Laserfiche WebLink
City of Sunny Isles Beach 18070 Collins Avenue, Sunny Isles Beach, Florida 33160 <br />(305) 947-0606 phone (305) 949-3113 Fax <br />10.3.3.3 By a Cost -Plus Price on total actual costs, plus an added percentage, <br />all 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 and <br />maintenance of small tools and ordinary equipment incidental to and required for the <br />Work shall be just 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 />Subcontractor's profit below, but excluding documented equipment rental costs. <br />(b) Subcontractor's profit may then be added to the above material costs and <br />labor costs including the Overhead allowance at the rate of SEVEN PERCENT (7%) <br />of the sum of those costs, excluding equipment rental costs. <br />(c) Contractor's overhead, including general supervision and the furnishing, use <br />and maintenance of small tools incidental to and required for the Work accomplished <br />by its own direct labor shall be considered to be just and fully compensated for by <br />adding an amount equal to FIVE PERCENT (5%) of the sum of material and labor <br />costs as defined under Material costs and Labor costs below, but excluding equipment <br />rental costs and bond allowance. <br />(d) Contractor's overhead, including general supervision and the furnishing, use <br />and maintenance of small tools and equipment incidental to and required for the <br />Work accomplished by subcontractors shall be considered to be just and fully <br />compensated for by adding an amount equal to FIVE PERCENT (5%) of the sum of <br />material and labor costs as defined under Material costs and Labor costs below, but <br />excluding equipment rental costs and bond allowance. <br />(e) Contractor's RLofit may then be added into the above material costs and labor <br />costs, including the Overhead allowance at the rate of SEVEN PERCENT (7%) of <br />the sum of those costs, excluding equipment rental costs. <br />10.3.3.5 Bond Allowance: For maintaining the Public Construction Bond at <br />100% of the Contract Price, a sum of ONE PERCENT (I%) of the total cost of the <br />change (including material, labor, overhead and profit, and equipment rental) shall <br />be allowed on all change orders. <br />10.3.3.6 Material costs actually recorded by the Contractor and the subcontractor <br />as materials are delivered to the site and, as evidenced from originally receipted <br />invoices, listing appropriate quantities and unit prices. Records in proper form shall <br />be maintained and made available to the City's Representative and the City at all <br />times. <br />Material costs shall be at actual cost inclusive of conduit, couplers, elbows, glue, end caps, <br />pull string / tape, and delivery charges based on the Consumer Pricing Index (CPI) effective <br />August 1, 2021. The parties agree that a subsequent evaluation of material costs will be <br />accomplished every sixty (60) days after the issuance of the Notice to Proceed to assess <br />EYD 26 <br />