Markup Clause Samples
The Markup clause defines the percentage or amount added to the cost of goods or services to determine the final price charged to the client. Typically, this clause specifies how much a contractor or supplier can increase the base cost of materials, labor, or subcontracted work, often as a fixed percentage. Its core practical function is to ensure transparency and agreement on pricing adjustments, preventing disputes over cost escalations and clarifying how final charges are calculated.
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Markup. Contractor shall be reimbursed for materials, equipment or tool rentals, and subcontractors as needed and approved by the County on a Cost Plus percentage markup. Such markup percentage(s) shall be as follows:
Markup. The Contractor shall not bill for, and will be compensated for, any markup fee for technical consultant or subcontractor work. The Contractor shall only bill for, and will only be compensated for, the actual costs incurred by the technical consultant or subcontractor. Any payments made to technical consultants or subcontractors shall be billed and paid through the Contractor.
Markup. No fee or other markup of any kind will be applicable to any premium portion of wages, taxes, or related benefits. In the event of addition or deletion of like items in a change order or change directive, the like item quantity will be summed and the unit prices or the percentage fee will be applied to the total.
Markup. When any or all of a Change Order is added to Work performed by a Sub-subcontractor, Subcontractor shall add 10 percent markup to the first $50,000 of that Work and 7 percent on the balance beyond $50,000. No markup on markup is permitted if a Sub-subcontractor is owned, partially owned, or has a shared profits arrangement with Subcontractor. Markup by Subcontractor for Work performed by crews of Subcontractor (including Job Site overhead, off-site overhead and overhead caused by delay) shall be 15 percent of the direct cost (labor, material and equipment) for the first $50,000 of Work added by a Change Order and 10 percent on the balance beyond $50,000. No deduction for overhead and profit shall be made on a Change Order which results in a net credit to Contractor.
F. The cost to Contractor for changes in the Work shall exclude any Claim of Subcontractor for penalties or damages. Extension of the Contract Time due to a Change Order shall not be the basis for any Claim by Subcontractor to extra compensation.
G. Should Subcontractor fail to keep cost records as required under this agreement for Work done in response to a request for a change in the Work, payments to Subcontractor for any change in the Work shall be based on good faith estimates by Contractor.
H. Should any delay of Subcontractor in submitting a Claim for Extra Work cause a forfeiture by Contractor in a right to make a Claim for Extra Work, the right of Subcontractor to payment on that Claim is similarly forfeit.
I. Any Claim by Subcontractor for Extra Work shall be made with Contractor. Only Contractor has the right to make a Claim with Owner for changes in the Work. No Subcontractor at any Tier shall have the right to file a Claim for Extra Work with Owner.
J. When a change in the Work has been proposed by Contractor, Subcontractor shall halt Work in the area of the proposed change and take steps to minimize any loss or waste which might result from implementing the proposed change.
K. Acceptance by Subcontractor of payment for a Change Order shall constitute a waiver by Subcontractor of all other Claims by Subcontractor based on Work described in the Change Order.
L. No Claim for payment for Extra Work and no claim for additional time to complete the Work shall be recognized under this agreement without a written Change Order or a notice of Claim. Failure by Subcontractor to assert the right to a written Change Order or a Claim within 30 Calendar Days after beginning Work on a change in t...
Markup. Following the determination of each Contractor Grade for each month, any applicable markup amount (in the case of E175 Covered Aircraft) or markup percentage (in the case of CRJ Covered Aircraft), as the case may be, shall be determined pursuant to Schedule 4, and such markup amount shall be paid (in the case of E175 Covered Aircraft) or such markup percentage shall be applied (in the case of CRJ Covered Aircraft) to the Compensation for Carrier Controlled Costs (excluding the rate “per aircraft per month”), as the case may be, as part of the reconciliation process set forth in Section 3.6 (any such payment owed to Contractor by United associated with such markup amount (in the case of E175 Covered Aircraft), together with any such application of markup percentage to Compensation for Carrier Controlled Costs (in the case of CRJ Covered Aircraft), an “Incentive Markup Payment”).
Markup. 4.01 For the rights granted pursuant to the provisions of Paragraphs 2.01-2.04, *
Markup. In the event that City and Contractor are operating under section 3.5.1 Temporary Price Increases for Materials, Contractor will be entitled to a 7% markup on invoices submitted in compliance with sections 3.5.1 through 3.5.
Markup. 4.01 For the rights granted pursuant to the provisions of Paragraphs 2.01-2.04, Roche agrees to pay Agouron and JT an amount equal to * on the aggregate FBMC of Compound manufactured by Roche and Product formulated by Roche. Roche shall account for and pay any amounts due pursuant to the provisions of this Paragraph 4.01 because of the manufacture of Compound and/or formulation of Product by Roche in a calendar quarter in accordance with written instructions provided by Agouron and JT; such payments shall be included, if possible, with any royalty payments due Agouron and JT for such calendar quarter pursuant to the provisions of Section 5.02(f) of the Agreement. The audit and payment terms agreed upon by the parties for the audit of Agouron's FBMC as set forth in Section 4.04(c) of the Agreement and the payment of royalties as set forth in Section 5.02(f) of the Agreement shall be applied MUTATIS MUTANDIS to the calculation of Roche's FBMC and the payment of any amounts due Agouron and JT. Notwithstanding the preceding, Roche may calculate and initially pay the amount of quarterly payments due pursuant to the provisions of this Paragraph 4.01 using an estimated standard cost for Compound and/or Product; to the extent that there is a difference in the estimated standard cost and actual cost for Compound and/or Product during a calendar year Roche shall recalculate the aggregate amount due for such calendar year and the parties shall settle any difference in amount due by adjusting the amount of royalty and other payments due for the calendar quarter ending December 31st of the applicable calendar year.
Markup. For each * and for Contractor's entire United Express operations, except as specified herein, Contractor's * shall be measured with respect to each of the *. For purposes of determining Contractor's actual *, Contractor shall only be held accountable (*) *. To establish the * to be applied hereunder, add together *. United agrees to meet and work with Contractor in an attempt to find solutions to remedy any failure by Contractor to meet * under this Agreement for the other * to the extent it is caused by non-Contractor Ground Handling Providers who provide Contractor's ground handling services at Contractor Locations.
Markup. Markup will remain fixed for the duration of this Agreement. Markup will be applied only to Carrier Controlled Costs (excluding aircraft ownership).
a. Operating goals will be set consistent with the methodology outlined in Article VIII.C.
