may include transportation, installation, and minor maintenance costs, and removal costs. For tools, machinery or construction equipment rented directly from the Job Order ContractorConstruction Manager, the rental rate, including freight and delivery costs and all operating expenses except labor, shall will be approved in advance by the City Owner and shall will be in accordance with either the “Rental Rate Blue Book for Construction Mobilization Costs” published by Primedia, latest edition, or the most- recent rates provided by Xxxxxxxxxxxxxx.xxx, but no higher than the prevailing competitive rates for rental of similar equipment in the Project vicinity. 6. E. The aggregate rental cost of any item charged to the City shall Owner will not exceed 7590% of the purchase price and maintenance cost of the item. If the anticipated aggregate rental cost for an item of equipment exceeds 7590% of the purchase and maintenance price, Job Order Contractor shall Construction Manager will purchase the equipment and turn it over to the City Owner upon final completion of the Work or, at the CityOwner’s option, credit the City Owner with the fair market resale value of the item. 7. Permit F. Premiums for Construction Manager’s insurance and inspection fees paid by Job Order Contractor where the City is exempt will not be reimbursed by the City. 8. Cost of premiums for normal and customary Job Order Contractor’s Subcontractor default insurance at the rate of 1.25% of the cost of subcontracts and Subcontractor’s liability, xxxxxxx’x compensation and builders risk insurance as required pursuant to Article 10 below, which shall be identified as separate line items within the applicable GMP. The Job Order Contractor intends to utilize its Subcontractor Liability Wrap-up Coverage (Z-25), which will be reimbursed at the rate of 1.5% of the Subcontract amount, and credited from the Subcontractor bids. Commercial General Liability Insurance shall be reimbursed at the rate of 1.1% of the applicable GMP amount; Builders Risk Insurance shall be reimbursed at the rate of 0.47% of the applicable GMP amount; Performance and Payment Bonds shall be reimbursed at 0.76% of the applicable GMP amount. All amounts shall be identified as separate line items within the applicable GMP. 9. Cost of bond premiums bonds to the extent directly attributable to the this Project. 10. Governmental sales and use taxes directly attributable to the Premiums for bonds and/or Subcontractor default insurance purchased for Subcontractor Work are excluded from General Conditions Items that are not subject to exemption, in the form and at the rates legally enacted on the date of the first GMP, whether such taxes are effective or scheduled to go into effect. Taxes paid on materials or services that were entitled to tax exemption will not be reimbursed by the City as Direct Construction Costscosts.

