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2022-011
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Last modified
2/14/2022 10:58:22 AM
Creation date
2/11/2022 10:14:33 AM
Metadata
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Template:
Official Documents
Official Document Type
Contract
Approved Date
01/18/2022
Control Number
2022-011
Agenda Item Number
8.A.
Entity Name
Don Hinkle Construction, Inc.
Subject
Indian River County Tax Collector’s Office Expansion
Area
1800 27th Street, Administration Building B
Project Number
IRC-2030
Bid Number
2022018
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ENGINEER subject to the provisions of paragraph <br />9.08. <br />B. Each unit price will be deemed to include an <br />amount considered by CONTRACTOR to be adequate <br />to cover CONTRACTOR's overhead and profit for <br />each separately identified item. <br />C. OWNER or CONTRACTOR may make a <br />Claim for an adjustment in the Contract Price in accor- <br />dance with paragraph 10.05 if: <br />1. the quantity of any item of Unit Price <br />Work performed by CONTRACTOR differs <br />materially and significantly from the estimated <br />quantity of such item indicated in the <br />Agreement; and <br />2. there is no corresponding adjustment <br />with respect any other item of Work; and <br />3. if CONTRACTOR believes that <br />CONTRACTOR is entitled to an increase in <br />Contract Price as a result of having incurred <br />additional expense or OWNER believes that <br />OWNER is entitled to a decrease in Contract <br />Price and the parties are unable to agree as to <br />the amount of any such increase or decrease. <br />ARTICLE 12 - CHANGE OF CONTRACT PRICE; <br />CHANGE OF CONTRACT TIMES <br />12.01 Change of Contract Price <br />A. The Contract Price may only be changed by a <br />Change Order or by a Written Amendment. Any Claim <br />for an adjustment in the Contract Price shall be based <br />on written notice submitted by the party making the <br />Claim to the ENGINEER and the other party to the <br />Contract in accordance with the provisions of para- <br />graph 10.05. <br />B. The value of any Work covered by a Change <br />Order or of any Claim for an adjustment in the Contract <br />Price will be determined as follows: <br />1. where the Work involved is covered <br />by unit prices contained in the Contract <br />Documents, by application of such unit prices to <br />the quantities of the items involved (subject to <br />the provisions of paragraph 11.03 ); or <br />2. where the Work involved is not cov- <br />ered by unit prices contained in the Contract <br />Documents, by a mutually agreed lump sum <br />(which may include an allowance for overhead <br />and profit not necessarily in accordance with <br />paragraph 12.01.C.2); or <br />3. where the Work involved is not cov- <br />ered by unit prices contained in the Contract <br />Documents and agreement to a lump sum is not <br />reached under paragraph 12.01.13.2, on the <br />basis of the Cost of the Work (determined as <br />provided in paragraph 11.01) plus a <br />CONTRACTOR's fee for overhead and profit <br />(determined as provided in paragraph 12.01.C). <br />C. CONTRACTOR's Fee: The CONTRACTOR's <br />fee for overhead and profit shall be determined as <br />follows: <br />a mutually acceptable fixed fee; or <br />2. if a fixed fee is not agreed upon, then <br />a fee based on the following percentages of the <br />various portions of the Cost of the Work: <br />a. for costs incurred under paragraphs <br />11.01.A.1 and 11.01.A.2, the <br />CONTRACTOR's fee shall be 15 percent; <br />b. for costs incurred under paragraph <br />11.01.A.3, the CONTRACTOR's fee shall be <br />five percent; <br />c. where one or more tiers of subcon- <br />tracts are on the basis of Cost of the Work <br />plus a fee and no fixed fee is agreed upon, <br />the intent of paragraph 12.01.C.2.a is that <br />the Subcontractor who actually performs the <br />Work, at whatever tier, will be paid a fee of <br />15 percent of the costs incurred by such <br />Subcontractor under paragraphs 11.01.A.1 <br />and 11.01.A.2 and that any higher tier <br />Subcontractor and CONTRACTOR will each <br />be paid a fee of five percent of the amount <br />paid to the next lower tier Subcontractor; <br />d. no fee shall be payable on the basis <br />of costs itemized under paragraphs <br />11.01.A.4, 11.01.A.5, and 11.01.8; <br />e. the amount of credit to be allowed <br />by CONTRACTOR to OWNER for any <br />change which results in a net decrease in <br />cost will be the amount of the actual net <br />decrease in cost plus a deduction in <br />CONTRACTOR's fee by an amount equal to <br />five percent of such net decrease; and <br />f. when both additions and credits are <br />involved in any one change, the adjustment <br />in CONTRACTOR's fee shall be computed <br />on the basis of the net change in accordance <br />with paragraphs 12.01.C.2.a through <br />12.01.C.2.e, inclusive. <br />General Conditions - 00700 - 28 <br />
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