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Neptune General Contractors 1/25/2022
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Neptune General Contractors 1/25/2022
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Last modified
2/11/2022 10:19:54 AM
Creation date
2/11/2022 10:12:21 AM
Metadata
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Contracts
Contractor's Name
Neptune General Contractors
Approval Date
1/25/2022
Council Approval Date
12/15/2021
End Date
5/31/2022
Department
Parks
Department Project Manager
Dean Shaughnessy
Subject / Project Title
Rotary Park Renovation
Public Works WO Number
PW2021-072
Tracking Number
0003186
Total Compensation
$419,650.00
Contract Type
Capital Contract
Retention Period
10 Years Then Transfer to State Archivist
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I <br /> project extension caused solely by the Owner. This results in the Gross <br /> Amount of Additional Home Office Overhead Compensation. <br /> 4. Adjusting the Gross Amount of Additional Home Office Overhead <br /> Compensation for any additional contribution for Overhead received by the <br /> Contractor on any Change Orders that are being presented and resolved <br /> concurrently with the subject calculation for Unabsorbed and/or Extended <br /> Home Office Overhead. The necessary adjustment would be to reduce the <br /> Gross Amount of Additional Home Office Overhead Compensation by any <br /> additional compensation for Overhead included in any direct cost claims being <br /> resolved concurrently with any claim for Extended and/or Unabsorbed Home <br /> Office Overhead. <br /> Contractor shall not receive compensation for cost of use of equity capital. 1 <br /> 9.6. FORCE ACCOUNT <br /> If Work or materials are to be paid for by Force Account,payment amounts will be determined and <br /> Contractor shall contemporaneously prepare,keep and maintain records segregated and allocated by time, <br /> location and item of Work in compliance with this subsection. Such records must be contemporaneously <br /> countersigned by the Owner or the Owner's Representative(or its designee). Any records not <br /> countersigned by the Owner or Owner's Representative shall be excluded from the calculation of payment <br /> under this subsection. <br /> The payments provided for herein shall be full payment for all Work done on a Force Account basis. The <br /> payment shall be deemed to cover all expenses of every nature, kind,and description, including all <br /> Overhead expenses,profit,occupational tax and any other Federal or State revenue acts,premiums on <br /> public liability and property damage insurance policies,and for the use of small tools and equipment for <br /> which no rental is allowed. <br /> No Contract Claim for Force Account shall be allowed except upon written order by the Owner's <br /> Representative for Extra Work prior to the performance of the Extra Work.No Extra Work shall be <br /> construed as Force Account Work that can be measured under the Specifications and paid for at the unit <br /> prices or lump sum named in the Contract. <br /> The Owner's Representative shall compute the amount and costs of any Work to be paid by Force <br /> Account,and the amount certified by the Owner's Representative shall be final as provided in 3.2. 111 <br /> OWNER'S REPRESENTATIVE. <br /> The Contractor's wage,payroll,and cost records pertaining to Work paid for on a Force Account basis <br /> shall be open to inspection or audit as provided in 17.AUDITS. <br /> 9.6.1 Labor. <br /> The Owner will reimburse the Contractor for labor and for supervision by foremen dedicated solely to the I <br /> particular Force Account item of Work,but not for supervision by general superintendents or general <br /> foremen. The Owner's Representative will compute the labor payment on the basis of these four factors: <br /> 1. Weighted Wage Rate. The Weighted Wage Rate combines: I' <br /> a. the current basic wage and fringe benefits the Contractor is required <br /> and has agreed to pay, <br /> b. Federal Insurance Compensation(FICA), <br /> c. Federal Unemployment Tax Act(FUTA), and <br /> d. State Unemployment Tax Act(SUTA) I <br /> A Weighted Wage Rate shall be computed for each classification of labor used. <br /> This rate shall reflect the Contractor's actual cost. It shall neither exceed what <br /> General Conditions—007200-38 <br /> I <br />
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