Appears in 1 contract

Samples: Construction Manager at Risk Contract

General Conditions Costs. Job Order Contractor is entitled to receive reimbursement for the actual cost of the allowable General Conditions items incurred between issuance of the applicable Notice to Proceed and 30 days after the date scheduled for Substantial Completion. Job Order Contractor is entitled to reimbursement for General Conditions Costs incurred before receipt of the Notice to Proceed, or after Substantial Completion, only with prior written approval of the CityTown. “Allowable General Conditions Cost Line Items” are identified below and in Exhibit EI, attached hereto and incorporated herein by reference. These items shall be included in the General Conditions Cost amount shown as a line item in the applicable GMP Proposal and as detailed on the Schedule of Values. Items not specifically included below or in Exhibit E I will not be allowed as a General Condition Costs. 1. Personnel costs, which include wages paid for Job Order Contractor’s hourly employees and salaries of Job Order Contractor’s salaried personnel when (a) stationed at the field office located at the Site and working on matters directly related to the Project, in whatever capacity employed; (b) engaged on the road expediting the production or transportation of material and equipment; and (c) performing functions directly related to the Work from the principal or branch office. The project manager’s salary may be included in the General Conditions Costs only when the project manager is directly managing the Project. Personnel costs also include the cost of all employee benefits and taxes including but not limited to, unemployment compensation, Social Security, health, welfare, retirement and other fringe benefits as required by law, labor agreements, or paid under the Job Order Contractor’s standard personnel policy. All personnel costs are subject to audit to determine the actual cost of the wages, salaries and allowable employer contributions incurred by the Job Order Contractor for services performed for the Project. 2. Reasonable transportation, travel and hotel expenses of the Job Order Contractor’s personnel incurred in connection with the Work. 3. Costs of long-distance telephone calls, telegrams, postage, package delivery and courier service, hardwired telephone service, and reasonable expenses of Job Order Contractor’s jobsite office if incurred at the Site and directly and solely in support of the Work. 4. Costs of materials, supplies, temporary facilities, equipment, and hand tools (except those customarily owned by construction workers), supplied to the Site by Job Order Contractor, if such items are fully consumed in the construction of the Work and are included in the list of Allowable General Conditions Cost Line Items set forth in Exhibit E. I. Cost for used items shall be based on fair market value and may include transportation, installation, and minor maintenance costs, and removal costs. If an item is not fully consumed in the construction of the Work, its recoverable cost under this Contract shall be based on the original cost of the item less its fair market salvage value. 5. Rental charges for temporary facilities, equipment, and hand tools (except those customarily owned by construction workers), supplied to the Site by Job Order Contractor, provided they are included in the list of Allowable General Conditions Cost Line Items set forth in Exhibit E I and the City Town has approved the rentals and the rental rates in advance and in writing. Rental rates may include transportation, installation, and minor maintenance costs, and removal costs. For tools, machinery or construction equipment rented directly from the Job Order Contractor, the rental rate, including freight and delivery costs and all operating expenses except labor, shall be approved in advance by the City Town and shall be in accordance with either the “Rental Rate Blue Book for Construction Mobilization Costs” published by Primedia, latest edition, or the most- recent rates provided by Xxxxxxxxxxxxxx.xxx, but no higher than the prevailing competitive rates for rental of similar equipment in the Project vicinity. 6. The aggregate rental cost of any item charged to the City Town shall not exceed 75% of the purchase price and maintenance cost of the item. If the anticipated aggregate rental cost for an item of equipment exceeds 75% of the purchase and maintenance price, Job Order Contractor shall purchase the equipment and turn it over to the City Town upon final completion of the Work or, at the CityTown’s option, credit the City Town with the fair market resale value of the item. 7. Permit and inspection fees paid by Job Order Contractor where the City Town is exempt will not be reimbursed by the CityTown. 8. Cost of premiums for normal and customary Job Order Contractor’s Subcontractor default insurance at the rate of 1.25% of the cost of subcontracts and Subcontractor’s liability, xxxxxxx’x compensation and builders risk insurance as required pursuant to Article 10 below, which shall be identified as separate line items within the applicable GMP. The Job Order If the Contractor intends to utilize its Subcontractor Liability Wrap-up Coverage (Z-25), which it will be reimbursed at the rate of 1.5% of the Subcontract amount, and credited from the Subcontractor bids. Commercial General Liability Insurance shall be reimbursed at the rate of 1.1% of the applicable GMP amount; Builders Risk Insurance shall be reimbursed at the rate of 0.47% of the applicable GMP amount; Performance and Payment Bonds shall be reimbursed at 0.760.85% of the applicable GMP amount. All amounts shall be identified as separate line items within the applicable GMP. 9. Cost of bond premiums to the extent directly attributable to the Project. 10. Governmental sales and use taxes directly attributable to the General Conditions Items that are not subject to exemption, in the form and at the rates legally enacted on the date of the first GMP, whether such taxes are effective or scheduled to go into effect. Taxes paid on materials or services that were entitled to tax exemption will not be reimbursed by the City Town as Direct Construction Costs.

