SUBSTANTIATION OF ADJUSTMENT Sample Clauses

SUBSTANTIATION OF ADJUSTMENT. If the Subcontractor does not respond promptly or disputes the method of adjustment, the method and the adjustment shall be determined by the Contractor on the basis of reasonable expenditures and savings of those performing the Work attributable to the change, including, in the case of an increase in the Subcontract Amount, an allowance for overhead and profit of the percentage provided in Paragraph 7.6. The Subcontractor may contest the reasonableness of any adjustment determined by the Contractor. The Subcontractor shall maintain for the Contractor's review and approval an appropriately itemized and substantiated accounting of the following items attributable to the Change Order: .1 labor costs, including Social Security, health, welfare, retirement and other fringe benefits as normally required, and state workers' compensation insurance; .2 costs of materials, supplies and equipment, whether incorporated in the Subcontract Work or consumed, including transportation costs; .3 costs of renting machinery and equipment other than hand tools;
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SUBSTANTIATION OF ADJUSTMENT. If the Subcontractor does not respond promptly or disputes the method of adjustment, the method and the adjustment shall be determined by the Contractor on the basis of reasonable expenditures and savings of those performing the Subcontract Work attributable to the change, including, in the case of an increase in the Subcontract Amount, an allowance for overhead and profit of the percentage provided in Paragraph 8.7. The Subcontractor shall maintain for the Contractor's review and approval an appropriately itemized and substantiated accounting of the following items attributable to the Change Order: .1 direct labour costs, including social security, health, welfare, retirement and other fringe benefits as normally required, workers' compensation insurance, and occupational disease insurance; .2 costs of materials, supplies and equipment, whether incorporated in the Subcontract Work or consumed, including transportation costs; .3 costs of renting machinery and equipment other than hand tools;
SUBSTANTIATION OF ADJUSTMENT. 1. If Subcontractor does not respond promptly or disputes the method of adjustment, the method and the adjustment shall be determined by CH2M HILL on the basis of reasonable expenditures and savings of those performing the Subcontractor’s Work attributable to the change, including an allowance for overhead and profit as permitted by the Prime Contract. Subcontractor shall maintain for CH2M HILL’s review and approval an appropriately itemized and substantiated accounting of the following items attributable to the Subcontract Change Order: labor costs, including Social Security, health, welfare, retirement and other fringe benefits as normally required, and state workers’ compensation insurance; 2. costs of materials, supplies and equipment, whether incorporated in Subcontractor’s Work or consumed, including transportation costs; 3. costs of renting machinery and equipment other than hand tools; 4. costs of bond and insurance premiums, permit fees and taxes attributable to the change; and 5. costs of additional supervision and field office personnel services necessitated by the change.
SUBSTANTIATION OF ADJUSTMENT. If the Subcontractor does not advise the Contractor promptly of the Subcontractor’s agreement or disagreement with a proposed adjustment, or if the Subcontractor disagrees with the proposed method of adjustment, the method and the adjustment shall be determined by the Contractor on the basis of reasonable Subcontractor expenditures and savings attributable to the change, including, in the case of an increase in the Subcontract Price, a reasonable markup for overhead and profit. The Subcontractor may contest the reasonableness of any adjustment determined by the
SUBSTANTIATION OF ADJUSTMENT. If the Subcontractor does not respond promptly or disputes the method of adjustment, the method and the adjustment shall be determined by the Contractor on the basis of reasonable expenditures and savings of those performing the Work attributable to the change, including, in the case of an increase in the Contract Price, an allowance for overhead and profit of 15%. a) labor costs, including Social Security, health, welfare, retirement and other fringe benefits as normally required, and state workers' compensation insurance; b) costs of materials, supplies and equipment, whether incorporated in the Work or consumed, including transportation costs; c) costs of renting, either from the Contractor or from others, of machinery and equipment other than hand tools; d) costs of bond and insurance premiums, permit fees and taxes attributable to the change; and e) costs of additional supervision and field office personnel services necessitated by the change.
