Common use of Mark-up Clause in Contracts

Mark-up. (a) Project Co is not entitled to any mark-up for profit, overhead or otherwise, due to an increase in any Taxes included in the Cost of the Work. Project Co shall be entitled to claim for the increase in cost equal to the amount of such included Tax on the uncompleted Cost of the Work. Owner will be entitled to withhold payment to Project Co of a sum equal to the amount of any reduction in such included Tax on the uncompleted portion of the Work, only if the Owner has not already benefited from said reduction in such included Tax by a decrease in the Guaranteed Price in accordance with Section 30.2.