Cost of Extra Work definition
Cost of Extra Work means the wages actually paid to and received by such employees; however, for a Directive Letter, all wages actually paid that are in excess of the prevailing wages in the performance of Extra Work shall be subject, on each occasion, to the initial and continuing approval of the Authority in advance of the performance of such Extra Work; plus a proper proportion of
Cost of Extra Work as used in this Article 7.3 shall mean actual costs incurred or to be incurred by Contractor and each Subcontractor regardless of tier involved, to the extent not otherwise disallowed under Article 7.3.3, and shall be limited to the following (to the extent the Contractor demonstrates that the costs are both reasonable and actually incurred, if such costs have been incurred):
Cost of Extra Work as used in this Article shall mean actual costs incurred by the Design-Build Entity and each Subcontractor regardless of tier involved, and shall be limited to the following (to the extent the Design-Build Entity demonstrates that they were actually incurred):
7.3.2.1 Overhead and Profit not to exceed % of the Cost of the Extra Work (not more than % Overhead and _% Profit) and straight time wages or salaries for employees employed at the Project site, or at fabrication sites off the Project site, in the direct performance of the Extra Work.
7.3.2.2 Fringe Benefits and Payroll Taxes for employees employed at the Project site, or at fabrication sites off the Project site, in the direct performance of the Extra Work.
7.3.2.3 Overtime wages or salaries, specifically authorized in writing by the District’s Representative, for employees employed at the Project site, or at fabrication sites off the Project site, in the direct performance of the Extra Work.
7.3.2.4 Fringe Benefits and Payroll Taxes for overtime Work specifically authorized in writing by the District’s Representative, for employees employed at the Project site, or at fabrication sites off the Project site, in the direct performance of the Extra Work.
7.3.2.5 Costs of materials and consumable items which are furnished and incorporated into the Extra Work, as approved by the District’s Representative. Such costs shall be charged at the lowest price available to the Design-Build Entity but in no event shall such costs exceed competitive costs obtainable from other subcontractors, suppliers, manufacturers, and distributors in the area of the Project site. All discounts, rebates, and refunds and all returns from sale of surplus materials and consumable items shall accrue to the District and the Design-Build Entity shall make provisions so that they may be obtained.
7.3.2.6 Sales taxes on the costs of materials and consumable items which are incorporated into and used in the performance of the Extra Work pursuant to Subsection 7.3.2.5 above.
7.3.2.7 Rental charges for necessary machinery and equipment, whether owned or hired, as authorized in writing by the District’s Representative, exclusive of hand tools, used directly in the performance of the Extra Work. Such rental charges shall not exceed the current U.S. Army Corp. of Engineers scheduled charges for the area in which the work is performed. The Design-Build Entity shall attach a copy of said schedule to the Cost Proposal. The charges for any machi...
More Definitions of Cost of Extra Work
Cost of Extra Work is defined in Section 7.3 of the General Conditions.
Cost of Extra Work as used in this Article shall mean actual costs incurred by the Design Build Entity and each Subcontractor regardless of tier involved, and shall be limited to the following (to the extent the Design Build Entity demonstrates that they were actually incurred):
(a) Overhead and Profit not to exceed 15% of the Cost of the Extra Work (not more than 10% Overhead and 5% Profit) and straight time wages or salaries for employees employed at the Project site, or at fabrication sites off the Project site, in the direct performance of the Extra Work.
(b) Fringe Benefits and Payroll Taxes for employees employed at the Project site, or at fabrication sites off the Project site, in the direct performance of the Extra Work.
(c) Overtime wages or salaries, specifically authorized in writing by The City’s Representative, for employees employed at the Project site, or at fabrication sites off the Project site, in the direct performance of the Extra Work.
(d) Fringe Benefits and Payroll Taxes for overtime Work specifically authorized in writing by the City’s Representative, for employees employed at the Project site, or at fabrication sites off the Project site, in the direct performance of the Extra Work.
Cost of Extra Work as used in this Section 7.3 shall mean the Direct Pass-Through Cost of any and all subcontracts, as defined in the Agreement, which costs are actually incurred by the Contractor in completing the Extra Work.