PRICING FOR CHANGED WORK Clause Samples

PRICING FOR CHANGED WORK. 12.3.1 GLWA shall, at all times, have the right to order changes in the Work to be performed on the basis of (i) a Lump Sum Proposal as provided in Section 12.3.3; (ii) a Unit Price Basis as provided in Section 12.3.4 below; or (iii) Actual Cost of the Changes, plus a fee to the Contractor for overhead and profit, as provided in Section 12.3.5 below. The Contractor warrants that all costs in proposals and claims for adjustments in Contract Price shall not exceed those allowed under the Contract Documents, and that proposals and claims for adjustments to Contract Price shall grant prices, terms and warranties comparable to or better than prices, terms and warranties offered to others for similar work. 12.3.2 Credits for deductions from the Work shall be determined on the same basis as charges for additions to the Work except that a reasonable amount shall be deducted for overhead and profit in the case of deletions from the Work and the affected Subcontractor shall be allowed any restocking or material and equipment cancellation charges payable to suppliers and vendors for the purpose of computing the credit resulting from deductions from the Work.