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

1 IOverhead shall not include any cost directly attributable to a particular project. If a cost can be traced to a particular Contract, the Contractor may not classify the cost as Overhead. I Indirect or home office costs that vary substantially with the amount of work performed shall not be included in the group of costs comprising Overhead. Overhead shall not include any costs specifically disallowed by Federal Acquisition Regulations, Subpart I 31.2—Contracts with Commercial Organizations, or its successor. Further, "Overhead"shall not include the costs of any"field support services"that are more closely direct costs in nature, regardless of the manner in which the Contractor normally accounts for such costs. An example of such disallowed cost would be for material handling and expediting, which are costs incurred for the direct support and benefit I of any specific project(s). In addition to compliance with Federal Acquisition Regulations, Subpart 31.2 examples of specific costs not allowed in a calculation under this Section of the Contract are Incentive Compensation paid to I personnel classified as Overhead and otherwise includable under this Section of Contract, travel and business meetings, employer paid benefits and taxes on direct payroll costs of any project, insurance costs directly identifiable to any specific project, penalties, any costs incurred regarding company owned equipment normally classified as a direct project costs, etc. IRCW: Means the Revised Code of Washington. Schedule of Values: Allocation of Contract Sum to items of Work as provided in section 9.1.1. I Schedule of Values. Shall: Required conduct. Shop Drawings: All drawings, diagrams, illustrations, schedules, and other data or information which are specifically prepared or assembled by or for Contractor and submitted by Contractor to illustrate some portion of the Work. Shown: Refers to information presented on the drawings, with or without reference to the drawings. Specifications: That part of the Contract Documents consisting of written descriptions of the technical 111/ features of materials, Equipment, construction systems, standards, and workmanship. Specify: Refers to information described, shown, noted or presented in any manner in any part of the 1 Contract Documents. Submittals: The information required by the Contract Documents provided by Contractor to the Owner's Representative or Owner. ISubstantial Completion: The day on which the Owner or Owner's Representative determines the Owner has full and unrestricted use and benefit of the Project, from both the operational and safety standpoints and only minor incidental Work, replacement of temporary substitute facilities, or minor I correction or repair Work remains. Determination of Substantial Completion in whole or in part is solely at the discretion of the Owner. Substantial Completion does not mean complete in accordance with the Contract nor shall Substantial Completion of all or any part of the Project entitle the Contractor to Final I Acceptance under the Contract. Total Float: The amount of time any given activity or path of activities may be delayed before it will affect the Completion Date. I Unabsorbed Overhead: The reduction or loss of contribution to recovery of the Contractor's Overhead costs realized by the result of reduced Project and/or Contractor billings due to any reason whatsoever, including a Project Extension. I Unit Price Work: Refers to items of Work identified by unit prices in the bid or proposal form. Work: Refers to the Project and the labor, materials, Equipment, supplies, services, and other items necessary for the execution, completion and fulfillment of the Contract. I IEVERETT RIVERFRONT SURCHARGE GENERAL CONDITIONS PHASE 3 00710-3