Common use of Second and Lower Tier Subcontractor Clause in Contracts

Second and Lower Tier Subcontractor. If a Subcontractor at any tier does all or part of the changed Work with its employees, the Subcontractor's markup on the Subcontractor’s work with its employees shall be twenty-five percent of the first $50,000 of the cost, and twenty percent of the remaining cost, if any. The management markup of a Subcontractor's work by the Contractor and all intervening tiers of Subcontractors shall not exceed seven and one half percent for the Contractor and any Subcontractor, or a total of fifteen percent for the changes to the Work.

Appears in 46 contracts

Samples: Construction Contract, Construction Contract, Construction Contract

AutoNDA by SimpleDocs

Second and Lower Tier Subcontractor. If a Subcontractor at any tier does all or part of the changed Work with its own employees, the Subcontractor's markup on the Subcontractor’s work with its own employees shall be twenty-five not exceed twenty- percent of the first $50,000 of the cost, and twenty percent of the remaining net allowable cost, if any. The management markup of a Subcontractor's work by the Contractor and all intervening tiers of Subcontractors shall not exceed seven and one half percent for the Contractor and any an additional seven and one half-percent for a Subcontractor, or a total of not to exceed fifteen percent for the changes to the Work.

Appears in 35 contracts

Samples: Construction Contract, Construction Contract, Construction Contract

Second and Lower Tier Subcontractor. If a Subcontractor at any tier does all or part of the changed Work with its employees, the Subcontractor's markup on the Subcontractor’s work with its employees shall be twenty-five percent of the first $50,000 of the cost, and twenty percent of the remaining cost, if any. The management markup of a Subcontractor's work by the Contractor Design-Builder and all intervening tiers of Subcontractors shall not exceed seven and one half percent for the Contractor Design-Builder and any Subcontractor, or a total of fifteen percent for the changes to the Work.

Appears in 12 contracts

Samples: Design Build Contract, Design Build Contract, Design Build Contract

Second and Lower Tier Subcontractor. If a Subcontractor at any tier does all or part of the changed Work with its employees, the Subcontractor's markup on the Subcontractor’s work with its employees shall be twenty-five percent of the first $50,000 of the cost, and twenty percent of the remaining cost, if any. The management markup of a Subcontractor's work by the Contractor and all intervening tiers of Subcontractors shall not exceed seven and one seven-and-one-half percent for the Contractor and any Subcontractor, or a total of fifteen percent for the changes to the Work.

Appears in 10 contracts

Samples: Construction Contract, Construction Contract, Construction Contract

AutoNDA by SimpleDocs

Second and Lower Tier Subcontractor. If a Subcontractor at any tier does all or part of the changed Work with its employees, the Subcontractor's markup on the Subcontractor’s work with its employees shall be twenty-five percent of the first $50,000 of the cost, and twenty percent of the remaining cost, if any. The management markup of a Subcontractor's work by the Contractor Design-Builder and all intervening tiers of Subcontractors shall not exceed seven and one half percent for the Contractor Design- Builder and any Subcontractor, or a total of fifteen percent for the changes to the Work.

Appears in 1 contract

Samples: Design Build Contract

Time is Money Join Law Insider Premium to draft better contracts faster.