Common use of Markups on Additive and Deductive Work Clause in Contracts

Markups on Additive and Deductive Work. The cost of any additive or deductive changes in the Work shall be calculated as set forth below, except that overhead and profit shall not be included on deductive changes in the Work. Where a change in the Work involves additive and deductive work by the same Design-Builder or Subcontractor, small tools, overhead, profit, bond and insurance markups will apply to the net difference.

Markups on Additive and Deductive Work. The cost of any additive or deductive changes in the Work shall be calculated as set forth below, except that overhead and profit shall not be included on deductive changes in the Work. Where a change in the Work involves additive and deductive work by the same Design-Builder Contractor or Subcontractor, small tools, overhead, profit, bond bond, and insurance markups will apply to the net difference.