SUBSTANTIATION OF ADJUSTMENT. If the Subcontractor does not respond promptly or disputes the method of adjustment, the method and the adjustment shall be determined by the Contractor on the basis of reasonable expenditures and savings of those performing the work attributable to the change, including, in the case of an increase in the Contract Price, an allowance for overhead and profit of (8%). The Subcontractor shall maintain for the Contractor’s review and approval an appropriately itemized and substantiated accounting of the following items attributable to the Subcontract Change Order or Subcontract Construction Change Directive: 5.5.1 labor costs, including Social Security, health, welfare, retirement and other fringe benefits as normally required, and state workers’ compensation insurance; 5.5.2 costs of materials, supplies and equipment, whether incorporated in the Work or consumed, including transportation costs; 5.5.3 costs of renting, either from the Contractor or from others, of machinery and equipment other than hand tools: 5.5.4 costs of bond and insurance premiums, permit fees and taxes (excluding sales or use tax) attributable to the change; and 5.5.5 costs of additional supervision and field office personnel services necessitated by the change.
SUBSTANTIATION OF ADJUSTMENT. If the Subcontractor does not respond promptly or disputes the method of adjustment. the method and the adjustment shall be determined by the Contractor on the basis of reasonable expenditures and savings of those performing the Work attributable to the change, including, in the case of an increase in the Contract Price. an allowance for overhead and profit of as specified in Rider A. The Subcontractor shall maintain for the Contractor's review and approval an appropriately itemized and substantiated accounting of the following items attributable to the Subcontract Change Order: 1. labor costs. including Social Security, health, welfare. retirement and other fringe benefits as normally retired. and state workers' compensation insurance; 2. costs of materials. supplies. and equipment. whether incorporated or consumed in the Work. including transportation costs; 3. costs of renting, either from the Contractor or from others, of' machinery and equipment other than hand tools; 4. costs of bond and insurance premiums, permit fees and taxes attributable to the change; and 5 costs of additional supervision and field office personnel services necessitated by the change.
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SUBSTANTIATION OF ADJUSTMENT. The Subcontractor shall maintain for the Contractor’s review and approval an appropriately itemized and substantiated accounting of the following items attributable to the Subcontract Change Order: (i) labor costs, including Social Security, health, welfare, retirement and other fringe benefits as normally required, and state workers’ compensation insurance; (ii) costs of materials, supplies and equipment, whether incorporated in the Work or consumed, including transportation costs; (iii) costs of renting machinery and equipment other than hand tools; (iv) costs of bond and insurance premiums, permit fees and taxes attributable to the change; and (v) costs of additional supervision and field office personnel services necessitated by the change.
SUBSTANTIATION OF ADJUSTMENT. The method and the adjustment shall be determined by Maintco Corp. on the basis of reasonable costs and savings of those performing the Work attributable to the change, including, in the case of an increase in the Subcontract Price, an allowance for overhead and profit proportionate to Maintco Corp.'s recovery of overhead and profit, if any, under the Contract Documents. The Subcontractor shall maintain for Maintco Corp.'s review and approval an appropriately itemized and substantiated accounting of the following items attributable to the Subcontract Change Order or Subcontract Work Authorization: (a) labor costs, including Social Security, health, welfare, retirement and other fringe benefits as normally required, and state workers' compensation insurance; (b) costs of materials supplies and equipment, whether incorporated in the Work or consumed, including transportation costs; (c) costs of renting, either from Maintco Corp. or from others, of machinery and equipment other than hand tools; (d) costs of bond and insurance premiums, permit fees and taxes attributable to the change; and (e) costs of additional supervision and field office personnel services necessitated by the change.

Related to SUBSTANTIATION OF ADJUSTMENT

  • Notice of Adjustments Upon the occurrence of each adjustment pursuant to this Section 9, the Company at its expense will promptly compute such adjustment in accordance with the terms of this Warrant and prepare a certificate setting forth such adjustment, including a statement of the adjusted Exercise Price and adjusted number or type of Warrant Shares or other securities issuable upon exercise of this Warrant (as applicable), describing the transactions giving rise to such adjustments and showing in detail the facts upon which such adjustment is based. Upon written request, the Company will promptly deliver a copy of each such certificate to the Holder and to the Company’s Transfer Agent.

  • Certificate of Adjustment The Corporation shall from time to time immediately after the occurrence of any event which requires an adjustment or readjustment as provided in Section 4.1, deliver a certificate of the Corporation to the Warrant Agent specifying the nature of the event requiring the same and the amount of the adjustment or readjustment necessitated thereby and setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based, which certificate shall be supported by a certificate of the Corporation’s Auditors verifying such calculation. The Warrant Agent shall rely, and shall be protected in so doing, upon the certificate of the Corporation or of the Corporation’s Auditor and any other document filed by the Corporation pursuant to this Article 4 for all purposes.

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