No Mark Up Clause Samples
The "No Mark Up" clause prohibits a party from adding any additional charges, fees, or profit margins to the actual cost of goods or services provided under the contract. In practice, this means that if a contractor purchases materials or hires subcontractors, they must invoice the client only for the exact amount paid, without inflating the price. This clause ensures transparency in billing and prevents hidden costs, ultimately protecting the client from overpaying and ensuring fair pricing throughout the project.
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No Mark Up. The Engineer shall not be entitled to any mark-up for overhead and profit on payments for Reimbursable Services. All costs and expenses for overhead and/or profit in connection with the provision of Reimbursable Services are deemed included in the Multiplier.
No Mark Up. The Consultant shall not be entitled to any mark-up for overhead and profit on payments for Reimbursable Services hereunder. All costs and expenses for overhead and/or profit in connection with the provision of Reimbursable Services are deemed included in the Design Fee, or, if applicable, the All Inclusive Hourly Rates for Time Card Services.
No Mark Up. The Contractor shall not be entitled to any mark-up whatsoever on payments for subcontracted Work performed by Subcontractors.
No Mark Up. Subcontractor will invoice only for pass-through costs actually incurred, with no mark-up in cost.