Appears in 1 contract

Samples: Design Build Agreement

General Conditions Costs. Job Order Contractor Construction Manager is entitled to receive reimbursement for the actual cost of the allowable General Conditions items incurred between issuance of the applicable Notice to Proceed and 30 60 days after the date scheduled for Substantial Completion. Job Order Contractor Construction Manager is entitled to reimbursement for General Conditions Costs incurred before receipt of the Notice to Proceed, or after Substantial Completion, only with prior written approval of the CityDistrict. “Allowable General Conditions Cost Line Items” are identified below and in Exhibit EI, attached hereto and incorporated herein by reference. These items shall be included in the General Conditions Cost amount shown as a line item lump sum in the applicable GMP Proposal and as detailed on the Schedule of Values. Items not specifically included below or in Exhibit E I will not be allowed as a General Condition Costs. 1. Personnel costs, which include wages paid for Job Order ContractorConstruction Manager’s hourly employees and salaries of Job Order ContractorConstruction Manager’s salaried personnel when (a) stationed at the field office located at the Site and working on matters directly related to the Project, in whatever capacity employed; (b) engaged on the road expediting the production or transportation of material and equipment; and (c) performing functions directly related to the Work from the principal or branch office. The project manager’s salary may be included in the General Conditions Costs only when the project manager is directly managing the Project. Personnel costs also include the cost of all employee benefits and taxes including but not limited to, unemployment compensation, Social Security, health, welfare, retirement and other fringe benefits as required by law, labor agreements, or paid under the Job Order ContractorConstruction Manager’s standard personnel policy. All personnel costs are subject to audit to determine the actual cost of the wages, salaries and allowable employer contributions incurred by the Job Order Contractor for services performed for the Project.as per Exhibit J. 2. Reasonable transportation, travel and hotel expenses of the Job Order ContractorConstruction Manager’s personnel incurred in connection with the Work. 3. Costs of long-distance telephone calls, telegrams, postage, package delivery and courier service, hardwired telephone service, and reasonable expenses of Job Order ContractorConstruction Manager’s jobsite office if incurred at the Site and directly and solely in support of the Work. 4. Costs of materials, supplies, temporary facilities, equipment, and hand tools (except those customarily owned by construction workers), supplied to the Site by Job Order ContractorConstruction Manager, if such items are fully consumed in the construction of the Work and are included in the list of Allowable General Conditions Cost Line Items set forth in Exhibit E. I. Cost for used items shall be based on fair market value and may include transportation, installation, and minor maintenance costs, and removal costs. If an item is not fully consumed in the construction of the Work, its recoverable cost under this Contract shall be based on the original cost of the item less its fair market salvage value. 5. Rental charges for temporary facilities, equipment, and hand tools (except those customarily owned by construction workers), supplied to the Site by Job Order ContractorConstruction Manager, provided they are included in the list of Allowable General Conditions Cost Line Items set forth in Exhibit E I and the City District has approved the rentals and the rental rates in advance and in writing. Rental rates may include transportation, installation, and minor maintenance costs, and removal costs. For tools, machinery or construction equipment rented directly from the Job Order ContractorConstruction Manager, the rental rate, including freight and delivery costs and all operating expenses except labor, shall be approved in advance by the City District and shall be in accordance with either the “Rental Rate Blue Book for Construction Mobilization Costs” published by Primedia, latest edition, or the most- most-recent rates provided by Xxxxxxxxxxxxxx.xxx, but no higher than the prevailing competitive rates for rental of similar equipment in the Project vicinity. 6. The aggregate rental cost of any item charged to the City District shall not exceed 75% of the purchase price and maintenance cost of the item. If the anticipated aggregate rental cost for an item of equipment exceeds 75% of the purchase and maintenance price, Job Order Contractor Construction Manager shall purchase the equipment and turn it over to the City District upon final completion of the Work or, at the CityDistrict’s option, credit the City District with the fair market resale value of the item. 7. Permit and inspection fees paid by Job Order Contractor Construction Manager where the City District is exempt will not be reimbursed by the CityDistrict. 8. Cost of premiums for normal and customary Job Order ContractorConstruction Manager’s Subcontractor default insurance at the rate of 1.25% of the cost of subcontracts and Subcontractor’s liability, xxxxxxx’x compensation and builders risk insurance as required pursuant to Article 10 below, which shall be identified as separate line items within the applicable GMP. The Job Order Contractor If the Construction Manager intends to utilize its Subcontractor Liability Wrap-up Coverage (Z-25), which it will be reimbursed at the rate of 1.5% of the Subcontract amount, and credited from the Subcontractor bids. Commercial General Liability Insurance shall be reimbursed at the rate of 1.11.3% of the applicable GMP amount; Builders Risk Insurance shall be reimbursed at the rate of 0.470.65% of the applicable GMP amount; Performance and Payment Bonds shall be reimbursed at 0.761.0% of the applicable GMP amount. All amounts shall be identified as separate line items within the applicable GMP. 9. Cost of bond premiums to the extent directly attributable to the Project. 10. Governmental sales and use taxes directly attributable to the General Conditions Items that are not subject to exemption, in the form and at the rates legally enacted on the date of the first GMP, whether such taxes are effective or scheduled to go into effect. Taxes paid on materials or services that were entitled to tax exemption will not be reimbursed by the City District as Direct Construction Costs.

