Reso 2002-433 - Laserfiche WebLink

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5.2.4 Allowances, if any, are as follows: (Identify and state the amounts of any allowances. and state whether they include labor, materials, or both,) It is a!:reed that the Guaranteed Maximum Price includes certain items for which all specifications or determinations have not been made. and thus final estimates of cost cannot be made. The Owner has established reasonable allowances for such items. When the actual Cost of the Work for each allowance item is determined. the Guaranteed Maximum Price shall be adjusted by change order by the difference between the allowance amount and the final estimated cost of the Work along with any a'ppro,priate e:eneral conditions. tax. insurance. bond (if any). and Contractor's Fee adiustments. Allowances included are: Whenever costs are less than a stated allowance. 100% of the difference will be returned to the Owner by chan!:e order. Whenever costs are more than a stated allowance. the contract sum will be adjusted by chan!:e order per Articles 5 and 6 accordin!:ly. 5.2.5 AsswnptieBs, if aRj', eD "....Bieh the Gl:laraBteed Maximwn Priee is eased are as follews: 5.2.6 To the extent that the Drawings and Specifications are anticipated to require further development by the Architect, the Contractor has provided in the Guaranteed Maximum Price for such further development consistent with the Contract Documents and reasonably inferable therefrom. Such further development does not include such things as changes in scope, systems, kinds and quality of materials, finishes or equipment, all of which, if required, shall be incorporated by Change Order. ARTICLE 6 CHANGES IN THE WORK 6.1 Adjustments to the Guaranteed Maximum Price on account of changes in the Work may be determined by any of the methods listed in Subparagraph 7.3.3 of AlA Document A201-1997. 6.2 In calculating adjustments to subcontracts (except those awarded with the Owner's prior consent on the basis of cost plus a fee), the tenns "cost" and "fee" as used in Clause 7.3.3.3 of AlA Document A201-1997 and the tenns "costs" and "a reasonable allowance for overhead and profit" as used in Subparagraph 7.3.6 of AlA Document A201-1997 shall have the meanings assigned to them in AlA Document A20 1-1997 and shall not be modified by Articles 5, 7 and 8 of this Agreement. Adjustments to subcontracts awarded with the Owner's prior consent on the basis of cost plus a fee shall be calculated in accordance with the tenns of those subcontracts. 6.3 In calculating adjustments to the Guaranteed Maximum Price, the tenns "cost" and "costs" as used in the above-referenced provisions of AlA Document A201-1997 shall mean the Cost of the Work as defmed in Article 7 of this Agreement and the tenns "fee" and "a reasonable allowance for overhead and profit" shall mean the Contractor's Fee as defmed in Subparagraph 5.1.2 of this Agreement. 6.4 Ifno specific provision is made in Paragraph 5.1 for adjustment of the Contractor's Fee in the case of changes in the Work, or if the extent of such changes is such, in the aggregate, that application of the adjustment provisions of Paragraph 5.1 will cause substantial inequity to the Owner or Contractor, the Contractor's Fee shall be equitably adjusted on the basis of the Fee established for the original Work, and the Guaranteed Maximum Price shall be adjusted accordingly. ARTICLE 7 COSTS TO BE REIMBURSED 7.1 COST OF THE WORK The term Cost of the Work shall mean costs necessarily incurred by the Contractor in the proper performance of the Work. Such costs shall be at rates not higher than the standard paid at the place of the Project except with prior consent of the Owner. The Cost of the Work shall include only the items set forth in this Article 7. 7.2 LABOR COSTS 7 .2.1 Wages of eonstnlctioD werkers direetly employed by the CeBtfaeter to perferm the eOBGtmetioD of the VI erk at the site er, with the OV/Ber's ilJlprenl, at eff site ';r:erksnops. Waf:es plus frinf:e benefit charf:es of construction workers directly employed by the Contractor to perform the construction of the Work at the site or at off site workshops and to make deliveries or pickups for the Project. @ AIA DOCUMENT AlII -OWNER - CONTRACTOR AGREEMENT - 1997 EDITION - AIA - COPYRIGHT 1997 - THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE N. W" WASHINGTON, D,C, 20006-5292, WARNING: Unlicensed photocopying violates U.s. copyright laws and will subject the violator to legal prosecution, This document was electronically produced with permission of the AIA and can be reproduced without violation until the date of expiration as noted below, expiration as noted below, expiration as noted below, User Document: alII city of sunny,aia -- 4/11/2002, AIA License Number 1000746, which expires on 8/8/2002. Electronic Format AIll-1997 ~. \ 5/""