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Whats included in a subcontracting agreement? the subcontracted services. price and payment. service levels (optional) change control. liability (including indemnity for the main contractor) ending the agreement. dependency on the main contract.
What Is Markup? The average pre-tax net profit is between 1.4 and 2.4 percent for general contractors, according to the Construction Financial Management Association. The average pre-tax net profit for subcontractors is between 2.2 to 3.5 percent.
If an undisputed payment is not received within ten days, the prime contractor or subcontractor of any tier that has not received the undisputed payment may suspend work under the building and construction contract until the undisputed payment is received.
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