Common use of General Conditions Costs Clause in Contracts

General Conditions Costs. “Exhibit B”, attached hereto, itemizes General Conditions Costs that shall be allowed for the Project, and identifies items that are tax exempt, as stated below. Note: Travel and subsistence expenses incurred by the Construction Manager’s personnel while traveling away from the Project Site in discharge of duties connected with the Work are reimbursable to the extent that they are previously authorized in writing by the Owner and executed in accordance with the Owner’s “AEC Reimbursement Expense Guidelines” (available at xxxxx://xxxxx.xxxxx.xxx/xxx.xxxxx/guidelines/Professional-Services-Reimbursement- Expense-Guidelines.pdf), and in no case shall any reimbursement include markup or exceed the limits set forth therein. Only purchases of tangible personal property are tax exempt for the Project. “Exhibit C”, attached hereto for the Construction Manager’s use, includes a completed Sales and Use Tax Certificate of Exemption (Michigan Dept. of Treasury Form 3372) and a letter of authorization from the IRS (as required by Form 3372). At Substantial Completion, the Construction Manager shall provide a memorandum clearly stating which tangible personal property items have been consumed over the course of the project and which tangible personal property items have not been consumed and are to be turned over to the Owner.

Appears in 10 contracts

Samples: umaec.umich.edu, umaec.umich.edu, umaec.umich.edu

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