Agenda - Council - 08/23/2016 - Laserfiche WebLink

Home

correction of defective Work,disposal of allowances, and no demand for materials or equipment wrongly supplied, additional payment on account of and making good any damage to any of the foregoing will be valid. property. C. Contingency Allowance 5. Other overhead or general expense costs of any kind and the costs of any item not 1. Contractor agrees that a contingency specifically and expressly included in allowance, if any, is for the sole use of Paragraphs I LOLA and 11.01.13. Owner to cover unanticipated costs. C. Contractor's Fee: When all the Work is D. Prior to final payment,an appropriate Change performed on the basis of cost-plus, Order will be issued as recommended by Contractor's fee shall be determined as set Engineer to reflect actual amounts due forth in the Agreement. When the value of Contractor on account of Work covered by any Work covered by a Change Order or allowances, and the Contract Price shall be when a Claim for an adjustment in Contract correspondingly adjusted. Price is determined on the basis of Cost of the Work,Contractor's fee shall be determined as 11.03 Unit Price Work set forth in Paragraph 12.0I.C. A. Where the Contract Documents provide that D. Documentation: Whenever the Cost of the all or part of the Work is to be Unit Price Work for any purpose is to be determined Work, initially the Contract Price will be pursuant to Paragraphs 11.0 LA and 11.01.13, deemed to include for all Unit Price Work an Contractor will establish and maintain records amount equal to the sum of the unit price for thereof in accordance with generally accepted each separately identified item of Unit Price accounting practices and submit in a form Work times the estimated quantity of each acceptable to Engineer an itemized cost item as indicated in the Agreement. breakdown together with supporting data. B. The estimated quantities of items of Unit 11.02 Allowances Price Work are not guaranteed and are solely for the purpose of comparison of Bids and A. It is understood that Contractor has included determining an initial Contract Price. in the Contract Price all allowances so named Determinations of the actual quantities and in the Contract Documents and shall cause the classifications of Unit Price Work performed Work so covered to be performed for such by Contractor will be made by Engineer sums and by such persons or entities as may subject to the provisions of Paragraph 9.07. be acceptable to Owner and Engineer. C. Each unit price will be deemed to include an B. Cash Allowances amount considered by Contractor to be adequate to cover Contractor's overhead and 1. Contractor agrees that: profit for each separately identified item. a. the cash allowances include the cost D. Owner or Contractor may make a Claim for to Contractor (less any applicable an adjustment in the Contract Price in trade discounts) of materials and accordance with Paragraph 10.05 if: equipment required by the allowances to be delivered at the I_ the quantity of any item of Unit Price Site,and all applicable taxes;and Work performed by Contractor differs materially and significantly from the b. Contractor's costs for unloading and estimated quantity of such item indicated handling on the Site, labor, in the Agreement;and installation, overhead, profit, and other expenses contemplated for the 2. there is no corresponding adjustment cash allowances have been included with respect any other item of Work;and in the Contract Price and not in the Standard General Conditions 00 72 00-35