Reso 2026-4001 - Laserfiche WebLink

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Mechanical Cost Data and Electrical Cost Data, latest edition, as published by R.S. Means Company, Inc. Contractor submitted pricing found to be in excess of five (5%) percent above the stated published pricing may be subject to review, however pricing shall not be rejected solely for exceeding R.S. Means benchmarks where Contractor provides supporting documentation such as subcontractor quotations, supplier pricing, or market conditions. If review or approval of Change Order pricing by the City or Architect extends beyond a reasonable review period and results in delay to the progress of the Work, the Contractor shall be entitled to request an equitable extension of the Contract Time and, when applicable, submit a delay claim for additional costs incurred as a result of such delay. 10.3.3. The value of any change ordered under the Contract for extra work or any reductions in work required, shall be determined under one or more of the following procedures before a written change order is issued. 10.3.3.1. By Unit Price named in the contract or subsequently agreed upon by the City and the Contractor, which prices shall include Contractor's overhead and profit. 10.3.3.2. By Lump Sum Price agreed upon by the City and the Contractor, which price.shall include overhead and profit. A breakdown of the estimated costs comprising the lump sum price may be required by the Engineer / Architect for review. Percentage for overhead and profit shall be determined in accordance with the method listed described under Overhead and Profit below. 10.3.3.3. By a Cost -Plus -Price on total actual costs, plus an added percentage, all determined as described under Overhead and Profit below. 10.3.3.4 Overhead and Profit (a) Subcontractor's overhead, including supervision and the furnishing, use and maintenance of small tools and ordinary equipment incidental to and required for the Work shall be just and fully compensated for by adding an amount equal to FIVE PERCENT (5%) of the sum of material and labor costs as defined under Subcontractor's profit below, but excluding equipment rental costs. (b) Subcontractor's profit may then be added to the above material costs and labor costs including the Overhead allowance at the rate of FIVE PERCENT (5%) of the sum of those costs, excluding equipment rental costs. (c) Contractor's overhead, including general supervision and the furnishing, use and maintenance of small tools incidental to and required for the Work accomplished by its own direct labor shall be considered to be just and fully compensated for by adding an amount equal to TEN PERCENT (10%) of the sum of material and labor costs as defined under Material costs and Labor costs below, but excluding equipment rental costs and bond allowance. Page 25 of 44