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ARTICLE 14 — CHANGE OF CONTRACT PRICE <br />Change of Contract Price, approved by City, shall be computed as follows: <br />14.1 Cost of the Work: The term "Cost of the Work" means the sum of all direct costs <br />necessarily incurred and paid by Contractor in the proper performance of the <br />Work. Except as otherwise may be agreed to in writing by the City, these costs <br />shall be in amounts no higher than those prevailing in the City and shall include <br />only the following items and shall not include any of the costs itemized in <br />Paragraph 14.3: <br />14.1.1 Payroll costs for employees in the direct employ of the Contractor in the <br />performance of the Work under schedules of job classifications agreed <br />upon by the City and the Contractor. Payroll costs for employees not <br />employed full time on the Work shall be apportioned on the basis of their <br />time spent on the Work. Payroll costs shall include, but not be limited to, <br />salaries and wages plus and cost of fringe benefits which shall include <br />social security contributions, unemployment, excise and payroll taxes, <br />worker's compensation, health and retirement benefits, bonuses, sick <br />leave, vacation and applicable holiday pay. <br />14.1.2 Cost of all materials and equipment furnished and incorporated in the <br />Work, including costs of transportation and storage, and required suppliers <br />and field services. All cash discounts, rebates and refunds and all returns <br />from sale of surplus materials and equipment shall accrue to the City, and <br />the Contractor shall make provisions so that they may be obtained. <br />14.1.3 Supplemental costs including the following: <br />14.1.3.1 Cost, including transportation and maintenance of all <br />materials, supplies, equipment, machinery, appliances, office <br />and temporary facilities at the site and hand tools not owned <br />by the workers, which are consumed in the performance of <br />the Work. <br />14.1.3.2 Rentals of all construction equipment and machinery and the <br />parts whether rented from the Contractor or others in <br />accordance with rental agreements approved by the City, <br />and the costs of transporting, loading, unloading, installation, <br />dismantling and removal. The rental of any such equipment, <br />machinery or parts shall cease when the use is no longer <br />necessary for the Work. <br />14.1.3.3 Sales, consumer, use or similar taxes related to the Work <br />and for which the Contractor is liable, imposed by laws and <br />regulations. <br />CAM 20-0192 <br />C-30 EXHIBIT 3 <br />Page 30 of 46 <br />