The total Corporate Overhead and Profit payable by the Project Owner to the NOPs under this Agreement is [insert percentage]% of the NOPs' Reimbursable Costs component of the AOC. Corporate Overhead and Profit is a mark-up on this amount.
The percentage figure specified above will apply for the duration of the Project and will not be adjusted, split, modified or altered in any way for any reason or purpose including for the purpose of recognising that each NOP may have a different internal percentage figure that is normally applied in other contracting arrangements.
The procedure for payment must be established by the ALT in accordance with clause 16.3.
The Participants agree that the corporate overhead component of Corporate Overhead and Profit is, unless the Agreement otherwise provides, inclusive of all overhead costs.
[Alternative 1 - End]