05-28-1985 Council Packet - Laserfiche WebLink

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(14) Cost for purchase and maintenance of roofs, materials, supplies and facilities not consumed during constr►.►ction or incorporated in the work. (5) Contractor's capital expense, including interest on Contractor's capital employed for the work. (6) Overhead or general expenses of anv kind, including but not lim- ited to office or fabrication shop overhead or drafting and printing costs, except as may be expressly included in clause 11.3.3.1a above. (7) Costs due to the negligence of Contractor, any subcontractor, anyone directly or indirectly employed by any of them, or for whose acts any of them may be liable, including but not limited to injury or damage to persons or property, the correction of defective work, dis- posal of materials and equipment wrongly supplied, or making good any damage to property. (8) The cost of any item not specifically and expressly included in the terms described in clause 11.3.3.1a above. 7. Allowances for profit, overhead and nonreimbursable costs shall be computed as follows: a. For the Contractor (1) A minimum of 5% up to a maximum of 15% (the actual rate dependent of the Contractor's performance and assumed risks as determined in the sole discretion of the Owner) of all reimbursable costs defined in clauses 11.3.3.1a (1) through (12) above, and (2) A minimum of 3% up to a maximum of 7% (as determined at the sole reasonable A- -etion of the Owner) for the work of subcontractors supervised a Contractor as computed in accordance with clause 11.3.3. will be allowed on subcontractor work not supervised by the Contractor. (3) For first, second, and other tier subcontractors claiming compen- sation for changed work under clause 11.3.3.1(a) (12), their allow- ances shall be determined at the sole reasonable discretion of the Owner consistent with percentages in subclause (2) directly above. (4) The Owner shall have the right to examine, inspect, copy and audit the books and records of any contractor or subcontractor making claim for reimbursement for costs and allowances hereunder in order to verify the accuracy, correctneRs, completeness :and roperiety of all costs and allowances claimed. - 44 - 1/85 - 8507b Copyright 19RS 6onestroo, RosenP, Andwrlik 4 Associates, Inc.