APPLICATION of the BASIC FEE RATE Sample Clauses

APPLICATION of the BASIC FEE RATE. If the Basic Fee is to be determined by a Basic Fee Rate, and the Special Provisions of the Agreement or an amendment to the Agreement does not provide otherwise, the Basic Fee Rate shall be applied, without change, to: (1) the tentative Cost of the Work until opening of bids and then retroactively to the amount of the Construction Contract, including Change Orders and Sales Tax Savings and (2) the combined cost of all buildings or other Work covered by the Agreement. If the Work is executed in any manner other than under one lump sum Construction Contract, or one lump sum Construction Contract for sitework and a second lump sum Construction Contract for building construction, the Basic Fee Rate shall be subject to adjustment.
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APPLICATION of the BASIC FEE RATE. (Applicable to Percentage Based Fees only) If the Basic Fee is to be determined by a Basic Fee Rate, and the Special Provisions of the Agreement or an amendment to the Agreement does not provide otherwise, the Basic Fee Rate shall be applied, without change, to: (1) the tentative Cost of the Work (as described below) until opening of bids and then retroactively to the amount of the Construction Contract, including Change Orders and (2) the combined cost of all buildings or other Work covered by the Agreement. If the Work is executed in any manner other than under one lump sum Construction Contract, or one lump sum Construction Contract for sitework and a second lump sum Construction Contract for building construction, the Basic Fee Rate shall be subject to adjustment.
APPLICATION of the BASIC FEE RATE. If the Basic Fee is to be determined by a Basic Fee Rate, and the Special Provisions of the Agreement or an amendment to the Agreement does not provide otherwise, the Basic Fee Rate shall be applied, without change, to: (1) the tentative Cost of the Work until opening of bids and then retroactively to the amount of the Construction Contract, including Change Orders and Sales Tax Savings and (2) the combined cost of all buildings or other Work covered by the Agreement. If the Work is executed in any manner other than under one lump sum Construction Contract, or one lump sum Construction Contract for sitework and a second lump sum Construction Contract for building construction, the Basic Fee Rate shall be subject to adjustment. MAJOR RENOVATION WORK The Basic Fee agreed upon in the Agreement typically fully compensates the Architect for investigation, research, measuring, and drawing of the reasonably accessible conditions existing in the building or spaces to be renovated or altered to facilitate the production of Drawings and Specifications of the Work covered by the Agreement. An increase of up to 25% in the Basic Fee Rate is allowed for major renovation projects as stated in Manual of Procedures Exhibit D. The Schedule of Basic Fee Rates is structured for new construction and may not adequately cover additional work required of design professionals for renovation projects. A project is considered a major renovation if more than 50% of the construction cost involves renovations and alterations. This additional work required for renovation projects usually involves investigating and developing drawings of existing conditions before design can be developed. In general, exterior projects, including, but not limited to, re-roofing, re-coating, and landscape/hardscape are not to be considered as major renovations. If the Awarding Authority/Owner can provide the design professional with drawings of the existing conditions, this adjustment may be minimized or eliminated. If the Owner and design professional agree to increase the Basic Fee Rate of the Schedule for Major Renovation, this must be stated in the spaces provided in the Agreement form. When stating the Basic Fee Rate on the form, state the increased rate. SUBSTANTIAL DUPLICATION If the Basic Fee is a Basic Fee Rate and the Work covered by the Agreement involves substantial duplication of buildings on the same or separate sites, the Basic Fee Rate will be adjusted for the duplicated buildings in accord...

Related to APPLICATION of the BASIC FEE RATE

  • Y-Rate The Board of Supervisors may adopt a Y-rate to apply to: (1) an employee who would suffer an actual decrease in salary as a result of action taken by the County, without fault or inability on the part of the employee, or (2) an employee who is changing from one (1) class series to another, as a normal consequent of career development through the County's upward mobility program, and the salary of the class the employee enters in the new class series is less than the salary the employee was receiving in the former class. A Y-rate means a salary rate, for an individual employee, which is greater than the established range for the class.

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  • Daily Rate One, divided by the number of days in the teacher’s annual base contract, times his/her base salary.

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  • Base Rate The greater of (a) the variable annual rate of interest announced from time to time by Agent at Agent's Head Office as its "prime rate" or (b) one-half of one percent (0.5%) above the Federal Funds Effective Rate (rounded upwards, if necessary, to the next one-eighth of one percent). The Base Rate is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. Any change in the rate of interest payable hereunder resulting from a change in the Base Rate shall become effective as of the opening of business on the day on which such change in the Base Rate becomes effective, without notice or demand of any kind.

  • Definition of Regular Straight Time Rate of Pay The regular straight time rate of pay is that prescribed in wage schedule of the Collective Agreement.

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