Appears in 1 contract

Samples: Construction Manager at Risk Agreement

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General Conditions Costs. Job Order Contractor Construction Manager is entitled to receive reimbursement for the actual cost of the allowable General Conditions items incurred between issuance of the applicable Notice to Proceed and 30 days after the date scheduled for Substantial Completion. Job Order Contractor Construction Manager is entitled to reimbursement for General Conditions Costs incurred before receipt of the Notice to Proceed, or after Substantial Completion, only with prior written approval of the City. “Allowable General Conditions Cost Line Items” are identified below and in Exhibit EI, attached hereto and incorporated herein by reference. These items shall be included in the General Conditions Cost amount shown as a line item in the applicable GMP Proposal and as detailed on the Schedule of Values. Items not specifically included below or in Exhibit E I will not be allowed as a General Condition Costs. 1. Personnel costs, which include wages paid for Job Order ContractorConstruction Manager’s hourly employees and salaries of Job Order ContractorConstruction Manager’s salaried personnel when (a) stationed at the field office located at the Site and working on matters directly related to the Project, in whatever capacity employed; (b) engaged on the road expediting the production or transportation of material and equipment; and (c) performing functions directly related to the Work from the principal or branch office. The project manager’s salary may be included in the General Conditions Costs only when the project manager is directly managing the Project. Personnel costs also include the cost of all employee benefits and taxes including but not limited to, unemployment compensation, Social Security, health, welfare, retirement and other fringe benefits as required by law, labor agreements, or paid under the Job Order ContractorConstruction Manager’s standard personnel policy. All personnel costs are subject to audit to determine the actual cost of the wages, salaries and allowable employer contributions incurred by the Job Order Contractor Construction Manager for services performed for the Project. 2. Reasonable transportation, travel and hotel expenses of the Job Order ContractorConstruction Manager’s personnel incurred in connection with the Work. 3. Costs of long-distance telephone calls, telegrams, postage, package delivery and courier service, hardwired telephone service, and reasonable expenses of Job Order ContractorConstruction Manager’s jobsite office if incurred at the Site and directly and solely in support of the Work. 4. Costs of materials, supplies, temporary facilities, equipment, and hand tools (except those customarily owned by construction workers), supplied to the Site by Job Order ContractorConstruction Manager, if such items are fully consumed in the construction of the Work and are included in the list of Allowable General Conditions Cost Line Items set forth in Exhibit E. I. Cost for used items shall be based on fair market value and may include transportation, installation, and minor maintenance costs, and removal costs. If an item is not fully consumed in the construction of the Work, its recoverable cost under this Contract shall be based on the original cost of the item less its fair market salvage value. 5. Rental charges for temporary facilities, equipment, and hand tools (except those customarily owned by construction workers), supplied to the Site by Job Order ContractorConstruction Manager, provided they are included in the list of Allowable General Conditions Cost Line Items set forth in Exhibit E I and the City has approved the rentals and the rental rates in advance and in writing. Rental rates may include transportation, installation, and minor maintenance costs, and removal costs. For tools, machinery or construction equipment rented directly from the Job Order ContractorConstruction Manager, the rental rate, including freight and delivery costs and all operating expenses except labor, shall be approved in advance by the City and shall be in accordance with either the “Rental Rate Blue Book for Construction Mobilization Costs” published by Primedia, latest edition, or the most- most-recent rates provided by Xxxxxxxxxxxxxx.xxx, but no higher than the prevailing competitive rates for rental of similar equipment in the Project vicinity. 6. The aggregate rental cost of any item charged to the City shall not exceed 75% of the purchase price and maintenance cost of the item. If the anticipated aggregate rental cost for an item of equipment exceeds 75% of the purchase and maintenance price, Job Order Contractor Construction Manager shall purchase the equipment and turn it over to the City upon final completion of the Work or, at the City’s option, credit the City with the fair market resale value of the item. 7. Permit and inspection fees paid by Job Order Contractor Construction Manager where the City is exempt will not be reimbursed by the City. 8. Cost of premiums for normal and customary Job Order ContractorConstruction Manager’s Subcontractor default insurance at the rate of 1.25% of the cost of subcontracts and Subcontractor’s liability, xxxxxxx’x compensation and builders risk insurance as required pursuant to Article 10 below, which shall be identified as separate line items within the applicable GMP. The Job Order Contractor If the Construction Manager intends to utilize its Subcontractor Liability Wrap-up Coverage (Z-25), which it will be reimbursed at the rate of 1.5% of the Subcontract amount, and credited from the Subcontractor bids. Commercial General Liability Insurance shall be reimbursed at the rate of 1.1% of the applicable GMP amount; Builders Risk Insurance shall be reimbursed at the rate of 0.47% of the applicable GMP amount; Performance and Payment Bonds shall be reimbursed at 0.76% of the applicable GMP amount. All amounts shall be identified as separate line items within the applicable GMP. 9. Cost of bond premiums to the extent directly attributable to the Project. 10. Governmental sales and use taxes directly attributable to the General Conditions Items that are not subject to exemption, in the form and at the rates legally enacted on the date of the first GMP, whether such taxes are effective or scheduled to go into effect. Taxes paid on materials or services that were entitled to tax exemption will not be reimbursed by the City as Direct Construction Costs.

