Common use of WORK BY CONTRACTOR Clause in Contracts

WORK BY CONTRACTOR. Replace the entire paragraph with the following: The following percentages shall be added to the Contractor’s costs and shall constitute the markup for overhead and profit, and all other costs not specifically provided for on work performed by the Contractor: Labor 20% Materials 15% Equipment Rental 15% Other Items and Expenditures 15% The Labor markup shall be applied to the total costs established in 7-4.2.1. To the sum of the costs and markups provided for in this subsection, 1 percent shall be added as compensation for bonding.

WORK BY CONTRACTOR. Replace the entire paragraph with the following: The following percentages shall be added to the Contractor’s costs and shall constitute the markup for overhead and profit, and all other costs not specifically provided for on work performed by the Contractor: Labor 20% Materials 15% Equipment Rental 15% Other Items and Expenditures 15% The Labor markup shall be applied to the total costs established in 7-4.2.1. To the sum of the costs and markups provided for in this subsection, 1 percent shall be added as compensation for bonding.%