Price Adjustment Clause. If any change orders occur during the modernization or the included maintenance of the project, the cost shall be based on the identified rates below. Base rates for the above contract price are: Labor Rate Including If work in accordance with the Maintenance Specifications is requested by the Owner to be completed on overtime, the Owner will pay only the difference between normal and overtime labor (premium portion) at the hourly rates indicated hereafter: Bonus Time Rate Team Mechanic Helper Double Time: Holiday If work is required outside the scope of this agreement, the Owner will pay for labor at the hourly rates indicated hereafter: Straight Time: Time and Seven / tenths (Add) Team Mechanic Helper Double Time: Holiday In addition, should parts or materials be needed for work outside the scope of this contract, these shall be billed by the Contractor at a maximum of cost plus 10 % under the AIA guidelines. Owner has the right to verify cost through proper documentation by Contractor. NOTICE:
Appears in 2 contracts
Sources: Project Agreement, Project Agreement