Small Tools. Include items such as shovels, picks, ▇▇▇▇▇, ladders, and power tools which are expected to be utilized on a project. Trade related equipment, hand tools, and power tools normally supplied with the labor or are normally expected to be owned in the performance of the typical work for a trade are not compensable. These costs shall not be approved as part of the Direct Cost of a Change Order as they are included in the Subcontractor’s overhead mark-up percentage. 13.9 The amount of compensation to be paid for any Additional or Deleted Work performed by a Subcontractor or a Sub-subcontractor that results in a Change Order shall be determined as follows:
Appears in 2 contracts
Sources: Standard Form of Agreement Between Owner and Construction Manager at Risk (Cmr) for Guaranteed Maximum Price (Gmp), Standard Form of Agreement Between Owner and Construction Manager at Risk (Cmr) for Guaranteed Maximum Price (Gmp)
Small Tools. Include items such as shovels, picks, ▇▇▇▇▇, ladders, and power tools which are expected to be utilized on a project. Trade related equipment, hand tools, and power tools normally supplied with the labor or are normally expected to be owned in the performance of the typical work for a trade are not compensable. These costs shall not be approved as part of the Direct Cost of a Change Order as they are included in the Subcontractor’s overhead mark-up ▇▇▇▇-up percentage.
13.9 The amount of compensation to be paid for any Additional or Deleted Work performed by a Subcontractor or a Sub-subcontractor that results in a Change Order shall be determined as follows:
Appears in 1 contract
Sources: Guaranteed Maximum Price Amendment