Xxxxxxxxx Mark-ups. 1. Unless otherwise expressly provided by the Agreement, the Contractor and subcontractor will be allowed mark-up percentages for overhead and profit for changes in the Work as described below. If the Agreement specifies allowed mark-up percentages for the Contractor, but not for the subcontractors, then the mark-up percentages provided in Section 6.6.E.2 below shall only apply to subcontractors, and the provisions of the Agreement shall control the mark- ups allowed to Contractor. All other provisions of this Section E regarding mark-ups, other than the allowed percentages, will apply to both Contractors and subcontractors, unless the Agreement expressly provides other terms and conditions. The percentage mark-up allowed the Contractor and subcontractor shall cover and compensate Contractor for Contractor’s profit and overhead, which include home and field office expense, home and field office personnel, and all other expenses not embraced in the Method of Compensation defined in Article 6. No separate allowance for overhead shall be allowed. Where the Contractor’s field office must be maintained primarily on account of the change in the Work, the cost to operate and maintain the same shall be included in the Method of Compensation before calculation of allowable markup. On changes involving deleted items, the Owner shall receive credit for overhead and profit on each deleted item.
2. For Work performed by Contractor’s own employees, the maximum allowable mark-up percentage of the actual cost of the Work will be 20% on the first $10,000, 15% on the next $10,000 and 10% on the balance over $20,000; however, the minimum total mark-up shall be not less than $75. If subcontracted Work is involved, the Contractor will include with Contractor’s cost proposal a detailed breakdown for the subcontractor in accordance with the above requirements for the Contractor. For Work performed by a subcontractor’s own employees, the subcontractor will be allowed the same mark-up percentages as provided above for the Contractor. The Contractor will be allowed the following mark-up on subcontracted Work being performed by forces other than Contractor’s own employees: a maximum of 10% on the first $30,000, 7 1/2% on the next $30,000 and 5% on the balance over $60,000; however, the minimum total mark-up shall be not less than $75. For subcontracted Work being performed by forces other than the subcontractor’s own employees (e.g, subcontracted Work being performed by the employee...
