Common use of Pricing Commitment Clause in Contracts

Pricing Commitment. Subcontractor agrees to price the Work performed hereunder for Contractor at maximum rates equivalent to Subcontractor’s cost, plus a maximum 10 percent (10%) margin to Subcontractor, with third party providers of goods and services to Subcontractor engaged by Subcontractor at market rates for the locale in which the Work is being performed (except in the case of goods, if such goods can reasonably be acquired and delivered from outside the such locale at lower than such market rates).