Appears in 1 contract

Samples: Construction Manager at Risk Agreement

General Conditions Costs. Job Order Contractor 14.1.1 Construction Manager is entitled to receive reimbursement payment for the actual cost of the allowable General Conditions items incurred between issuance after receipt of the applicable a Notice to Proceed and with Construction from Owner through Substantial Completion of the Project plus 30 days after the date scheduled for Substantial Completioncalendar days. Job Order Contractor Construction Manager is not entitled to reimbursement for General Conditions Costs incurred before receipt of the Notice to Proceed, or . General Conditions Costs incurred after Substantial Completion, only with prior written approval of the City. “Completion must be approved in advance by Owner. 14.1.2 Allowable General Conditions Cost Line Items” items are identified below and in Exhibit E, attached hereto and incorporated herein by reference. Attachment G. These items shall will be included in the General Conditions Cost cost amount shown as a line item in the applicable GMP Proposal and as detailed on the Schedule of Values. Items not specifically included below or in Exhibit E the exhibit will not be allowed as a General Condition Costscost. 1. Personnel costs, which include wages paid A. The actual Worker Wage Rate for Job Order ContractorConstruction Manager’s hourly employees and salaries the Monthly Salary Rate of Job Order ContractorConstruction Manager’s salaried personnel when (a) who are identified to Owner in advance and in writing, but only for the time actually stationed at the field office located at the Site and working on matters directly related to the Project, in whatever capacity employed; (b) engaged on the road expediting the production or transportation of material and equipment; and (c) performing functions directly related to the Work from the principal or branch officeProject site with Owner’s prior consent. The project managerProject Manager’s salary Monthly Salary Rate may be included in the General Conditions Costs only when the project manager Project Manager is directly managing the Project. Personnel costs also include the cost of all employee benefits and taxes including but not limited to, unemployment compensation, Social Security, health, welfare, retirement and other fringe benefits as required by law, labor agreements, or paid under the Job Order Contractor’s standard personnel policy. All personnel costs are subject to audit to determine the actual cost of the wages, salaries salaries, and allowable employer contributions incurred by the Job Order Contractor Construction Manager for services performed for the Project. 2. Reasonable transportation, travel and hotel expenses of the Job Order Contractor’s personnel incurred in connection with the Work. 3. B. Costs of long-distance telephone calls, telegrams, postage, package delivery and courier service, hardwired telephone service, and reasonable expenses of Job Order ContractorConstruction Manager’s jobsite office if incurred at the Site Project site and directly and solely in support of the Work. 4. C. Costs of materials, supplies, temporary facilities, equipment, and hand tools (except those customarily owned by construction workers), supplied to the Site Project site by Job Order ContractorConstruction Manager, if such items are fully consumed in the construction of the Work and are included in the list of Allowable allowable General Conditions Cost Condition Line Items set forth in Exhibit E. Items. Cost for used items shall will be based on fair market value and may include transportation, installation, and minor maintenance costs, and removal costs. If an item is not fully consumed in the construction of the Work, its recoverable cost under this Contract shall will be based on the original actual cost of the item less its fair market salvage value. 