Common use of Required for Each Project Clause in Contracts

Required for Each Project. Contractor shall prepare a cost proposal for each Project RFP requested by the Owner. The cost proposal shall identify the pre-priced items, the non-pre-priced items, and any other costs proposed to be included in the cost of the Work for a Project. Pre-priced Items: Pre-priced items are pre-described and pre-priced tasks based on a unit price guide and coefficient multiplier. The cost proposal for each Project should be based substantially on the use of pre-priced items. The Unit Price Guide is a compilation of real property repair, rehabilitation, alteration, maintenance, and minor construction tasks, along with associated units of measure and unit prices designated or provided by the Owner to be used in administration of this Agreement. Unit prices include direct material, labor and equipment cost, but not indirect costs or profit. The Unit Price Guide for this Agreement is R.S. MEANS Facilities Construction Cost Data, 2007 Edition, for the City of which is hereby incorporated by reference. The most current edition of the Unit Price Guide shall be adopted fore each renewal option exercised by the Owner. The Coefficient Multiplier is a numerical factor which is applied to the Unit Price Guide unit prices to cover all of the Contractor’s other costs in performing the Work of a Project including, but not limited to, general and administrative and other overhead costs, insurance costs, equipment rental, protective gear and clothing, contingencies such as changes in wage rates and inflation, Contractor’s profit, and indirect costs. Separate coefficients may be used for Work performed during normal working hours and for Work performed during non-normal working hours. The Coefficient Multipliers for this Agreement are: Normal Hours Non-normal Hours Initial 2 Year Term First 2 Year Option Second 2 Year Option