Schedule of Cost Component 5, Clause 52

With reference to Clause 52, would you please clarify the meaning of the term “this” in the following:

“52 An amount for overheads calculated by multiplying this total by the percentage for manufacturing and fabrication overheads stated in the Contract Data.”

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The ‘this’ refers to the calculated amount, which is the sum of the total of the hours worked multiplied by the hourly rates stated in the Contract Data (see s51).

The same principle applies with ‘Design 6’ at s 62 of the SCC.

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