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10.3.3.4 Overhead and Profit <br />(a) Subcontractor's overhead, including supervision and the furnishing, <br />use and maintenance of small tools and ordinary equipment incidental <br />to and required for the Work shall be just and fully compensated for <br />by adding an amount equal to FIVE PERCENT (5%) of the sum of <br />material and labor costs as defined under Subcontractor's profit below, <br />but excluding equipment rental costs. <br />(b) Subcontractor's profit may then be added to the above material costs <br />and labor costs including the Overhead allowance at the rate of SEVEN <br />PERCENT (7%) of the sum of those costs, excluding equipment rental <br />costs. <br />(c) Contractor's overhead, including general supervision and the <br />furnishing, use and maintenance of small tools incidental to and <br />required for the Work accomplished by its own direct labor shall be <br />considered to be just and fully compensated for by adding an amount <br />equal to FIVE PERCENT (5%) of the sum of material and labor costs as <br />defined under Material costs and Labor costs below, but excluding <br />equipment rental costs and bond allowance. <br />(d) Contractor's overhead, including general supervision and the <br />furnishing, use and maintenance of small tools and equipment <br />incidental to and required for the Work accomplished by <br />subcontractors shall be considered to be just and fully compensated <br />for by adding an amount equal to FIVE PERCENT (5%) of the sum of <br />material and labor costs as defined under Material costs and Labor <br />costs below, but excluding equipment rental costs and bond <br />allowance. <br />(e) Contractor's profit may then be added into the above material costs and <br />labor costs, including the Overhead allowance at the rate of SEVEN <br />PERCENT (7%) of the sum of those costs, excluding equipment rental <br />costs. <br />10.3.3.5. Bond Allowance: For maintaining the Public Construction Bond at 100% of the <br />Contract Price, a sum of ONE PERCENT (1%) of the total cost of the change (including <br />material, labor, overhead and profit, and equipment rental) shall be allowed on all change <br />orders. <br />10.3.3.6. Material costs actually recorded by the Contractor and the subcontractor as <br />materials are delivered to the site and, as evidenced from originally receipted invoices, <br />Page 28 of 43 <br />296 <br />