Markups for Changes. If the Contract Price requires an adjustment due to changes in the Work, and the cost of such changes is determined under Section 9.4.1 of the General Conditions of Contract, markups shall be allowed on such changes in accordance with requirements of Section 109.05 of the Division I Amendments to the Standard Specifications.
Markups for Changes. The parties agree that changes shall not occur pursuant to Sections 9.4.1.3 or 9.4.1.4 of the General Conditions of Contract, but may occur pursuant to the other provisions therein.
Markups for Changes. 6.2.1 In the event of modification to the scope of work to be performed by Design-Build Subcontractor, the “markup” rate on any Change Order Request shall be constrained to the terms Design-Builder is bound to in the Design Build Agreement with Owner or as specifically outlined in Attachment B of this Agreement.
Markups for Changes. If the Contract Price requires an adjustment due to changes in the Work, and the cost of such changes is determined under Sections 9.4.1.3 or 9.4.1.4 of the General Conditions of Contract, the following markups shall be allowed on such changes: N/A ARTICLE 7 PROCEDURE FOR PAYMENT
Markups for Changes. If the Contract Price requires an adjustment due to changes in the Work, or for any other purpose, including Claims, and a lump sum is not agreed upon, the following markups shall be allowed on such adjustments as an allowance for all combined overhead, profit and other costs, including all office, home office and site overhead (including project manager, project engineer, and superintendent, except for pre-agreed extra work they perform caused by acceleration or an extension in the Contract Time), taxes (except for sales tax), safety costs, and delay and impact costs of any kind, added to the total cost to Owner of any Change Order, Work Change Directive, Claim or any other claim of any kind on this Project:
6.2.1 Design-Builder shall receive percent ( %) of fixed-price costs or percent ( %) of the time-and-material costs of any materials supplied and/or work properly performed by Design-Builder's own forces.
6.2.2 Design-Builder shall receive percent ( %) of fixed-price costs or percent ( %) of the time-and-material costs owed directly to a Subcontractor for materials supplied and/or Work properly performed by that Subcontractor or owed directly to a Design Consultant for services it properly performs.
6.2.3 Each "lump-sum" Subcontractor of any tier shall receive _ percent ( %) of fixed-price costs or percent ( _%) of the time-and-material costs of any
6.2.4 Each "lump-sum" Subcontractor of any tier shall receive _ percent ( %) of fixed-price costs or percent (%) of the time-and-material costs owed directly to a lower- tier "lump-sum" Subcontractor for materials supplied and/or Work properly performed by that Subcontractor.
6.2.5 The total summed xxxx-up of Design-Builder and all Subcontractors of any tier shall not exceed _ percent ( %).
Markups for Changes. If the Contract Price established by Section 7.2 above requires an adjustment due to changes in the Work, and the cost of such changes is determined under Sections 9.4.1.3 or 9.4.1.4 of the General Conditions of Contract, the following markups shall be allowed on such changes:
7.3.1 For additive Change Orders, including additive Change Orders arising from both additive and deductive items, it is agreed that Design-Builder shall receive a Fee of percent ( %) of the additional costs incurred for that Change Order, plus any other markups set forth at Exhibit hereto.
7.3.2 For deductive Change Orders, including deductive Change Orders arising from both additive and deductive items, the deductive amounts shall include:
Markups for Changes. 7.5.1 Design-Builder's Overhead and Profit
7.5.1.1 Calculate fifteen percent (15%) overhead and profit for the Design- Builder based upon the estimated or actual direct cost of that portion of the changed work to be performed by the Design-Builder.
7.5.1.2 Calculate Ten percent (10%) overhead and profit for the Design- Builder based upon the estimated or actual direct cost of the portion of the changed work to be performed by a subcontractor, supplier, or sub- subcontractor.
7.5.1.3 Calculate five percent (5%) overhead and profit for the Design- Builder based upon the estimated or actual direct cost of the portion of the changed work to be the cost of such additional Design Work performed by a Design Professional.
7.5.2 Subcontractor, Supplier, or Sub-subcontractor Overhead and Profit
7.5.2.1 Calculate fifteen percent (15%) overhead and profit for the subcontractor, its suppliers, or its sub-subcontractors based upon the estimated or actual direct cost of that portion of the changed work to be performed by a subcontractor, supplier, or sub- subcontractor. This percentage for overhead and profit is the aggregate total markup payable by Owner for any subcontractor and its suppliers and its sub-subcontractors of any tier.
Markups for Changes. If the Contract Price requires an adjustment due to changes in the Work, or for any other purpose, including Claims, and a lump sum is not agreed upon, the following markups shall be allowed on such adjustments as an allowance for all combined overhead, profit and other costs, including all office, home office and site overhead (including project manager, project engineer, and superintendent, except for pre-agreed general conditions costs and extra work they perform caused by acceleration or an extension in the Contract Time), taxes (except for sales tax), safety costs, and delay and impact costs of any kind, added to the total cost to Owner/DES of any Change Order, Work Change Directive, Claim or any other claim of any kind on this Project:
A. Design-Builder shall receive the agreed upon Fee as submitted on the Price Factor Form with Design-Builder’s Proposal. Fee is established as a percentage of the added cost of the work for fixed-price costs and time-and-material costs of any materials supplied and/or work properly performed by Design-Builder’s own forces. (replaced in Addendum #4)
B. Design-Builder shall receive the agreed upon Fee as submitted on the Price Factor Form with Design-Builder’s Proposal. Fee is established as a percentage of the added cost of the work for fixed-price costs and time-and-material costs owed directly to a Subcontractor for materials supplied and/or Work properly performed by that Subcontractor or owed directly to a Design Consultant for services it properly performs.
C. Each "lump-sum" Subcontractor of any tier shall receive fifteen percent (15%) of fixed-price costs and of the time-and-material costs of any materials properly supplied and/or Work properly performed by its own forces.
D. Each "lump-sum" Subcontractor of any tier shall receive eight percent (8%) of fixed-price costs and of the time-and-material costs owed directly to a lower-tier "lump-sum" Subcontractor for materials supplied and/or Work properly performed by that Subcontractor.
Markups for Changes. If the Contract Price requires an adjustment due to changes in the Work, the following markups shall be allowed on such changes: For the Design-Builder: 5.0% fee (xxxx-ups for insurance, bonds, business tax will be considered costs of the Work) For Subcontractors and Sub-Subcontractors (other than design/engineering consultants): 10.0% overhead and 5% fee
Markups for Changes. If the Contract Price requires an adjustment due to compensable changes in the Work, or for any other purpose, including Claims, and a lump sum is not agreed upon, the following markups shall be allowed on such adjustments as an allowance for all combined overhead, profit and other costs, including all office, home office and site overhead (including project manager, project engineer, and superintendent, except for pre-agreed extra work they perform caused by acceleration or an extension in the Contract Time), taxes (except for sales tax), safety costs, and delay and impact costs of any kind, added to the total cost to Owner of any Change Order, Work Change Directive, Claim or any other claim of any kind on this Project: .1 Design-Builder shall receive 15% of fixed-price costs or 10% of the time-and-material costs of any materials supplied and/or work properly performed by Design-Builder's own forces. .2 Design-Builder shall receive 8% of fixed-price costs or 6% of the time-and-material costs owed directly to a Subcontractor for materials supplied and/or Work properly performed by that Subcontractor or owed directly to a Design Consultant for services it properly performs.
