Common use of Compensation for Change Orders Clause in Contracts

Compensation for Change Orders. For change orders directed by Design Professional to be performed by the General Contractor on a time and materials basis, the General Contractor shall be reimbursed the actual incurred cost and expense plus a markup of four percent (4%) for the change order Work performed by its forces. When additional Work by the General Contractor’s subcontractors and suppliers is required and approved, the General Contractor shall be reimbursed the actual incurred costs and expenses paid to those subcontractors and suppliers, plus an aggregate markup including subcontractors and sub-subcontractors of fifteen percent (15%). If the General Contractor disputes a change order decision, it must give the Owner’s Project Representative its written notice of dispute, including the reasons therefore, within three (3) calendar days of the disputed decision.

Compensation for Change Orders. For change orders directed by Design Professional to be performed by the General Contractor on a time and materials basis, the General Contractor shall be reimbursed the actual incurred cost and expense plus a markup of four percent (4%) for the change order Work performed by its forces. When additional Work by the General Contractor’s subcontractors and suppliers is required and approved, the General Contractor shall be reimbursed the actual incurred costs and expenses paid to those subcontractors and suppliers, plus an aggregate markup including subcontractors and sub-subcontractors of fifteen percent (15%). If the General Contractor disputes a change order decision, it must give the Owner’s Project Representative its written notice of dispute, including the reasons therefore, within three (3) calendar days of the disputed decision.

Compensation for Change Orders. For change orders directed by Design Professional Change Orders to be performed by the General Contractor on a time and materials basis, the General Contractor shall be reimbursed the actual incurred cost and expense plus a markup of four percent (4%) for the change order Work performed by its forces. When additional Work by the General Contractor’s subcontractors and suppliers is required and approved, the General Contractor shall be reimbursed the actual incurred costs and expenses paid to those subcontractors and suppliers, plus an aggregate markup including subcontractors and sub-subcontractors of fifteen percent (15%). If the General Contractor disputes a change order decision, it must give the Owner’s Project Representative its written notice of dispute, including the reasons therefore, within three (3) calendar days of the disputed decision.