Overhead and Profit definition

Overhead and Profit includes all direct and indirect costs of Contractor providing off- site management, supervision and support for the completion of the Work. The Overhead and Profit is restricted to the rates set forth in the Contractor’s submission to the RFP.
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Overhead and Profit means those costs in- curred by you and paid to a General Contractor to perform and oversee covered repairs to the in- sured location. “Overhead and Profit” does not apply to independent or specialty contractors in- cluding, but not limited to, roofers, plumbers, electricians and painters.
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Overhead and Profit. Schedule: One (1) original paper copy and one (1) digital file (compatible with Microsoft Excel) of the OPS in a separate sealed envelope labeled “Overhead and Profit Schedule - CS-388 River Ecosystem Science Support” (See Section V.4.B);  CMD/Local Business Enterprise (LBE) Forms: Please submit two (2) digital copy of these forms on two separate CDs in .pdf format in a separate sealed envelope labeled “CMD/LBE Forms - CS-388 River Ecosystem Science Support” (See Section V.4.A and Section IX.1.c.);  CMD/12B & 12C Form: One (1) hardcopy original and one (1) additional hardcopy of CMD form (Form No. 12B-101) in a separate sealed envelope labeled “CMD/12B Forms - CS-388 River Ecosystem Science Support]” (See Section V.4.A and Section IX.2); and
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Examples of Overhead and Profit in a sentence

  • The contractor will provide three prices to establish the average bare cost for each item and add in the Overhead and Profit (OH/P) based upon the contractors coefficient.

  • Contractor’s Overhead and Profit: Not to exceed 10% of Item (d) if Contractor performed the work.

  • Guaranteed Maximum for Construction Manager’s Overhead and Profit.

  • The Construction Manager will not be due any additional Overhead and Profit on increases in the Guaranteed Maximum Price (GMP) that do not exceed $300,000.00.

  • The Construction Manager's exclusive remedy for any adjustments in the Overhead and Profit for Construction Phase is provided in Article 8.1.3.2 of this Agreement.

  • For services provided during and related to the construction phase and general expenses of any kind as may be expressly included in Article 9 of Section 00700, the percent (%) Overhead and Profit shall be based upon the total of the Total of Div.

  • If the Cost of the Work is increased by change order, the Owner shall pay the Construction Manager the aggregate net cost directly paid by the Construction Manager to subcontractors or suppliers for the performance of the Work and the Construction Manager shall receive Overhead and Profit on such amount, as a percentage as set forth in Exhibit E, and an amount for any increased bond and insurance costs associated therewith.

  • Should the GMP be increased by more than $300,000.00 under the terms of Article 7 of the General Conditions hereinafter due to no fault of the Construction Manager, the Construction Manager’s additional Overhead and Profit for the Construction Phase of that portion of the accumulative increases in the GMP that exceed the GMP by more than $300,000.00 will be the same percent as the Overhead and Profit established in 8.1.3 of this Agreement.

  • For clarification, this includes any Overhead and Profit for the Contractor on this amount.

  • For the purpose of this deduction, staffing expenses shall mean the Direct Salary Rates for all Assigned Employees times the Multiplier for Overhead and Profit.

Related to Overhead and Profit

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Overhead means those amounts which are intended to recover a proportion of the Supplier’s or the Key Sub-Contractor’s (as the context requires) indirect corporate costs (including financing, marketing, advertising, research and development and insurance costs and any fines or penalties) but excluding allowable indirect costs apportioned to facilities and administration in the provision of Supplier Personnel and accordingly included within limb (a) of the definition of “Costs”;

  • Overhead line means any electric supply-line, which is placed above ground and in the open air but excluding live rails of traction system;

  • Overhead costs means the actual costs incurred or the estimated costs to be