Common use of Work by Subcontractors and Vendors Clause in Contracts

Work by Subcontractors and Vendors. For any portion of the changed Work which is to be performed by a subcontractor (any tier), the Licensee shall furnish to the Trustees a detailed estimate prepared and signed by subcontractor of the cost to subcontractor for performing the changed Work. At the option of the Trustees, a lump sum estimate of such cost to subcontractor may be accepted in lieu of the detailed estimate. The combined costs for subcontractor’s overhead, profit, taxes, indirect supervision, insurance, bonds, warranty and any other costs not specifically allowed by Article 38.01-b (1), (2) and (3), shall not exceed fifteen (15) percent on the first $50,000 of the direct cost; thereafter, ten (10) percent on the balance beyond $50,000. The maximum allowable mark-up of a first tier subcontractor on any subsequent tiers shall be seven (7) percent. The aggregate mark-ups allowed by multiple tiered subcontractors shall not exceed twenty-six (26) percent of the direct cost on the first $50,000; thereafter, twenty-one (21) percent on the balance beyond $50,000. Estimates of the amount to be deleted from subcontractor’s portion of the Work shall be gross value of the deducted Work plus at least six percent for overhead, bonds, insurance, and related savings added to the direct value of the deleted Work. For changed Work to be furnished by a vendor, the Licensee shall furnish upon demand of the Trustees, a lump sum estimate of the cost of the items including taxes and cartage to the Licensee prepared by the vendor. No vendor mark-up for overhead, profit, layout, supervision or bonds will be allowed for changed Work furnished by a vendor.

Work by Subcontractors and Vendors. For any portion of the changed Work Work, which is to be performed by a subcontractor (of any tier)tier performs, the Licensee Design-Builder shall furnish to the Trustees a detailed estimate estimate, prepared and signed by subcontractor subcontractor, of the subcontractor’s cost to subcontractor for performing the changed Work. At the option of the Trustees, The Trustees may opt to accept a lump sum estimate of such cost to subcontractor may be accepted subcontractor, in lieu of the detailed estimate. The combined costs for subcontractor’s overhead, profit, taxes, indirect supervision, insurance, bonds, warranty and any other costs not specifically allowed by Article 38.01-b (1), (2) and (3), shall not exceed fifteen (15) percent on the first $50,000 of the direct cost; thereafter, ten (10) percent on the balance beyond $50,000. The maximum allowable mark-up of a first first-tier subcontractor on any subsequent tiers shall be seven (7) percent. The aggregate mark-ups allowed by multiple tiered subcontractors shall not exceed twenty-six (26) percent of the direct cost on the first $50,000; thereafter, twenty-one (21) percent on the balance beyond $50,000. Estimates of the amount to be deleted from subcontractor’s portion of the Work shall be the gross value of the deducted Work plus at least six percent for overhead, bonds, insurance, and related savings added to the direct value of the deleted Work. For changed Work to be furnished by a vendor, the Licensee Design-Builder shall furnish upon demand of the Trustees, a lump sum estimate of the cost of the items including taxes and cartage to the Licensee prepared by the vendor. No The Trustees will not allow vendor mark-up for overhead, profit, layout, supervision or bonds will be allowed for changed Work furnished by a vendor.

Work by Subcontractors and Vendors. For any portion of the changed Work which is to be performed by a subcontractor (any tier), the Licensee shall furnish to the Trustees a detailed estimate prepared and signed by subcontractor of the cost to subcontractor for performing the changed Work. At the option of the Trustees, a lump sum estimate of such cost to subcontractor may be accepted in lieu of the detailed estimate. The combined costs for subcontractor’s overhead, profit, taxes, indirect supervision, insurance, bonds, warranty and any other costs not specifically allowed by Article 38.01-b (1), (2) and (3), shall not exceed fifteen (15) percent on the first $50,000 of the direct cost; thereafter, ten (10) percent on the balance beyond $50,000. The maximum allowable mark-up of a first first-tier subcontractor on any subsequent tiers shall be seven (7) percent. The aggregate mark-ups allowed by multiple tiered subcontractors shall not exceed twenty-six (26) percent of the direct cost on the first $50,000; thereafter, twenty-one (21) percent on the balance beyond $50,000. Estimates of the amount to be deleted from subcontractor’s portion of the Work shall be gross value of the deducted Work plus at least six percent for overhead, bonds, insurance, and related savings added to the direct value of the deleted Work. For changed Work to be furnished by a vendor, the Licensee shall furnish upon demand of the Trustees, a lump sum estimate of the cost of the items including taxes and cartage to the Licensee prepared by the vendor. No vendor mark-up for overhead, profit, layout, supervision or bonds will be allowed for changed Work furnished by a vendor.