Common use of Negotiated Trade Work Clause in Contracts

Negotiated Trade Work. Owner, at its sole discretion, may choose to directly negotiate the performance of trade work with General Contractor for a fixed profit for that portion of the Construction Work. The fixed profit amount will be added to the General Contractor’s ICL and the respective ICL percentages of the Risk/Reward Team members will be proportionately adjusted. This amount of overhead and profit awarded to General Contractor for the self-performed trade work is General Contractor’s sole compensation for this work, which will not be marked up for any additional overhead or profit.

Negotiated Trade Work. Owner, at its sole discretion, may choose to directly negotiate the performance of trade work with General Contractor for a fixed profit for that portion of the Construction Workplus overhead allowed under Section 7.1.1. The fixed profit amount will be added to the General Contractor’s ICL and the respective ICL percentages of the Risk/Reward Team members Members will be proportionately adjusted. This amount of overhead and profit awarded to General Contractor for the self-performed trade work is General Contractor’s sole compensation for this work, which will not be marked up for any additional overhead or profit.

Negotiated Trade Work. Owner, at its sole discretion, may choose to directly negotiate the performance of trade work with General Contractor for a fixed profit for that portion of the Construction Workplus overhead allowed under Section 7.1.1. The fixed profit amount will be added to the General Contractor’s ICL and the respective ICL percentages Percentages of the Risk/Reward Team members Members will be proportionately adjusted. This amount of overhead and profit awarded to General Contractor for the self-performed trade work is General Contractor’s sole compensation for this work, which will not be marked up for any additional overhead or profit.