Limitation on Subcontractor Markup. Contractor shall include in each Subcontract a limitation on the markup that Subcontractors can include in Change Orders. The cumulative total of markup (Subcontractor markup plus all lower-tier Subcontractor markups) shall not exceed fifteen percent (15%) of the cost of the change.
Appears in 12 contracts
Samples: Construction Fixed Price Contract, Construction Management GMP Contract, Cost Plus Fixed Fee Contract
Limitation on Subcontractor Markup. Contractor shall include in each Subcontract a limitation on the markup that Subcontractors can include in Change Orderstheir change orders. The cumulative total of markup (Subcontractor markup plus all lower-tier Subcontractor markups) shall not exceed fifteen percent (15%) of the direct cost of the changechange in the Work.
Appears in 6 contracts
Samples: Construction Management GMP Contract, Cost Plus Fixed Fee Contract, Cost Plus Fixed Fee Contract
