Changes to the Contract Price Sample Clauses
Changes to the Contract Price. (a) Except as set forth in Section 9.5.3(b), with respect to any Change Order required to be issued to increase the Contract Price as a result of an event described in Section 9.5.1, unless the Parties agree otherwise in writing, such Change Order will, on a retrospective basis, increase the Contract Price by an amount equal to the Direct Costs incurred by Contractor solely in connection with such event, plus a ▇▇▇▇-up. The ▇▇▇▇-up is not to exceed percent ( %) in the aggregate, including all Subcontractor and Contractor ▇▇▇▇-ups solely in connection with such Change.
(b) In no event will Contractor be entitled to payment for Direct Costs hereunder to the extent that such costs would have occurred notwithstanding such event, due to the concurrent fault, actions or omissions of Contractor or its Subcontractors.
(c) For purposes hereof, “Direct Costs” shall mean only the actual, documented costs that are directly incurred by Contractor as a result of the event giving rise to the Change Order for the following items: (i) compensation for labor utilized and in the direct employ of Contractor at the Project Site, at the rates as set forth in Exhibit B-4; (ii) cost of materials and permanent equipment; (iii) payments properly made by Contractor to Subcontractors; (iv) rental charges of necessary machinery and equipment (but excluding hand tools) used at the Project Site;
Changes to the Contract Price. To the extent that the Party requesting the Change reasonably demonstrates that such Change will affect the basis for the Contract Price (taking into consideration implementation of reasonable mitigation of such effect), then System Owner will issue the Change Order including an equitable change in the Contract Price. System Owner shall determine, in its sole discretion, whether such change in the Contract Price shall be based (a)on a lump sum adjustment or (b) on the documented change in Supplier’s actual costs, reasonably incurred, associated with the Change.
Changes to the Contract Price. Effect of data and design clarification Impact of procurement decisions Determining the cost effect of changes
Changes to the Contract Price. Except as set forth in Section 9.5.3(b), with respect to any Change Order required to be issued to increase the Contract Price as a result of an event described in Section 9.5.1, unless the Parties agree otherwise in writing, such Change Order will, on a retrospective basis, increase the Contract Price by an amount equal to the Direct Costs incurred by Contractor solely in connection with such event, plus a ▇▇▇▇-up. The ▇▇▇▇-up is not to exceed ______ percent (__%) in the aggregate, including all Subcontractor and Contractor ▇▇▇▇-ups solely in connection with such Change. In no event will Contractor be entitled to payment for Direct Costs hereunder to the extent that such costs would have occurred notwithstanding such event, due to the concurrent fault, actions or omissions of Contractor or its Subcontractors.
Changes to the Contract Price. Any increase (or decrease, in the context of a Change Order decreasing the amount of Work to be performed) in the Contract Price, if any, resulting from a Change shall be determined and shall be payable by (or due to) Owners as follows:
(i) [***]
(ii) if the Parties do not agree, then until such matter is resolved and the payment for such Change is determined pursuant to Article 27 [***];
Changes to the Contract Price. Within five (5) Business Days of submission of a Change Order Notice under Section 19.2.1, or within ten (10) Business Days after submission of a Change Order Request under Section 19.2.2, the Contractor shall prepare and submit, on an Open Book basis, an analysis of the impact of the Change on the Cost Element for the System, Facility, or Project, as the context may require. Contractor shall supplement this analysis on an Open Book basis with such other information as Owner may reasonably require. The amount of an increase or decrease in the Cost Element and Fee Element, if any, resulting from a Change will be determined and will be included in the Change Order as follows:
19.14.1 in a lump sum amount proposed by Contractor and accepted by Owner; or
19.14.2 if Owner does not accept the lump sum amount proposed by Contractor, by unit prices agreed upon by the Parties; or
19.14.3 if neither of the methods set forth in Sections 19.14.1 or 19.
Changes to the Contract Price as a result of a change in the Work shall be subject to the following limitations:
4.6.2.1 Under no circumstances shall a change in the Work modify the Contract Price unless Owner shall have executed a Change Order or an Owner Directive with respect to such change in the Work.
4.6.2.2 Changes having a cost impact of less than ten thousand dollars ($10,000) shall not be processed as a Change Order unless such changes relate to written proposals and cost estimates requested by Owner as provided in Section 4.6.2.
Changes to the Contract Price. The value of any Work covered by a Change Order or of any request for an adjustment in the Contract Price will be determined as follows:
Changes to the Contract Price. (a) Except as set forth in Section 10.5.3(b), unless the Parties agree otherwise in writing, any Change Order required to be issued to increase the Contract Price as a result of an event described in Section 10.5.1 will increase the Contract Price by an amount equal to the Direct Costs incurred by Company solely in connection with such event. Notwithstanding the foregoing, if Owner submits a Change Order Request pursuant to Section 10.2.1, the Contract Price adjustment, if any, shall be limited to the amount determined in accordance with Section 10.2.1 and shall not include any additional amounts for Company’s Direct Costs.
(b) In no event will Company be entitled to payment for any costs hereunder, including any Direct Costs, to the extent that such costs would have occurred, notwithstanding such event, due to the concurrent fault, actions or omissions of Company or its Subcontractors.
(c) For purposes hereof, “Direct Costs” shall mean only the actual and reasonable out-of-pocket costs that are directly incurred by Company, and supported by documentation reasonably evidencing the amount and incurrence of such costs, as a result of the event giving rise to the Change Order for the following items: (i) compensation for Labor and Equipment utilized and in the direct employ of Company at the Project Site, at the rates as set forth in Company’s Rate Schedule; (ii) cost of materials and permanent equipment; (iii) payments properly made by Company to Subcontractors, service providers, consultants, and suppliers; (iv) rental charges of necessary machinery and equipment (but excluding hand tools) used at the Project Site; (v) Permit fees; and (vi) reasonable costs of mobilization and/or demobilization if the delay related to the event justifying the Change Order exceeds ten (10) continuous Days. Notwithstanding the foregoing, “Direct Costs” shall not include (A) salaries or other compensation (including costs of contributions, assessments, fringe benefits or taxes based on salaries or compensation) of Company’s Personnel at Company’s principal office and branch offices (except as provided in the previous sentence); (B) expenses of Company’s principal and branch offices; (C) Company’s profit, overhead or general expenses of any kind; (D) any replacement, repair or other costs or liabilities arising from any loss of or damage to any equipment, tools or other property owned or used by Company or its Subcontractors; (E) costs to correct or reperform any components of ...