Section 5: element definitions
10 Main contractor’s overheads and profit
Definition: Contractor’s price adjustments, overheads and profit.
Functional definition: Not a functional element; included for accounting purposes.
Measurement: Express main contractor’s overheads and profit as a percentage of the contract sum excluding contingencies (risk) and, where appropriate, contractor’s design fees.
| Includes | Excludes |
| 10.1 Main contractor’s overheads | Sub-contractor’s overheads and profit; see the appropriate element. |
| 10.2 Main contractor’s profit |