Common use of Markups for Changes Clause in Contracts

Markups for Changes. If the Contract Price requires an adjustment due to changes in the Work, or for any other purpose, including Claims, and a lump sum is not agreed upon, the following markups shall be allowed on such adjustments as an allowance for all combined overhead, profit and other costs, including all office, home office and site overhead (including project manager, project engineer, and superintendent, except for pre-agreed extra work they perform caused by acceleration or an extension in the Contract Time), taxes (except for sales tax), safety costs, and delay and impact costs of any kind, added to the total cost to Owner of any Change Order, Work Change Directive, Claim or any other claim of any kind on this Project: 6.2.1 Design-Builder shall receive percent ( %) of fixed-price costs or percent ( %) of the time-and-material costs of any materials supplied and/or work properly performed by Design-Builder's own forces. 6.2.2 Design-Builder shall receive percent ( %) of fixed-price costs or percent ( %) of the time-and-material costs owed directly to a Subcontractor for materials supplied and/or Work properly performed by that Subcontractor or owed directly to a Design Consultant for services it properly performs. 6.2.3 Each "lump-sum" Subcontractor of any tier shall receive _ percent ( %) of fixed-price costs or percent ( _%) of the time-and-material costs of any 6.2.4 Each "lump-sum" Subcontractor of any tier shall receive _ percent ( %) of fixed-price costs or percent (%) of the time-and-material costs owed directly to a lower- tier "lump-sum" Subcontractor for materials supplied and/or Work properly performed by that Subcontractor. 6.2.5 The total summed ▇▇▇▇-up of Design-Builder and all Subcontractors of any tier shall not exceed _ percent ( %).

Markups for Changes. If the Contract Price requires an adjustment due to changes in the Work, or for any other purpose, including Claims, and a lump sum is not agreed upon, the following markups shall be allowed on such adjustments as an allowance for all combined overhead, profit and other costs, including all office, home office and site overhead (including project manager, project engineer, and superintendent, except for pre-agreed extra work they perform caused by acceleration or an extension in the Contract Time), taxes (except for sales tax), safety costs, and delay and impact costs of any kind, added to the total cost to Owner of any Change Order, Work Change Directive, Claim or any other claim of any kind on this Project:: (Insert applicable markups) 6.2.1 Design-Builder shall receive percent ( %) 15% of fixed-price costs or percent ( %) 10% of the time-and-material costs of any materials supplied and/or work properly performed by Design-Builder's own forces. 6.2.2 Design-Builder shall receive percent ( %) 8% of fixed-price costs or percent ( %) 6% of the time-and-material costs owed directly to a Subcontractor for materials supplied and/or Work properly performed by that Subcontractor or owed directly to a Design Consultant for services it properly performs. 6.2.3 Each "lump-sum" Subcontractor of any tier shall receive _ percent ( %) 15% of fixed-price costs or percent ( _%) 10% of the time-and-material costs of anyany materials properly supplied and/or Work properly performed by its own forces. 6.2.4 Each "lump-sum" Subcontractor of any tier shall receive _ percent ( %) 8% of fixed-price costs or percent (%) 6% of the time-and-material costs owed directly to a lower- lower-tier "lump-sum" Subcontractor for materials supplied and/or Work properly performed by that Subcontractor. 6.2.5 The total summed ▇▇▇▇-up of Design-Builder and all Subcontractors of any tier shall not exceed _ percent ( 31%).