Common use of Pricing of Changes Clause in Contracts

Pricing of Changes. 6.2.1 If a CHANGE ORDER provides for an adjustment to the CONTRACT SUM, the adjustment shall be based on one of the following methods: 6.2.1.1 Where the WORK involved is covered by unit prices contained in the Bid Schedule, by application of the unit prices to the quantities of the items involved, as mutually agreed to by the CONTRACTOR and the PM/CM. 6.2.1.2 By mutual acceptance of a unit price not contained in the Bid Schedule, or mutual acceptance of a lump sum price. The CONTRACTOR shall furnish PM/CM with an itemized cost breakdown together with supporting data including the quantities used in computing the unity price and/or lump sum price of the WORK. 6.2.1.3 Only when methods A and B above are exhausted, then on the basis of the Cost of Work plus a CONTRACTOR’S Fee for overhead and profit, as described below. (Cost Plus Basis). 6.2.1.4 Whenever the cost of any work is to be determined on a Cost Plus Basis, CONTRACTOR will submit on forms acceptable to the PM/CM, daily work sheets showing an itemized breakdown together with supporting data used to arrive at a final cost for the WORK. No payment will be made for work not verified by the PM/CM. Final cost for the Change in the WORK shall be reflected and formalized in a Change Order. 6.2.2 Allowable costs for any CHANGE ORDER shall be limited to the following: 6.2.2.1 Costs of labor, including social security, Medicare and unemployment insurance, fringe benefits available to CONTRACTOR’S employees generally. 6.2.2.2 Costs of first line supervision labor, including labor burden as described in Section

Pricing of Changes. 6.2.1 If a CHANGE ORDER provides for an adjustment to the CONTRACT SUM, the adjustment shall be based on one of the following methods: 6.2.1.1 Where the WORK involved is covered by unit prices contained in the Bid Schedule, by application of the unit prices to the quantities of the items involved, as mutually agreed to by the CONTRACTOR and the PM/CM. 6.2.1.2 By mutual acceptance of a unit price not contained in the Bid Schedule, or mutual acceptance of a lump sum price. The CONTRACTOR shall furnish PM/CM ENGINEER with an itemized cost breakdown together with supporting data including the quantities used in computing the unity unit price and/or lump sum price of the WORK. 6.2.1.3 Only when methods A and B above are exhausted, then on the basis of the Cost of Work plus a CONTRACTOR’S Fee for overhead and profit, as described below. (Cost Plus Basis). 6.2.1.4 Whenever the cost of any work is to be determined on a Cost Plus Basis, CONTRACTOR will submit on forms acceptable to the PM/CM, daily work sheets showing an itemized breakdown together with supporting data used to arrive at a final cost for the WORK. No payment will be made for work not verified by the PM/CM. Final cost for the Change in the WORK shall be reflected and formalized in a Change Order. 6.2.2 Allowable costs for any CHANGE ORDER shall be limited to the following: 6.2.2.1 Costs of labor, including social security, Medicare and unemployment insurance, fringe benefits available to CONTRACTOR’S employees generally. 6.2.2.2 Costs of first line supervision labor, including labor burden as described in Sectionin