Common use of Change Order Markup Allowances Clause in Contracts

Change Order Markup Allowances. For scope of work increases that result in change orders increasing the GMP, Trade Contractors shall be entitled to a mark-up of no more than XXX Percent (X%) of the Cost of Work for the change. This mark-up shall include all overhead, profit, impact, lost productivity due to the change or any other costs relating to the change. All lump sum Change Orders shall include any mark-up. These same mark-up percentages shall be applied to deductive change orders. The Construction Manager shall be entitled to a mark-up of no more than XXX Percent (XXX%) on the Cost of Work for any self-performed increases to the scope of work either directly to the University or as a sub-contractor at any tier. The Construction Manager shall be entitled to the Construction Manager’s Overhead and Profit, as defined in Section 4.01.3 and 3.03.4.2, on any change order increasing the GMP and shall provide a corresponding reduction in the Construction Manager’s Overhead and profit for any deductive change orders.

Change Order Markup Allowances. For scope of work increases that result in change orders increasing the GMP, Trade Contractors shall be entitled to a mark-up ▇▇▇▇-up of no more than XXX Percent (X%) base contract fee multiplied by of the Cost of Work for the change. This mark-up ▇▇▇▇-up shall include all overhead, profit, impact, lost productivity due to the change or any other costs relating to the change. All lump sum Change Orders shall include any mark-up▇▇▇▇-up. These same mark-up ▇▇▇▇-up percentages shall be applied to deductive change orders. The Construction Manager shall be entitled to a mark-up ▇▇▇▇-up of no more than XXX Percent (XXX%) on the Cost of Work for any self-performed increases to the scope of work either directly to the University or as a sub-sub- contractor at any tier. The Construction Manager shall be entitled to the Construction Manager’s Overhead and Profit, as defined in Section 4.01.3 and 3.03.4.2, on any change order increasing the GMP and shall provide a corresponding reduction in the Construction Manager’s Overhead and profit for any deductive change orders.