Markup on Trade Work Sample Clauses

Markup on Trade Work. The maximum markup for change order work shall be as follows: 8.6.1.1 For Work performed by a Subcontractor with its own forces, the Subcontractor shall be entitled to a mark-up of not more than five percent (5%) (covering home office overhead, the cost of insurance and bonds, field supervision, general conditions and profit) on the Direct Costs of the Work. For Work that the Department permits the Design-Builder to self-perform, the Design- Builder shall also be entitled to a markup of not more than five percent (5%) of the Direct Cost of the Work. With regard to any such Work that is self-performed by the Design-Builder, the markup contemplated in this Section shall be the Design-Builder’s exclusive compensation and it shall not be entitled to the markup contemplated in Section 8.6.1.3; 8.6.1.2 Intervening tier Subcontractors shall be entitled to a markup of two percent (2%) (covering home office overhead, the cost of insurance and bonds, field supervision, general conditions and profit) on Work performed by lower-tier Subcontractors; 8.6.1.3 In no event shall the maximum mark-up on the Direct Cost of the Work exceed five percent (5%). Direct Cost of the Work shall mean labor, material and other costs reasonably and necessarily incurred in the proper performance of the Work as approved by the Department and shall include, but not be limited to: (Direct Cost of the Work does not, however, include home office overhead, field supervision, general conditions or profit of either the Subcontractor or the Design-Builder. No personnel above the level of a working ▇▇▇▇▇▇▇ shall be considered a Direct Cost of the Work).

Markup on Trade Work. The maximum markup for change order work shall be as follows:

Markup on Trade Work. The maximum markup for change order work shall be as follows: 8.6.1.1 For Work performed by a Subcontractor with its own forces, the Subcontractor shall be entitled to a ▇▇▇▇-up of not more than fifteen percent (15%) (covering home office overhead, the cost of insurance and bonds, field supervision, general conditions and profit) on the Direct Costs of the Work. For Work that the Department permits the Design-Builder to self-perform, the Design-Builder shall also be entitled to a markup of not more than fifteen percent (15%) of the Direct Cost of the Work. With regard to any such Work that is self-performed by the Design-Builder, the markup contemplated in this Section shall be the Design-Builder’s exclusive compensation and it shall not be entitled to the markup contemplated in Section 8.6.1.3; 8.6.1.2 Intervening tier Subcontractors shall be entitled to a markup of five percent (5%) (covering home office overhead, the cost of insurance and bonds, field supervision, general conditions and profit) on Work performed by lower-tier Subcontractors; 8.6.1.3 To the extent permitted by Section 8.6, the Design-Builder shall be entitled to an increase in its Design-Build Fee at a rate of 2.7% on work performed by Subcontractors; 8.6.1.4 In no event shall the maximum ▇▇▇▇-up on the Direct Cost of the Work exceed twenty five percent (25%).

Markup on Trade Work. The maximum markup for change order work shall be as follows: 8.6.1.1 For Work performed by a Subcontractor with its own forces, the Subcontractor shall be entitled to a mark-up of not more than five percent (5%) (covering home office overhead, the cost of insurance and bonds, field supervision, general conditions and profit) on the Direct Costs of the Work. For Work that the Department permits the Design-Builder to self-perform, the Design Builder shall also be entitled to a markup of not more than five percent (5%) of the Direct Cost of the Work. 8.6.1.2 Intervening tier Subcontractors shall be entitled to a markup of two percent (2%) (covering home office overhead, the cost of insurance and bonds, field supervision, general conditions and profit) on Work performed by lower-tier Subcontractors; 8.6.1.3 In no event shall the maximum mark-up on the Direct Cost of the Work exceed five percent (5%). Direct Cost of the Work shall mean labor, material and other costs reasonably and necessarily incurred in the proper performance of the Work as approved by the Department and shall include, but not be limited to: (Direct Cost of the Work does not, however, include home office overhead, field supervision, general conditions or profit of either the Subcontractor or the Design-Builder. No personnel above the level of a working ▇▇▇▇▇▇▇ shall be considered a Direct Cost of the Work).