Common use of Non-Pre-Priced Items Clause in Contracts

Non-Pre-Priced Items. For JOC to secure Work, JOC shall reach an agreement with City with regard to the reasonable and necessary cost of labor and materials to perform the Work. The agreed upon combined cost of labor and materials shall be increased by a maximum no greater than twelve percent (12%) to cover JOC’s overhead and profit. Then, to arrive at the maximum amount to be paid by City to JOC for Non-Pre-Priced items under an issued Job Order, JOC shall price out the Non-Pre-Priced items of the Work and submit its pricing, along with all supporting documentation, reflecting JOC’s truthful and anticipated costs for the Non-Pre-Priced Items of the Work. Upon receipt of JOC’s pricing and supporting documentation, City shall review JOC’s submitted pricing and, if City so elects, negotiate JOC’s submitted pricing, request additional supporting documentation regarding JOC’s pricing or accept JOC’s pricing for the Non-Pre-Priced Items of the Work. JOC acknowledges its submitted pricing to City for Non-Pre-Priced Items shall remain valid for sixty

Non-Pre-Priced Items. For JOC to secure Work, JOC shall reach an agreement with City with regard to the reasonable and necessary cost of labor and materials to perform the Work. The agreed upon combined cost of labor and materials shall be increased by a maximum no greater than twelve percent (12%) to cover JOC’s overhead and profit. Then, to arrive at the maximum amount to be paid by City to JOC for Non-Pre-Priced items under an issued Job Order, JOC shall price out the Non-Pre-Priced items of the Work and submit its pricing, along with all supporting documentation, reflecting JOC’s truthful and anticipated costs for the Non-Pre-Priced Items of the Work. Upon receipt of JOC’s pricing and supporting documentation, City shall review JOC’s submitted pricing and, if City so elects, negotiate JOC’s submitted pricing, request additional supporting documentation regarding JOC’s pricing or accept JOC’s pricing for the Non-Pre-Priced Items of the Work. JOC acknowledges its submitted pricing to City for Non-Pre-Priced Items shall remain valid for sixtysixty (60) days from the date JOC submits it’s pricing to City. This sixty (60) day time may be extended by written mutual agreement between City and JOC.