Common use of Indirect Costs, Expenses, and Profit Clause in Contracts

Indirect Costs, Expenses, and Profit. 2.3.1 Where Delay is to Controlling Work Item 2.3.1.1 The percentage markups for the direct costs of a Contractor’s labor and equipment set forth in Section 1.2.4.1(a) above (“Costs of Delay, Indirect Costs, Overhead and Profit”) as applied to the Contractor’s costs of idle time of labor and equipment as determined under Sections 2.1 above (“Direct Costs of Idle Labor”) and 2.2 above (“Direct Costs of Idle Equipment”); and 2.3.1.2 The percentage markups for the direct costs of Developer’s labor and equipment set forth in Section 1.2.4.2(b) above (“Costs of Delay, Indirect Costs, Overhead and Profit”) as applied to Developer’s costs of idle time of labor and equipment as determined under Sections 2.1 above (“Direct Costs of Idle Labor”) and 2.3.1.3 Such markups exclude cost of funds (whether debt or equity), and Xxxxxx charges, damages and penalties, which are not allowable as Delay Costs.