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SECTION 12 <br />CHANGE OF CONTRACT PRICE <br />12.1 CONTRACT PRICE <br />The Contract Price 'itutes the total compensation (subject to authorized <br />adjustments) payable to Contractor for performing the Work. All duties re- <br />sponsibilities and obligations assigned to or undertaken by Contractor 1 <br />be at his expense without c.:_. a in the Contract Price. <br />12.2 CHANGE IN CONTRACT PRICE <br />Er.cept where unit prices form the basis for payment under the Contract Docu- <br />ments, the Contract Price may only be changed by a Change Order. Any claim <br />for an increase it the Contract I Lce shall he based on written notice de- <br />livered to Owner and Engineer w '.hin fifteen days of the occurrence of the <br />event giving rise to the claim. ..atice of the amount of the claim with sup- <br />porting data shall be delivered :thin forty-five days of such occurrence un- <br />leas Engineer allows an additional period of time to ascertain accurate cost <br />data. All ,,Iaine for adjustment in the Contract Price shall be determined by <br />Engineer if (wner and Contractor cannot otherwise agree on the amount in- <br />volved. Any change in the Contract Price resulting from any such claim shall <br />be incorporated in a Change Order. <br />12.3 BASIS OF CHANGE <br />The coat or credit to the Owner resulting from a change in the work shall be <br />determined and mutually agreed 1,i—n in advance of performance of the change in <br />work in one or more of the fo'.•)wing ways: <br />. 12.3.1 By mutual acceptance of a lump sum properly itemized, <br />..s <br />12.3.2 By unit prices stated in the Contract Documents or subsequently 2kreed <br />upon (unit prices shall include an allowance for Contractor's main office ex- <br />pense, overhead, profit and bond), or <br />12.3.3 By actual cost of the changed work, plus an allowance for overhead, <br />' supervision and profit, as defined as follows: <br />1. The "cost of the changed work" shall mean costs necessarily in- <br />curred in the proper performance of the changed work and paid by Con- <br />tractor at rates not higher than the !standard paid in the locality of <br />the work (except with prior consent of the Owner as more specifically <br />defined as follows: <br />a. The cost of the ehvnaed work shall include: <br />l9 <br />35958 <br />4/61 <br />®C <br />