Overhead and Profit for Change Orders. The undersigned agrees to complete all Work added by written change order for the actual cost of the work added plus to cover overhead and profit. The undersigned further agrees to issue a deductive change order when requested for the actual cost of the work deducted plus to cover overhead and profit for the contractor. Subcontractor overhead and profit for all written changes orders are to follow the same above procedures. Attached is a list of labor rates for all trades for both straight time and overtime and are hereby submitted and guaranteed to remain valid and in force for the duration of the construction period.
Appears in 2 contracts
Sources: Form of Proposal, Proposal Agreement