Specs

Bridgestone Retail Operations, LLC
PROJECT MANUAL
Version: January 2012
SCHEDULE 1
METHODS OF CALCULATING CHANGE ORDERS
No. 1 - Unit Prices
Unit prices, if stated in the Contract, shall govern. All unit prices shall include overhead and profit, shall be
for Work in place and shall include all incidental items for a complete job. For changes in quantity of the same
material, the appropriate unit price in the Contract shall be applied to the net change.
No. 2 - Itemized Estimate Plus Mark-up
(a) For changes to be performed by Contractor’s own forces, and not covered by unit prices, there shall be
added to or deducted from the Contract Price as approved by Owner the percentages set forth in the Contract as
Contractor’s mark-up for additional or deleted Work applied to estimated costs. Such percentage for overhead and
profit shall be applied to the estimated costs of labor and materials, and the estimated cost of labor for this purpose
shall include applicable insurance, taxes, bond premiums, vacation allowances, travel allowances, and welfare funds.
Contractor’s mark-up shall constitute all of its charges for overhead and profit, both direct and indirect,
including but not limited to, all charges for supervision, the services of its general office organization, field office
expense, and the use of tools or equipment having a cost basis of less then $1,000.
(b) For changes to be performed by Subcontractors under Contractor, and not covered by unit prices, the
estimated cost and Subcontractor’s mark-up for such Work shall be computed by the Subcontractor in the same
manner as described in Subsection (a) preceding (except that the percentages for Subcontractor’s mark-up shall be
as approved by Owner), shall be checked and approved by Contractor before submitting same to Owner for its check
and approval, and shall constitute all of its charges for overhead and profit, both direct and indirect, including but
not limited to, all charges for supervision, the services of its general office organization and field office expense.
For such changes there shall be added to or deducted from the Subcontractor’s price as approved by
Owner Contractor’s mark-up as stated in the Contract, which mark-up shall constitute all of Contractor’s charges for
overhead and profit, both direct and indirect, including, but not limited to, all charges for supervision, the services of
its general office organization and field office expense.
Where revisions involve both additions and deductions, the estimated cost of labor and materials added and
deducted shall be balanced against each other and the percentage for Contractor’s or Subcontractor’s mark-up shall
be applied to the net result.
No. 3 - Actual Cost Plus Mark-up
Should Owner so elect, the increase or decrease in the price agreed to be paid under the Contract for changes
shall be Contractor’s costs determined as set forth below. Contractor shall keep and present, in such manner as
Owner may direct, an accurate account of its costs, together with the supporting vouchers. Contractor’s costs shall
be the total of:
(a) The cost to Contractor of all labor performed and all materials furnished for and used in the authorized
changes in the Work, less all cash, trade and other discounts.
(b)
Sums paid by Contractor for royalties, permits and inspection mark-up.
(c) Premiums for Contractor’s Commercial General Liability Insurance, Workers’ Compensation
Insurance and other necessary insurance, and applicable payroll taxes.
{00052658.DOC;1}
STANDARD GENERAL CONDITIONS – MULTI-DRAW CONTRACT 01001 - Page 22 of 23