PRICING OF ADJUSTMENTS a. The parties agree that, notwithstanding any interpretation of contract cost principles to the contrary, WMATA will not be liable for interest, however represented, on or as a part of any claim, request, proposal, or adjustment, including equitable adjustments, whether it arises under the Contract or otherwise.
PRICING OF ADJUSTMENTS. All price adjustments, including but not limited to Equitable Adjustments, under this Contract shall be based upon Seller's costs and a reasonable profit for work performed, unless profit is expressly excluded by terms of this Contract. The Company shall recognize costs that are reasonable, allowable and allocable under the standards of Part 31 of the Federal Acquisition Regulation (“FAR”, Title 48, Code of Federal Regulations) in effect on the date of this Contract.
PRICING OF ADJUSTMENTS. When costs are a factor in any determination of a contract price adjustment pursuant to the "Changes" clause or any other provision of this contract, or when the allowability of costs under this contract are to be determined, determination of such costs shall be in accordance with FAR Part 31.
PRICING OF ADJUSTMENTS. All adjustments, including but not limited to “equitable adjustments,” under this Purchase Order shall be based upon Seller’s costs, plus a reasonable profit unless profit is expressly excluded by language of this Purchase Order. Seller’s costs shall be those that are reasonable, allowable, and allocable under the standards of Part 31 of the Federal Acquisition Regulation (and, if this Purchase Order is issued under a contract or subcontract with any Department of Defense entity, Part 231 of DFARS) as in effect in Buyer’s Contract on the date of this Purchase Order.
PRICING OF ADJUSTMENTS a) Pursuant to the clause entitled "changes" herein, when the contracting officer directs the contractor to perform changes that result in an increase in the cost to the contractor, the contracting officer will make an appropriate adjustment to the contract price. In no event shall any delays or extensions of time (other than suspensions of work covered by Clause 44) be construed as a reason or justification for payment of extra compensation to the contractor except as provided by this clause. The adjusted amount will only include reimbursement of actual and verifiable DIRECT (labor, material, supplies, major equipment rental, taxes, worker's compensation insurance for non-overhead personnel and payment bond premiums) cost directly attributable to the change, plus the indirect (overhead/profit) cost percentage factors below. Indirect costs will be reimbursed according to the nature, extent, and complexity of the work involved, but in no case will reimbursement exceed the following:
PRICING OF ADJUSTMENTS. When costs are a factor in any determination of a contract price adjustment pursuant to the "Changes" Clause or any other clause of this Subcontract, such costs shall be in accordance with the contract cost principles and procedures in Part 31 of the FAR (48 CFR 31) in effect as of the date of this Subcontract.
PRICING OF ADJUSTMENTS. Pursuant to the clause entitled "changes" herein, when the contracting officer directs the contractor to perform changes that result in an increase in the cost to the contractor, the contracting officer will make an appropriate adjustment to the contract price. In no event shall any delays or extensions of time (other than suspensions of work covered by Clause 44) be construed as a reason or justification for payment of extra compensation to the contractor except as provided by this clause. The adjusted amount will only include reimbursement of actual and verifiable DIRECT (labor, material, supplies, major equipment rental, taxes, worker's compensation insurance for non-overhead personnel and payment bond premiums) cost directly attributable to the change, plus the indirect (overhead/profit) cost percentage factors below. Indirect costs will be reimbursed according to the nature, extent, and complexity of the work involved, but in no case will reimbursement exceed the following: Percentage allowed: OVERHEAD PROFIT COMMISSION To the contractor on work performed by other than his own forces None None 8% To the contractor and/or the subcontractors for that portion of the work performed with THEIR RESPECTIVE FORCES 10% 8% None The above allowable percentages for indirect costs cover profit, commission and all home office and field Overhead (including but not limited to extended and unabsorbed overhead) expenses; insurance; (all except worker's compensation for non-overhead personnel); field and office supervisors, assistants and staff; field offices and storage or work shelters; small tools, estimating, engineering, coordination, expediting, purchasing, detailing, legal, accounting, data processing or other administrative expenses shop drawings, permits, and all other job burdens incidental to the trade. No more than three (3) of the above percentages will be allowed on any change regardless of the number of subcontractor tiers involved. That is, the markup on work subcontracted will be limited to one (1) overhead and one (1) profit percentage in addition to the general contractor's commission. Commission is defined to include all field and office overhead and profit of the general contractor. Subcontractors are not allowed to take a commission, overhead or profit on work subcontracted by them. On changes involving a net decrease in total contract price, the overhead, profit, and commission to be deducted will be negotiated based on the circumstances. Profit s...
PRICING OF ADJUSTMENTS. (Applies only if a Government contract is identified in the contract.) When costs are a factor in any determination of a contract price adjustment pursuant to the "Changes" clause or any other provision of this contract, or when the allowability of costs under this contract are to be determined, determination of such costs shall be in accordance with FAR Part 31.
PRICING OF ADJUSTMENTS. In addition to rights provided in other clauses under this Purchase Order, BUYER shall have the right to, and SELLER shall provide at BUYER’S request, price and/or cost information, other than certified cost or pricing data, to support BUYER’S analysis of SELLER’S price adjustment proposals in accordance with Federal Acquisition Regulations (FAR) Part 15, Subpart 15.4, "Contract Pricing." SELLER is responsible for providing price and/or cost information that is adequate for BUYER to determine whether the proposed price is fair and reasonable.
PRICING OF ADJUSTMENTS. When costs are a factor in any determination of a Transaction Fees adjustment pursuant to Article 21 or any other provision of this Contract, such costs shall be in accordance with the Subpart 31.1 of the Federal Acquisition Regulations (48 CFR 31.1). Notwithstanding any interpretation of the aforementioned contract cost principles and procedures to the contrary, the Authority will not be liable for interest, however represented, on or as a part of any claim, request, proposal or adjustment, including equitable adjustments, whether said claim, request, proposal or adjustment, including equitable adjustments, arises under the Contract or otherwise. Where general and administrative expense is recoverable as part of any pricing adjustment under this contract, the adjustment shall be based on the relationship between the Contractors' total general and administrative expenses allowable under FAR cost principles for all construction-type operations during the fiscal or calendar year covering the actual performance period of the work included in this pricing adjustment, and the Contractor's total cost input (excluding General and Administrative costs) for construction-type operations during the same period, expressed as a percentage, applied to the direct and overhead contract costs included in the pricing adjustment.