5. D. Rental charges for temporary facilities, equipment, and hand tools (except those customarily owned by construction workers), supplied to the Site Project site by Job Order ContractorConstruction Manager, provided they are included in the list of Allowable allowable General Conditions Cost Condition Line Items set forth in Exhibit E and the City Owner has approved the rentals and the rental rates in advance and in writing. Rental rates may include transportation, installation, and minor maintenance costs, and removal costs. For tools, machinery or construction equipment rented directly from the Job Order ContractorConstruction Manager, the rental rate, including freight and delivery costs and all operating expenses except labor, shall will be approved in advance by the City Owner and shall be in accordance with either the “Rental Rate Blue Book for Construction Mobilization Costs” published by Primedia, latest edition, or the most- recent rates provided by Xxxxxxxxxxxxxx.xxx, but no higher than the prevailing competitive rates for rental of similar equipment in the Project vicinity. 6. E. The aggregate rental cost of any item charged to the City shall Owner will not exceed 7590% of the purchase price and maintenance cost of the item. If the anticipated aggregate rental cost for an item of equipment exceeds 7590% of the purchase and maintenance price, Job Order Contractor shall Construction Manager will purchase the equipment and turn it over to the City Owner upon final completion of the Work or, at the CityOwner’s option, credit the City Owner with the fair market resale value of the item. 7. Permit F. Premiums for Construction Manager’s insurance and inspection fees paid by Job Order Contractor where the City is exempt will not be reimbursed by the City. 8. Cost of premiums for normal and customary Job Order Contractor’s Subcontractor default insurance at the rate of 1.25% of the cost of subcontracts and Subcontractor’s liability, xxxxxxx’x compensation and builders risk insurance as required pursuant to Article 10 below, which shall be identified as separate line items within the applicable GMP. The Job Order Contractor intends to utilize its Subcontractor Liability Wrap-up Coverage (Z-25), which will be reimbursed at the rate of 1.5% of the Subcontract amount, and credited from the Subcontractor bids. Commercial General Liability Insurance shall be reimbursed at the rate of 1.1% of the applicable GMP amount; Builders Risk Insurance shall be reimbursed at the rate of 0.47% of the applicable GMP amount; Performance and Payment Bonds shall be reimbursed at 0.76% of the applicable GMP amount. All amounts shall be identified as separate line items within the applicable GMP. 9. Cost of bond premiums bonds to the extent directly attributable to this Project. Premiums for bonds and/or Subcontractor default insurance purchased for Subcontractor Work are excluded from General Conditions costs. authorization to commence the Construction Phase Work through Final Completion of the Project.. Construction Manager is not entitled to reimbursement for Cost of the Work costs incurred before receipt of Owner’s written authorization. Cost of the Work includes the following: 10. Governmental sales A. costs of materials and use taxes equipment purchased directly attributable by Construction Manager and incorporated into or consumed in the performance of the Work, including transportation charges, and a reasonable and customary allowance for waste and spoilage; B. costs of site debris removal and disposal in accordance with all applicable laws and regulations if not otherwise included in General Conditions; C. payments made to Subcontractors and their vendors or suppliers by Construction Manager for the subcontract work in accordance with the Construction Documents and the requirements of the subcontracts with the Subcontractors, vendors, or suppliers, however, the cost of Subcontractor payment and performance bonds, if any, are specifically excluded from the Cost of the Work; D. payments earned by Construction Manager for self-performed subcontract work, other than General Conditions Items that are not subject to exemptionwork, in accordance with the form Construction Documents and at the rates legally enacted on the date terms of this Contract and approved by Owner; E. testing fees pursuant to Article 8 of the first GMP, whether such taxes are effective or scheduled to go into effect. Taxes paid on materials or services that were entitled to tax exemption will not be reimbursed UGCs; F. intellectual property royalties and licenses for items specifically required by the City Construction Documents which are, or will be, incorporated into the Work; G. Costs associated with any Subcontractor default insurance program (one such common product is referred to as Direct “SUBGUARD”) provided or required by Construction CostsManager ARE EXPLICITLY EXCLUDED from the Cost of the Work.

