CONTRACT PRICE ELEMENTS Clause Samples
The "Contract Price Elements" clause defines the specific components that make up the total price agreed upon in a contract. It typically outlines which costs are included, such as materials, labor, overhead, taxes, and any additional fees or allowances, and may specify how adjustments to these elements are handled if circumstances change. By clearly itemizing the elements that contribute to the contract price, this clause ensures transparency and helps prevent disputes over what is or is not covered in the agreed price.
CONTRACT PRICE ELEMENTS. The Contract Price Elements within the GMP are as follows:
CONTRACT PRICE ELEMENTS. 9.1 The Contract Price elements are as follows:
A. CONTRACTOR’s Direct Construction Cost (Exhibit 1) $ TBD B. CONTRACTOR’s General Conditions (Exhibit 2) $ TBD C. CONTRACTOR’s Management Services (Exhibit 3) $ TBD D. CONTRACTOR’s Fixed Fee, (not to exceed 4% of A+B+C+H+I+K)* ‡ $ 54,892 E. Document Completion Contingency $ TBD F. CONTRACTOR’s Construction Contingency (Including Early Work) $ TBD G. COUNTY’s Construction Contingency $ TBD H. CONTRACTOR’s Early Construction Work $ TBD I. CONTRACTOR’s Early Construction General Conditions (Exhibit 13) $ TBD J. COUNTY’S Early Work Contingency $ 512,000 *Excluding Subcontracted Management Services ‡ Plus any fee on dollars paid from contingencies upon CA approval
CONTRACT PRICE ELEMENTS