Common use of Recoverable Costs Clause in Contracts

Recoverable Costs. 11.7.1. Delay damages may be recoverable for the following costs actually and necessarily incurred in the performance of the Work: 11.7.1.1. Direct labor, including payroll taxes (subject to statutory wage caps) and supplemental benefits, based on time and materials records; 11.7.1.2. Necessary materials (including transportation to the Site), based on time and material records; 11.7.1.3. Reasonable rental value of necessary plant and equipment other than small tools, plus fuel/energy costs according to the applicable formula set forth in Articles 26.2.4 and/or 26.2.8, based on time and material records; 11.7.1.4. Additional insurance and bond costs; 11.7.1.5. Extended Site overhead field office rental, salaries of field office staff, on-site project managers and superintendents, field office staff vehicles, Project-specific storage, field office utilities and telephone, and field office consumables; 11.7.1.6. Labor escalation costs based on actual costs; 11.7.1.7. Materials and equipment escalation costs based on applicable industry indices unless documentation of actual increased cost is provided; 11.7.1.8. Additional material and equipment storage costs based on actual documented costs and additional costs necessitated by extended manufacturer warranty periods; and 11.7.1.9. Extended home office overhead calculated based on the following formula: (1) Subtract from the original Contract amount the amount earned by original contractual Substantial Completion date (not including change orders);

Recoverable Costs. 11.7.1. Delay damages may be recoverable for the following costs actually and necessarily incurred in the performance of the Work: 11.7.1.1. Direct labor, including payroll taxes (subject to statutory wage caps) and supplemental benefits, based on time and materials records; 11.7.1.2. Necessary materials (including transportation to the Site), based on time and material records; 11.7.1.3. Reasonable rental value of necessary plant and equipment other than small tools, plus fuel/energy costs according to the applicable formula set forth in Articles 26.2.4 and/or 26.2.8, based on time and material records; 11.7.1.4. Additional insurance and bond costs; 11.7.1.5. Extended Site overhead field office rental, salaries of field office staff, on-site project managers and superintendents, field office staff vehicles, Project-specific storage, field office utilities and telephone, and field office consumables; 11.7.1.6. Labor escalation costs based on actual costs; 11.7.1.7. Materials and equipment escalation costs based on applicable industry indices unless documentation of actual increased cost is provided; 11.7.1.8. Additional material and equipment storage costs based on actual documented costs and additional costs necessitated by extended manufacturer warranty periods; and 11.7.1.9. Extended home office overhead calculated based on the following formula: 11.7.1.9.1. (1) Subtract from the original Contract amount the amount earned by original contractual Substantial Completion date (not including change orders);

Recoverable Costs. 11.7.1. 11.7.1 Delay damages may be recoverable for the following costs actually and necessarily incurred in the performance of the Work: 11.7.1.1. 11.7.1.1 Direct labor, including payroll taxes (subject to statutory wage caps) and supplemental benefits, based on time and materials records; 11.7.1.2. 11.7.1.2 Necessary materials (including transportation to the Site), based on time and material records; 11.7.1.3. 11.7.1.3 Reasonable rental value of necessary plant and equipment other than small tools, plus fuel/energy costs according to the applicable formula set forth in Articles 26.2.4 and/or 26.2.8, based on time and material records; 11.7.1.4. 11.7.1.4 Additional insurance and bond costs; 11.7.1.5. 11.7.1.5 Extended Site overhead overhead, field office rental, salaries of field office staff, on-site project managers and superintendents, field office staff vehicles, Project-specific storage, field office utilities and telephone, and field office consumables; 11.7.1.6. 11.7.1.6 Labor escalation costs based on actual costs; 11.7.1.7. 11.7.1.7 Materials and equipment escalation costs based on applicable industry indices unless documentation of actual increased cost is provided; 11.7.1.8. 11.7.1.8 Additional material and equipment storage costs based on actual documented costs and additional costs necessitated by extended manufacturer warranty periods; and 11.7.1.9. 11.7.1.9 Extended home office overhead calculated based on the following formula: (1) Subtract from the original Contract amount the amount earned by original contractual Substantial Completion date (not including change orders); (2) Remove 15% overhead and profit from the calculation in item (1) by dividing the results of item (1) by 1.15; (3) Multiply the result of item (2) by 7.25% for the total home office overhead; (4) Multiply the result of item (3) by 7.25% for the total profit; and (5) The total extended home office overhead will be the total of items (3) and (4).