Valdez Construction, Inc. 8/7/2023

I City of Everett Inductive Charging Infrastructure for Field Installation 01 29 73 - 3 I 1. Distribute Contractor's office overhead and profit proportionally among allocated cost for each work activity. 2. Costs associated with ongoing mobilization activities can be listed separately or distributed evenly among allocated cost for each work activity. I 3. Assign overhead costs corresponding to start and finish dates for each work related activity. 4. Pro-rate associated work expenses related to work activities, including supervision, I temporary utilities, and small tools, over total Contract Time. 5. Assign directly related costs, including bonds, insurance, and schedules, to appropriate work activities. I 6. Claims for additional cost for storage of materials off-site are not accepted as a basis for monetary claims, except where need for off-site storage arose after the Bid and at request of the Owner. I C. Overhead and Administrative Costs: Distribute major cost items which are not a direct cost of actual work-in-place as line item in schedule of values, or distributed as general overhead expense. I1. Conditions of the Contract for Construction and Mobilization: Maximum 3 percent of Contract Sum. 2. Demobilization: Maximum 1 percent of Contract Sum. I 3. Commissioning of Operational Systems: See paragraph G for required 1% of HVAC Contract to be itemized on the Schedule of Values. 4. Closeout: Minimum of 1 percent of Contract Sum to cover closeout submittals and I documentation and 1 percent of contract sum to cover punchlist identification and completion. 5. See Paragraph E and F for required 1 percent of Contract Sum for Project Record I Documents completion and 1 percent for Operations and Maintenance Manuals completion. D. Stored Items: For materials not yet installed, for which Progress Payments are requested, I no payment for materials stored offsite will be made without prior notice to and acceptance by Owner. I 1. Submit clear title to ownership of materials in writing to Owner. 2. Support initial value with proof of purchase invoices. 3. Include value-added costs as separate line item when subsequently delivered to site I and installed. 4. Differentiate between items stored on-site and items stored off-site. 5. Provide acceptable proof of insurance and bonding of storage facility and contents. 6. Store materials no greater distance than 50 miles from Project site. I 7. Make storage facilities available and open to Owner and Architect observation. 8. Store materials for which payments are requested in separate areas away from other materials and clearly marked or labeled to identify name of Owner, Project, Iand Contractor. E. Project Record Documents: Include line item of at least 1 percent of Contract Sum for I preparation, maintenance, and duplication. Upon completion, a portion of this amount will be released based upon percentage of completion of the Work as a whole. I01 29 73- 3 SCHEDULE OF VALUES I