Lump Sum Proposal Sample Clauses

Lump Sum Proposal. Prior to performing any work, the Contractor will within ten (10) days after receipt of the Owner's or Construction Manager’s communication submit its Lump Sum Proposal. This Proposal will be itemized and segregated by labor and material for the various components of the Work. No aggregate labor total will be acceptable. The Contractor will furnish with its Proposal supporting data consisting of subcontractors' and vendors' signed proposals. The Contractor will be allowed a maximum xxxx-up of 15% for overhead and profit on labor performed by its own forces and material purchases. Subcontractors, likewise, will be permitted a maximum xxxx-up of 15% for overhead and profit on labor performed by their own forces and material purchases. The Contractor will be further allowed a maximum xxxx-up of: (a) 6% on all of its subcontractors' Work; and (b) 6% on equipment rented by the Contractor or subcontractor. In no case shall the aggregate xxxx-up for the Contractor and all of its tiered Subcontractors exceed 21% of the actual cost of the extra Work. A wholly owned subsidiary, sister, joint venture, related companies or a company in which the Contractor has a majority interest will not be considered as Subcontractor when calculating overhead and profit xxxx- ups. The Contractor may include in its labor proposal only those workmen and foremen directly involved in the Work. All other supervision is included in the 15% overhead and profit xxxx-up
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Lump Sum Proposal. If the District elects to have the Change in the Work performed on a lump sum basis, such election shall be based on a lump sum proposal which shall be submitted by the Contractor within ten (10) calendar days of the District’s request therefor. Request for a lump sum proposal shall not be deemed an election to have the work performed on a lump sum basis. The Contractor’s proposal shall be itemized and segregated by labor and materials for the various components of the change (no aggregate labor total will be acceptable) and shall be accompanied by signed proposals of any subcontractors which will perform any portion of the change, and of any persons who will furnish materials or equipment for incorporation therein. The proposal shall also include the contractor’s estimate of the time required to perform said changes or additional work. The portion of the proposal relating to labor, whether by the Contractor’s forces or the forces of any of its Subcontractors, may include reasonably anticipated gross wages of Job Site labor, including foremen, who will be directly involved in the Change in the Work (for such time as they will be so involved), plus payroll costs (including premium costs of overtime labor, if overtime is anticipated, Social Security, federal or State unemployment insurance taxes and fringe benefits required by collective bargaining agreements entered into by the Contractor or any Subcontractor in connection with such labor) and up to fifteen percent (15%) of such anticipated gross wages, but not payroll costs, as field and home office overhead, and profit for the Contractor or any Subcontractor, as applicable (said overhead and profit to include all supervision except foremen). But in no case will the aggregate mark-up for the Contractor and Subcontractor total more than 15% of the direct material costs, and 5% of the equipment rental costs, as defined above. These costs shall not include charges for listed equipment or major tools with a new cost of $500.00 or less. No time charges shall be allowed except for equipment actually used for the proper and efficient performance or completion of the authorized change in the Work. The portion of the proposal relating to materials may include the reasonably anticipated direct costs to the Contractor or its Subcontractors for materials to be purchased for incorporation in the Change in the Work, plus transportation and applicable sales or use taxes and up to fifteen percent (15%) of said direct mate...
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Lump Sum Proposal. OR State Cost $ Nothing herein shall in any way be construed to relieve the Utility Owner from its liability, if any, for payment of a portion of these costs pursuant to 69 O.S. 2001 § 1205, as amended.
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Lump Sum Proposal. The Contractor will within ten (10) days after receipt of the Owner's communication submit his Lump Sum Proposal. This Proposal will be itemized and segregated by labor and material for the various components of the work. No aggregate labor total will be acceptable. The Contractor will furnish with his Proposal supporting data consisting of Subcontractor's and vendor's signed proposals. The Contractor will be allowed 15% for overhead and profit on labor performed by his own forces and material purchases. Subcontractors, likewise, will be permitted an allowance of 15% for overhead and profit on their own work. The Contractor will be further allowed a 6% commission on all of his subcontractor's work, 6% overhead and profit will be allowed on equipment rented by the Contractor or subcontractor. The Contractor may include in his labor proposal only those workmen and foremen directly involved in the work. All other supervision is included in the 15% overhead and profit allowed. Contractor will be entitled to payment for labor, union fringe benefits, insurance. unemployment insurance, soda security and taxes paid on labor. No overhead or profit will be allowed on social security, unemployment insurance or other insurances or premium time. Contractor's material costs xxxx include invoiced costs, transportation, applicable sales or use taxes, actual rental costs or discounted local published rental rates. Use o~ small tools is included in the Contractors's overhead and profit. Overhead and profit as outlined above includes all other costs whatsoever beyond those enumerated. if any of the extra work included in the Lump Sum Proposal is covered by Contract Unit Prices, the Owner may elect to use these unit prices within the Lump Sum Proposal. No overhead and profit may be applied to these unit prices. The entire value of the change will be the net difference of the work to which will be applied overhead and profit percentages.
Sample 1
Lump Sum Proposal. Upon the Owner 's request, the Contractor will, with reasonable promptness after such request, transmit to the Owner a lump sum proposal detailing the proposed adjustments to the Contract Sum in connection with any change in the Work requested by the Owner. The proposal shall be itemized and segregated by labor and material (including consumables such as utilities and items required to be furnished pursuant to union contracts) for the various components of the changes in the Work and no aggregate figures for labor or material will be accepted. The Contractor shall furnish, with Contractor's lump sum proposal, supporting data consisting of final proposals from each Subcontractor, Sub-subcontractor and vendor. Only labor, materials, utilities, supervision and supplies directly attributable to the change in the Work shall be included in the proposal;
Sample 1

Related to Lump Sum Proposal

  • Termination After Change in Control Sections 9.2 and 9.3 set out provisions applicable to certain circumstances in which the Term may be terminated after Change in Control.

