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"(t)he CONTRACTOR shall obtain at his own expense, and maintain at all times during the term <br />of this contract, insurance... ". The percentage rate for insurance was also derived from Means <br />(Section 01 31 13.30 0600) and is set at 2.02% of the direct costs. Article 19, on page GC -7, <br />requires "Superintendence of the Work" (Job Superintendent). This Article states "(t)he <br />CONTRACTOR shall keep a competent and reliable superintendent on the job at all times that <br />labor is being performed." This cost is derived from the Means cost for a Job Superintendent <br />(Laborer Foreman) and the hourly cost for a pick -up truck. Finally, the contractor Profit is <br />calculated as a base percentage of the direct costs. This percentage is set at 10% and is based on <br />a standard profit percentage given in Means. <br />The contractor costs discussed above are costs that a contractor must add to his direct equipment <br />operating costs (raw or direct costs) in order to run a profitable business. Since all of these costs <br />are incurred by the contractor, they are added in to the cost of the contractor's bid prior to the bid <br />being submitted to the Division for review. The total of these costs is what becomes the contract <br />amount or the project amount. <br />• Engineering work and/or contract /bid preparation. Normally the Division adds 4.25% of the <br />contract amount for engineering work and/or contract/bid preparation, based on the average of <br />the listed minimum and maximum values for engineering work in Means (Section 01 11 31.30 <br />0010). In TR -18, however, only 6.1% of the contract amount has not yet had a contract or bid <br />prepared (the demolition costs); therefore, only 6.1% of the 4.25% (an effective rate 0.26% of <br />the contract amount). <br />• Reclamation management and /or administration. These are costs that are based on Rule <br />4.2.1(4) which says: "The Financial Warranty amount shall include an amount equal to five <br />(5 %) percent of the amount of the cost of reclamation to defray the administrative costs incurred <br />by the Office in conducting the reclamation." <br />If you have any questions, please contact me. <br />Sincerely, <br />f a, <br />Tom Kaldenbach <br />Environmental Protection Specialist <br />cc: Tony Waldron, DRMS <br />Enclosure <br />