Laserfiche WebLink
' ARTICLE 12 - CHANGE OF CONTRACT PRICE; <br />CHANGE OF CONTRACT TIMES <br />12.01 Change of Contract Price <br />' A. The Contract Price may only be changed by a <br />Change Order or by a Written Amendment. Any Claim for <br />an adjustment in the Contract Price shall be based on written <br />' notice submitted by the party making the Claim to the <br />ENGINEER and the other party to the Contract in accor- <br />dance with the provisions of paragraph 10.05. <br />' B. The value of any Work covered by a Change Order <br />or of any Claim for an adjustment in the Contract Price will <br />be determined as follows: <br />1. where the Work involved is covered by unit <br />prices contained in the Contract Documents, by applica- <br />tion of such unit prices to the quantities of the items <br />involved (subject to the provisions of paragraph 11.03 ); <br />or <br />2. where the Work involved is not covered by unit <br />prices contained in the Contract Documents, by a <br />mutually agreed lump sum (which may include an <br />allowance for overhead and profit not necessarily in <br />accordance with paragraph 12.01.C.2); or <br />3, where the Work involved is not covered by unit <br />prices contained in the Contract Documents and agree- <br />ment to a lump sum is not reached under paragraph <br />12.01.13.2, on the basis of the Cost of the Work <br />(determined as provided in paragraph 11.01) plus a <br />CONTRACTOR's fee for overhead and profit (deter- <br />mined as provided in paragraph 12.01.C). <br />C. CON77ZACTOR's Fee: The CONTRACTOR's fee <br />for overhead and profit shall be determined as follows: <br />' 1. a mutually acceptable fixed fee; or <br />2. if a fixed fee is not agreed upon, then a fee <br />based on the following percentages of the various <br />portions of the Cost of the Work: <br />a. for costs incurred under paragraphs <br />11.0l.A.1 and 11.0l.A.2, the CONTRACTOR's <br />fee shall be 15 percent; <br />b. for costs incurred under paragraph <br />11.0I.A.3, the CONTRACTOR's fee shall be five <br />percent; <br />c. where one or more tiers of subcontracts are <br />on the basis of Cost of the Work plus a fee and no <br />fixed fee is agreed upon, the intent of paragraph <br />12.0l.C.2.a is that the Subcontractor who actually <br />performs the Work, at whatever tier, will be paid <br />a fee of 15 percent of the costs incurred by such <br />Subcontractor under paragraphs 11.01.A.1 and <br />11.0l.A.2 and that any higher tier Subcontractor <br />and CONTRACTOR will each be paid a fee of five <br />percent of the amount paid to the next lower tier <br />Subcontractor; <br />d. no fee shall be payable on the basis of costs <br />itemized under paragraphs 11.01.A.4, 11.0l.A.5, <br />and 11.01.13; <br />e. the amount of credit to be allowed by <br />CONTRACTOR to OWNER for any change which <br />results in a net decrease in cost will be the amount <br />of the actual net decrease.in cost plus a deduction in <br />CONTRACTOR's fee by an amount equal to five <br />percent of such net decrease, and <br />f. when both additions and credits are in- <br />volved in any one change, the adjustment in <br />CONTRACTOR's fee shall be computed on the <br />basis of the net change in accordance with para- <br />graphs 12.0l.C.2.a through 12.0l.C.2.e, inclu- <br />sive. <br />12.02 Change of Contract Times <br />A. The Contract Times (or Milestones) may only be <br />changed by a Change Order or by a Written Amendment. <br />Any Claim for an adjustment in the Contract Times (or <br />Milestones) shall be based on written notice submitted by the <br />party making the claim to the ENGINEER and the other <br />party to the Contract in accordance with the provisions of <br />paragraph 10.05. <br />B. Any adjustment of the Contract Times (or <br />Milestones) covered by a Change Order or of any Claim for <br />an adjustment in the Contract Times (or Milestones) will be <br />determined in accordance with the provisions of this <br />Article 12. <br />12.03 Delays Beyond CONTRACTOR's Control <br />A. Where CONTRACTOR is prevented from <br />completing any part of the Work within the Contract Times <br />(or Milestones) due to delay beyond the control of <br />CONTRACTOR, the Contract Times (or Milestones) will be <br />extended in an amount equal to the time lost due to such <br />delay if a Claim is made therefor as provided in paragraph <br />12.02.A. Delays beyond the control of CONTRACTOR <br />shall include, but not be limited to, acts or neglect by <br />OWNER, acts or neglect of utility owners or other <br />contractors performing other work az� contemplated by <br />1 00700 -33 <br />