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� I � , � � C. Article 4 : Administration of the Contract ' i i Add the following subparagraph: � 4 . 5 . 8 Any arbitration hearings necessary hereunder shall � � be conducted and held in Nashville, Tennessee. I D. Article 5 : Subcontractors I, ' Delete the last sentence from subparagraph 5 .2 . 1. Add the I I following subparagraph: i , ' 5 . 2 . 1. 1 No work shall be commenced until approval of such ; subcontractors has been given in writing by the Owner. If required, the Contractor shall furnish � I evidence satisfactory to the Owner, showing that any or all proposed subcontractors are competent ; to execute the various parts of the work covered � i by their subcontracts . i. Article 7 : Changes in the Work � Make the following changes to subparagraph 7 .3 . 6 : � In the first sentence, delete the words "a reasonable � allowance for overhead and profit" and substitute "an ; allowance for overhead and profit in accordance with the ' schedule set forth in subparagraph 7 .3 . 6 . 6 below. " ' ' i Add new subparagraph 7 .3 . 6 . 6 : � I ' The allowance for overhead and profit combined, included ' in the total cost to the Owner, shall be based on the following schedule: � ; 1. For General Contractor, 15� of the cost of the work � performed by own forces . ' 2 . For each subcontractor, 100 of cost of the work performed by own forces . � 3 . Markup for General Contractor, for work performed by � � , his 5ubcontractors, 5 percent of the amount due the � Sub-subcontractor. � � 4 . In order to facilitate checking of quotations for extras or credits, all proposals shall be accompanied ; by a complete itemization of costs including labor, � � materials, and Subcontracts . Labor and materials shall � be itemized in the manner prescribed above. Where � � major cost items are Subcontracts, they shall be , itemized also. � I � ' January 22, 1999 00800-3 � 98165 . 01 � �