Design-Builder’s Markup on Subcontractor’ Work Sample Clauses

The 'Design-Builder’s Markup on Subcontractor’s Work' clause defines the percentage or amount that the design-builder is entitled to add to the cost of work performed by subcontractors. Typically, this markup covers the design-builder’s overhead, profit, and sometimes administrative costs associated with managing subcontracted work. For example, if a subcontractor charges $100,000 for a portion of the project, the design-builder may add a predetermined markup, such as 10%, to this amount when billing the owner. This clause ensures that the design-builder is compensated for their role in coordinating and overseeing subcontracted tasks, and it provides transparency and predictability in project costing.
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Design-Builder’s Markup on Subcontractor’ Work. The Design-Builder's management markup on the subcontractor's net additional allowable expenditures shall be seven and one half percent. The Design-Builder shall not be permitted the overhead and profit markup on Time Dependent Overhead Costs, but shall be permitted a management markup of five percent on Time Dependent Overhead Costs.
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