Appears in 1 contract

Samples: Construction Manager at Risk Contract

General Conditions Costs. Job Order Contractor is entitled to receive reimbursement for the actual cost of the allowable General Conditions items incurred between issuance of the applicable Notice to Proceed and 30 days after the date scheduled for Substantial Completion. Job Order Contractor is entitled to reimbursement for General Conditions Costs incurred before receipt of the Notice to Proceed, or after Substantial Completion, only with prior written approval of the City. “Allowable General Conditions Cost Line Items” are identified below and in Exhibit E, attached hereto and incorporated herein by reference. These items shall be included in the General Conditions Cost amount shown as a line item in the applicable GMP Proposal and as detailed on the Schedule of Values. Items not specifically included below or in Exhibit E will not be allowed as a General Condition Costs. 1. Personnel costs, which include wages paid for Job Order Contractor’s hourly employees and salaries of Job Order Contractor’s salaried personnel when (a) stationed at the field office located at the Site and working on matters directly related to the Project, in whatever capacity employed; (b) engaged on the road expediting the production or transportation of material and equipment; and (c) performing functions directly related to the Work from the principal or branch office. The project manager’s salary may be included in the General Conditions Costs only when the project manager is directly managing the Project. Personnel costs also include the cost of all employee benefits and taxes including but not limited to, unemployment compensation, Social Security, health, welfare, retirement and other fringe benefits as required by law, labor agreements, or paid under the Job Order Contractor’s standard personnel policy. All personnel costs are subject to audit to determine the actual cost of the wages, salaries and allowable employer contributions incurred by the Job Order Contractor for services performed for the Project. 2. Reasonable transportation, travel and hotel expenses of the Job Order Contractor’s personnel incurred in connection with the Work. 3. Costs of long-distance telephone calls, telegrams, postage, package delivery and courier service, hardwired telephone service, and reasonable expenses of Job Order Contractor’s jobsite office if incurred at the Site and directly and solely in support of the Work. 4. Costs of materials, supplies, temporary facilities, equipment, and hand tools (except those customarily owned by construction workers), supplied to the Site by Job Order Contractor, if such items are fully consumed in the construction of the Work and are included in the list of Allowable General Conditions Cost Line Items set forth in Exhibit E. Cost for used items shall be based on fair market value and may include transportation, installation, and minor maintenance costs, and removal costs. If an item is not fully consumed in the construction of the Work, its recoverable cost under this Contract shall be based on the original cost of the item less its fair market salvage value. 5. Rental charges for temporary facilities, equipment, and hand tools (except those customarily owned by construction workers), supplied to the Site by Job Order Contractor, provided they are included in the list of Allowable General Conditions Cost Line Items set forth in Exhibit E and the City has approved the rentals and the rental rates in advance and in writing. Rental rates may include transportation, installation, and minor maintenance costs, and removal costs. For tools, machinery or construction equipment rented directly from the Job Order Contractor, the rental rate, including freight and delivery costs and all operating expenses except labor, shall be approved in advance by the City and shall be in accordance with either the “Rental Rate Blue Book for Construction Mobilization Costs” published by Primedia, latest edition, or the most- recent rates provided by Xxxxxxxxxxxxxx.xxx, but no higher than the prevailing competitive rates for rental of similar equipment in the Project vicinity. 6. The aggregate rental cost of any item charged to the City shall not exceed 75% of the purchase price and maintenance cost of the item. If the anticipated aggregate rental cost for an item of equipment exceeds 75% of the purchase and maintenance price, Job Order Contractor shall purchase the equipment and turn it over to the City upon final completion of the Work or, at the City’s option, credit the City with the fair market resale value of the item. 7. Permit and inspection fees paid by Job Order Contractor where the City is exempt will not be reimbursed by the City. 8. Cost of premiums for normal and customary Job Order Contractor’s Subcontractor default insurance at the rate of 1.25% of the actual cost of subcontracts and Subcontractor’s liability, xxxxxxx’x compensation and builders risk insurance as required pursuant to Article 10 14 below, which shall be identified as separate line items within the applicable GMP. The Job Order Contractor intends to utilize its Subcontractor Liability Wrap-up Coverage (Z-25), which will be reimbursed at the rate of 1.5% of the Subcontract amount, and credited from the Subcontractor bids. Commercial General Liability Insurance shall be reimbursed at the rate of 1.1% of the applicable GMP amount; Builders Risk Insurance shall be reimbursed at the rate agreed upon by the Job Order Contractor and the City, but not in excess of 0.47% of the applicable GMP amount; Performance and Payment Bonds shall be reimbursed at 0.76% of the applicable GMP amount. All amounts shall be identified as separate line items within the applicable GMP. 9. Cost of bond premiums to the extent directly attributable to the Project. 10. Governmental sales and use taxes directly attributable to the General Conditions Items that are not subject to exemption, in the form and at the rates legally enacted on the date of the first GMP, whether such taxes are effective or scheduled to go into effect. Taxes paid on materials or services that were entitled to tax exemption will not be reimbursed by the City as Direct Construction Costs.

Appears in 1 contract

Samples: Job Order Contract

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