A Guide To Making O&P Payments On Texas Roof Repairs

Law360, New York (December 2, 2013, 1:50 PM EST) -- Nearly every estimate submitted on behalf of a Texas building owner for the replacement of a commercial roof includes the same last two line items:

Overhead: 10 percent Profit: 10 percent

These two line items for overhead and profit (O&P) are causing considerable debate in the Texas insurance claims process. The same questions are asked in almost every claim:

Who will receive it? Are the line items duplicative of O&P already built into other line items? Must it be incurred to be paid? Is it owed...
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