Common use of Markups Clause in Contracts

Markups. Subcontractor shall use markup rates no greater than the following when pricing all change order work: The above markups shall be applied to actual direct costs of the work involved in the change including labor, materials, equipment and subcontracted work. The overhead markup shall include all of Subcontractor’s costs for overhead including small tools, administration, home office support, management support, and all other such costs. There shall be no other markups for indirect costs or fees charged by Subcontractor, unless described in Exhibit “B”.

Markups. Subcontractor shall use markup rates no greater than the following when pricing all change order work: Contract specification and regulation for change order supersedes 6.5 The above markups shall be applied to actual direct costs of the work involved in the change including labor, materials, equipment and subcontracted work. The overhead markup shall include all of Subcontractor’s costs for overhead including small tools, administration, home office support, management support, and all other such costs. There shall be no other markups for indirect costs or fees charged by Subcontractor, unless described in Exhibit “B”.