Common use of THE PORTION OF THE PROPOSAL Clause in Contracts

THE PORTION OF THE PROPOSAL. RELATING TO MATERIALS MAY INCLUDE THE REASONABLY ANTICIPATED DIRECT COSTS TO THE CONTRACTOR OR TO ANY OF ITS SUBCONTRACTORS OF MATERIALS TO BE PURCHASED FOR INCORPORATION IN THE CHANGE IN THE WORK, PLUS TRANSPORTATION AND APPLICABLE SALES AND USE TAXES AND UP TO FIFTEEN PERCENT (15%) OF SAID DIRECT MATERIAL COSTS AS OVERHEAD AND PROFIT FOR THE CONTRACTOR OR ANY OF ITS SUBCONTRACTORS (SAID OVERHEAD AND PROFIT TO INCLUDE ALL SMALL TOOLS), AND MAY FURTHER INCLUDE THE CONTRACTOR’S AND ANY OF ITS SUBCONTRACTOR'S REASONABLY ANTICIPATED RENTAL COSTS IN CONNECTION WITH THE CHANGE IN THE WORK (EITHER ACTUAL OR DISCOUNTED LOCAL PUBLISHED RATES), PLUS UP TO SIX PERCENT (6%) THEREOF AS OVERHEAD AND PROFIT FOR ANY OF THE CONTRACTORS, AS APPLICABLE (SAID OVERHEAD AND PROFIT TO INCLUDE ALL EXTENDED GENERAL CONDITIONS AND SUPERVISION). IF ANY OF THE ITEMS INCLUDED IN THE LUMP SUM PROPOSAL ARE COVERED BY UNIT PRICES CONTAINED IN THE CONTRACT DOCUMENTS, THE OWNER MAY, IF IT REQUIRES THE CHANGE IN THE WORK TO BE PERFORMED ON A LUMP SUM BASIS, ELECT TO USE THESE UNIT PRICES IN LIEU OF THE SIMILAR ITEMS INCLUDED IN THE LUMP SUM PROPOSAL, IN WHICH EVENT AN APPROPRIATE DEDUCTION WILL BE MADE IN THE LUMP SUM AMOUNT PRIOR TO THE APPLICATION OF ANY ALLOWED OVERHEAD AND PROFIT PERCENTAGES. NO OVERHEAD AND PROFIT SHALL BE APPLIED TO ANY UNIT PRICES.