Reimbursables at Cost. The following items, if approved by the Owner as part of the Change in the Work, will be reimbursed at cost and will not be subject to any percentage markup for overhead and profit: a. Sales and use taxes (except where sales tax is credited to Owner under Agreement); b. Performance and labor and material payment bond premiums; c. Permit fees; and d. Insurance premiums.
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Samples: Construction Management Services Agreement, Agreement for Construction Management Services, Agreement for Construction Management Services
Reimbursables at Cost. The following items, if approved by the Owner as part of the Change in the Work, will be reimbursed at cost and will not be subject to any percentage markup for overhead and profit:
a. Sales and use taxes (except where sales tax is credited to Owner under Agreement)taxes;
b. Performance and labor and material payment bond premiums;
c. Permit fees; and
d. Insurance premiums.
Appears in 1 contract
Reimbursables at Cost. The following items, if approved by the Owner as part of the Change in the Work, will be reimbursed at cost and will not be subject to any percentage markup for overhead and profit:
a. Sales and use taxes (except where sales tax is credited to Owner under Agreementthe Owner Direct Purchase Program);
b. Performance and labor and material payment bond premiums;
c. Permit fees; and
d. Insurance premiums.
Appears in 1 contract
