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pasemongolczengsmwmfamayo,:.:a.c� r x3x 2. The Director and Contractor shall negotiate and agree upon equitable value of the change prior to issuance of the Change Order, and the Change Order shall stipulate the corresponding lump sum adjustment to the Agreement price. Standard Change Order Forms as provided in the Construction Contract Documents shall be used to execute the Change Order. d. In the event of emergency endangering life or property, the Contractor may be directed to proceed on a time and material basis whereupon the Contractor shall proceed and keep accurately in such forms as may be required, a correct account of cost together with all proper invoices, payrolls, and supporting data. Upon completion of the Work the Change Order will be prepared as outlined under either Methods c(1) or c(2), or both. e. Under Methods c(2) and paragraph "d" above, the allowances for overhead and profit combined shall not exceed twenty percent (20%) of net cost except where the change involved a subcontractor, allowance shall not exceed fifteen percent (15%) for the Subcontractor, and ten percent (10%) for the Prime Contractor. Under Method c(1) no additional allowances shall be made for overhead and profit. In the case of deductible Change Orders, under Method c(2) and paragraph "d" above, the Contractor shall include no less than ten percent (10%) profit, but no allowances for overhead. f. The term "net cost" as used herein shall mean the difference between all proper cost additions and deductions. The "cost" as used herein may include all items of materials and labor, rental value of power tools and equipment, and such items of cost as Workmen's Compensation Insurance, Unemployment Insurance, Special Insurance, Social Security and Old Age Benefit, Fringe Benefits, Bond Adjustments, Sales Tax, and prorata charges for supervision and field office personnel directly attributable to the change. Overtime and extra pay for holidays and weekends may be a cost item only to the extent approved by the Director. g. The following items shall be considered as overhead: insurance other than mentioned above, supervision, superintendents, timekeepers, clerks, expediters, watchman, small tools, incidental job burdens and general office expense, and all other items not included in "cost" as above defined. h. In all Change Orders, normal procedure will be for the Director or his designee to obtain quotations and supporting data, and verify correctness. The Director shall prepare the Change Order, secure the Contractor's signature, certify the Change Order by his signature. All change Orders shall be properly executed within fourteen (14) days of the Contractor's signature. In case of emergency or extenuating circumstances, approval of changes may be obtained verbally by telephone, then shall be substantiated in writing as outlined under normal procedure. i. At the time of signing a Change Order, the Contractor shall be required to certify as follows: GC -10