Non-Pre-Priced Markup Clause Samples
The Non-Pre-Priced Markup clause defines how additional costs are calculated for goods or services that were not included in the original pricing agreement. Typically, this clause specifies a percentage or formula that will be applied to the supplier's actual cost for these unpriced items, ensuring both parties understand how such costs will be handled. Its core function is to provide a transparent and agreed-upon method for pricing unforeseen or extra items, thereby preventing disputes and ensuring fair compensation for the supplier.
Non-Pre-Priced Markup. If the material being utilized for a project cannot be found in the RS Means Price Book, what is your materials markup? Remember that this is a ceiling markup. You may markup a lesser percentage, but not a greater percentage.