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City of Everett 00 72 00 - 40 <br />Port Gardner Storage Facility – Facility Construction Package WO# UP-3525 <br /> <br /> <br />00 72 00 - 40 GENERAL CONDITIONS <br />9.5.3 Unabsorbed and Extended Overhead <br />Any Extended or Unabsorbed Overhead to which the Contractor may be entitled shall be calculated using <br />the Eichleay formula by: <br />1. Determining the pro-rata amount of Overhead allocable to the subject project. This is <br />accomplished by multiplying Overhead costs by the ratio of the subject project’s billings to the <br />Contractor’s overall billings during the overall period of the subject Project’s performance. The <br />result is “Allocable Overhead.” <br />a. Any additional and unresolved direct cost claims presented by the Contractor concurrently <br />with any request for Extended and/or Unabsorbed Overhead shall not be included in <br />determining the ratio of the subject Project billings to overall Contractor billings for the <br />period of project performance. <br />2. Determining the daily amount of Allocable Overhead for the subject Project. This is <br />accomplished by dividing the Allocable Overhead for the subject Project by the number of days <br />(as contractually defined) of Contract performance. The result is the Daily Rate of Allocable <br />Overhead. <br />3. Determining the gross amount of potential additional compensation for Home Office Overhead <br />due to the project extension. This is accomplished by multiplying the Daily Rate of Allocable <br />Overhead by the number of days of project extension caused solely by the Owner. This results in <br />the Gross Amount of Additional Home Office Overhead Compensation. <br />4. Adjusting the Gross Amount of Additional Home Office Overhead Compensation for any <br />additional contribution for Overhead received by the Contractor on any Change Orders that are <br />being presented and resolved concurrently with the subject calculation for Unabsorbed and/or <br />Extended Home Office Overhead. The necessary adjustment would be to reduce the Gross <br />Amount of Additional Home Office Overhead Compensation by any additional compensation for <br />Overhead included in any direct cost claims being resolved concurrently with any claim for <br />Extended and/or Unabsorbed Home Office Overhead. <br />Contractor shall not receive compensation for cost of use of equity capital. <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. <br />OWNER’S REPRESENTATIVE.