  • Prior to a Change in Control If the Final Measurement Date occurs prior to a Change in Control, the Award will be settled in shares of Tyson Class A common stock no later than sixty (60) days after the Final Measurement Date; provided, however, that if the 60-day period for execution and non-revocation of a Release pursuant to Section 3.3 above will span two (2) calendar years, then the settlement of the Award will occur as soon as practicable after, but no earlier than, the first (1st) day of the second (2nd) calendar year.

  • Termination After a Change in Control You will receive Severance Benefits under this Agreement if, during the Term of this Agreement and after a Change in Control has occurred, your employment is terminated by the Company without Cause (other than on account of your Disability or death) or you resign for Good Reason.

  • Termination After Change of Control In the event that, before the expiration of the TERM and in connection with or within one year of a CHANGE OF CONTROL (as defined hereinafter) of either one of the EMPLOYERS, the employment of the EMPLOYEE is terminated for any reason other than JUST CAUSE or is terminated by the EMPLOYEE as provided in Section 4(a)(ii) above, then the following shall occur:

  • Selection of Reviewing Party; Change in Control If there has not been a Change in Control, any Reviewing Party shall be selected by the Board of Directors, and if there has been such a Change in Control (other than a Change in Control which has been approved by a majority of the Company's Board of Directors who were directors immediately prior to such Change in Control), any Reviewing Party with respect to all matters thereafter arising concerning the rights of Indemnitee to indemnification of Expenses under this Agreement or any other agreement or under the Company's Certificate of Incorporation or Bylaws as now or hereafter in effect, or under any other applicable law, if desired by Indemnitee, shall be Independent Legal Counsel selected by Indemnitee and approved by the Company (which approval shall not be unreasonably withheld). Such counsel, among other things, shall render its written opinion to the Company and Indemnitee as to whether and to what extent Indemnitee would be entitled to be indemnified hereunder under applicable law and the Company agrees to abide by such opinion. The Company agrees to pay the reasonable fees of the Independent Legal Counsel referred to above and to indemnify fully such counsel against any and all expenses (including attorneys' fees), claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto. Notwithstanding any other provision of this Agreement, the Company shall not be required to pay Expenses of more than one Independent Legal Counsel in connection with all matters concerning a single Indemnitee, and such Independent Legal Counsel shall be the Independent Legal Counsel for any or all other Indemnitees unless (i) the employment of separate counsel by one or more Indemnitees has been previously authorized by the Company in writing, or (ii) an Indemnitee shall have provided to the Company a written statement that such Indemnitee has reasonably concluded that there may be a conflict of interest between such Indemnitee and the other Indemnitees with respect to the matters arising under this Agreement.

  • Effective Date of Benefit Termination Medical, dental and life coverage termination will take effect on the first of the month following the loss of eligible employee or dependent status. Disability benefit coverage terminations will take effect on the day following loss of eligible employee status.

  • Termination for Market Change (a) In the event of delay or interruption under B8.33, exceeding 90 days, and Contract has not been modified to include replacement timber, this contract may be terminated upon election and written notice by Purchaser, if (i) a rate redetermination for market change under B3.33 shows that the appraised weighted average Indicated Advertised Rate of all Included Timber remaining immediately prior to the delay or interruption has been reduced through a market change by an amount equal to or more than the the weighted average Current Contract Rate, or (ii) the appraised value of the remaining timber is insufficient to cover the adjusted base rates as determined under B3.33.

  • Deferral Pending Change in Control The obligation of the Company to prepay Notes pursuant to the offers required by subparagraph (b) and accepted in accordance with subparagraph (d) of this Section 8.7 is subject to the occurrence of the Change in Control in respect of which such offers and acceptances shall have been made. In the event that such Change in Control does not occur on the Proposed Prepayment Date in respect thereof, the prepayment shall be deferred until and shall be made on the date on which such Change in Control occurs. The Company shall keep each holder of Notes reasonably and timely informed of (i) any such deferral of the date of prepayment, (ii) the date on which such Change in Control and the prepayment are expected to occur, and (iii) any determination by the Company that efforts to effect such Change in Control have ceased or been abandoned (in which case the offers and acceptances made pursuant to this Section 8.7 in respect of such Change in Control shall be deemed rescinded).

  • Termination Following Change in Control If a Change in Control shall have occurred during the term of this Agreement, the Executive shall be entitled to the benefits provided in subsection 4(d) unless such termination is (A) because of the Executive's death or Retirement, (B) by the Company for Cause or Disability, or (C) by the Executive other than for Good Reason.

  • T ermination In the event that either party seeks to terminate this DPA, they may do so by mutual written consent and as long as any service agreement or terms of service, to the extent one exists, has lapsed or has been terminated. The LEA may terminate this DPA and any service agreement or contract with the Provider if the Provider breaches any terms of this DPA.

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