Common use of Fixed Pricing Clause in Contracts

Fixed Pricing. If the Owner elects not to utilize unit pricing, or in the event that unit pricing is not available or appropriate as determined by Owner’s Authorized Representative, fixed pricing may be used for Change Order Work. In fixed pricing the basis of payments or total price shall be agreed upon in writing between the parties to the Contract, and shall be established before the Work is done whenever feasible. The mark-ups set forth in Section 4.A.8.c shall be utilized by the parties as a guide in establishing fixed pricing, and will not be exceeded without adequate justification. Detailed cost and price data relating to fixed pricing shall be supplied by Contractor to Owner upon request, but Owner shall be under no obligation to make such requests.