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10.3.3.1 ByUnit Price named in the contract or subsequently agreed upon bythe City <br /> q Y 9 p <br /> and the Contractor, which prices shall include Contractors overhead and profit. <br /> 10.3:3:2 By Lump Sum-.Price agreed-upon by the City€,and:the Contractorywhicn <br /> shall include overhead and profit. A breakdown of the estimated costs comprising the lump <br /> sum price may be required by the Engineer/Architect for review. Percentage for overhead <br /> and profit shall be determined in accordance with the method listed described under <br /> Overhead and Profit below. <br /> 10.3.3.3 By a Cost Plus Price oh total actual costs, plus an added percentage, all <br /> determined as described under Overhead and Profit below. <br /> 10.3.3.4 Overhead and Profit <br /> (a) Subcontractor's overhead, including supervision and the furnishing, use <br /> and maintenance of small tools and ordinary equipment incidental to and <br /> required for the Work shall be just and fully compensated for by adding <br /> an amount equal to FIVE PERCENT (5%) of the sum of material and <br /> labor costs as defined under Subcontractor's profit below, but excluding <br /> equipment rental costs. <br /> (b) Subcontractor's profit may then be added to the above material costs <br /> and labor costs including the Overhead allowance at the rate of SEVEN <br /> PERCENT (7%) of the sum of those costs, excluding equipment rental <br /> costs. <br /> (c) Contractor's overhead, including general supervision and the furnishing, <br /> use and maintenance of small tools incidental to and required for the <br /> Work accomplished by its own direct labor shall be considered to be just <br /> and fully compensated for by adding an amount equal to FIVE <br /> PERCENT (5%) of the sum of material and labor costs as defined under <br /> Material costs and Labor costs below, but excluding equipment rental <br /> costs and bond allowance. <br /> (d) Contractor's overhead, including general supervision and the furnishing, <br /> use and maintenance of small tools and equipment incidental to and <br /> required for the Work accomplished by subcontractors shall be <br /> considered to be just and fully compensated for by adding an amount <br /> equal to FIVE PERCENT (5%) of the sum of material and labor costs as <br /> defined under Material costs and Labor costs below, but excluding <br /> • equipment rental costs and bond allowance. <br /> (e) Contractor'sprofit maythen be added into the above material costs and <br /> labor costs, including the Overhead allowance at the rate of SEVEN <br /> PERCENT (7%) of the sum of those costs, excluding equipment rental <br /> costs. <br /> 10.3.3.5 Bond Allowance: For maintaining the Public Construction Bond at 100% of the <br /> Contract Price, a sum of ONE PERCENT (1%) of the total cost of the change (including <br /> material, labor, overhead and profit, and equipment rental) shall be allowed on all change <br /> orders. <br /> 28 <br />