Subcontractor Markups Sample Clauses

Subcontractor Markups a) The aggregate of all mark-ups for added Work amounts, regardless of the number of tiers of Subcontractors used, must not exceed b) Fifteen (15) percent for Labor; c) Fifteen (15) percent for Materials, Equipment, Construction Equipment and services. d) Mark-ups are subject to proof of entitlement based on actual job costs, actual job experience, the Subcontractor’s bidding data, and industry custom and practice. e) Calculations of the Design-Builder’s allowable 5 percent mark-up of the Subcontractor’s Work shall not include the Subcontractor’s allowable mark-up. Compounding of mark-up is not allowed.