KLB CONSTRUCTION INC. 6/23/2010 - Laserfiche WebLink

I Furnish, Install, Perform, Provide, Supply The word"Furnish"or the word"Install"or the word "Perform"or the word "Provide"or the word "Supply," or any combination or similar directive or usage thereof, shall mean furnishing and incorporating in the Work including all necessary labor, materials, equipment, and everything necessary to perform the Work indicated, unless specifically limited in the context used. General Conditions: This Section 00710 of the Contract Documents. May: Conduct that is permitted, but not required. I Notice: A signed, written communication by the Contractor to the Owner as described in section 10. NOTICE TO OWNER. Notice to Proceed: The written Notice from the Owner or Owner's Representative to the Contractor authorizing and directing the Contractor to proceed with the Work and establishing the date on which the Contract Time begins. Multiple and partial Notices to Proceed may be issued on a single Project. Owner: The City of Everett, Washington. "Owner,"and the"City" mean the same. Owner's Representative: The person designated in writing and employed or retained by the Owner to act as its representative at the construction site and to perform construction inspection service and administrative functions relating to this Contract. Person: Includes individuals, associations, firms, companies, corporations, partnerships, and joint ventures. Physical Completion: Physical Completion Date is the day all of the work is physically completed on the Project. All documentation required by the contract and required by law does not necessarily need to be furnished by the Contractor by this date. Project: The undertaking to be performed under the provisions of the Contract. Punch List: List of incomplete items of Work and of items of Work that are not in conformance with the Contract Documents, prepared after Substantial Completion. Contract. Overabsorbed Overhead: Overrecovery of fixed indirect costs that occurs when a contractor performs more overall Work than it otherwise would have performed. Overhead Overhead for the purpose of calculating additional compensation under this section of the Contract shall include only those costs that are expended for the administration of the business as a whole. Such costs usually accrue or are incurred due to the passage of time, and/or cannot be traced to any particular project or Contract. Examples of possible Overhead costs are General and Administrative salaries and benefits, rent, general company insurance (exclusive of insurance on owned equipment that is directly job costed, depreciation on office facilities, utilities, maintenance, office supplies, general company accounting and legal fees(exclusive of amounts expended directly on any specific project), personal property taxes, general company business licenses, dues and subscriptions, etc. The following costs and expenses are excluded from the definition and calculation of Overhead. Overhead costs that vary substantially with the volume of Work performed (as measured by billings) shall not be included in Overhead for the purpose of determining any amount of additional compensation for Extended and/or Unabsorbed Home Office Overhead. Examples of costs that are not included in Overhead include: travel and business meetings, telephones, professional fees expended for the benefit of a specific project, union welfare benefits, payroll taxes and equipment rental. If related party transactions are included in a Contractor's Overhead, they must be explicitly identified as related party transactions and must not exceed amounts that would be incurred in an arms-length transaction for the provision of the same or similar goods and services. If such transactions exist and the amounts paid by the Contractor and included in Overhead are in excess of that which would normally be expended in an arms-length transaction, an adjustment, in the form of a reduction in the amount for calculation purposes, must be included in any calculation in determining the amount of Allocable Overhead. EVERETT RIVERFRONT SURCHARGE GENERAL CONDITIONS ,I PHASE 3 00710-2