Common use of PRICING OF ADJUSTMENTS Clause in Contracts

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. 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 attriblutable 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: