Common use of General Equipment Rental Provisions Clause in Contracts

General Equipment Rental Provisions. (a) Extra Work Costs for the use of equipment shall be determined at the rental rates listed for that equipment in the Department’s publication entitled Labor Surcharge And Equipment Rental Rates, which is in effect on the date upon which the Extra Work is accomplished, regardless of ownership and any rental or other agreement, if they may exist, for the use of that equipment entered into by Developer or any Contractor; provided that for those pieces of equipment with a rental rate of $10.00 per hour or less as listed in the Labor Surcharge And Equipment Rental Rates publication and which are rented from a local equipment agency, other than Developer- owned or Affiliate-owned, Extra Work Costs for use of the equipment shall be determined at the hourly rate shown on the rental agency invoice or agreement for the time used on force account work as provided in Section 1.2.3.2 below ("Equipment on the Site"). If a minimum equipment rental amount is required by the local equipment rental agency, Extra Work Costs shall be determined at the actual amount charged. The $10 figure shall be adjusted annually on July 1 of each year of the Term by the percentage increase, if any, in the CPI since the previous July 1.

Appears in 5 contracts

Samples: Direct Agreement, Direct Agreement, Direct Agreement

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