CM Compensation Clause Samples

The CM Compensation clause defines how the Construction Manager (CM) will be paid for their services under the contract. It typically outlines the payment structure, such as whether compensation is based on a fixed fee, a percentage of project costs, or reimbursable expenses, and may specify milestones or deliverables that trigger payments. This clause ensures both parties have a clear understanding of payment expectations, reducing the risk of disputes over compensation and providing financial predictability for the project.
CM Compensation. The CM shall be compensated for services satisfactorily performed prior to a termination which is not the fault of the CM. The DISTRICT shall pay the CM only the fee associated with the services provided, since the last billing and up to the notice of termination.
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CM Compensation. A. Not–to-Exceed Budget: The CM shall perform the extra services requested as per Exhibit D.
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CM Compensation. ‌ 7.1. The CM shall be entitled to compensation for its services as set forth in this Section. During the construction and post-construction phases of the Project, the CM shall be entitled to reimbursement of defined direct costs and expenses, described in this Agreement as “General Conditions”, and in addition shall be entitled to fees for services rendered, described in this Agreement as “Fixed Fees”. In addition to General Conditions and Fixed Fees, the CM shall be entitled to reimbursement for the Cost of the Work, as set forth in this Agreement.
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CM Compensation. ‌ 7.1. The CM shall be entitled to compensation for its services as set forth in this Section. During the construction and post-construction phases of the Project, the CM shall be entitled to reimbursement of defined direct costs and expenses, described in this Agreement as "General Conditions Costs", and in addition shall be entitled to fees for services rendered, described in this Agreement as "Fixed Fees". In addition to General Conditions Costs and Fixed Fees, the CM shall be entitled to reimbursement for the Cost of the Work, as set forth in this Agreement. 7.2. Pre-construction and Procurement Compensation: The CM shall be paid a lump sum fee of Twenty Thousand Dollars ($20,000) for pre-construction and procurement phases of the Project. The Pre-construction and Procurement Phases shall be divided into two stages: 7.2.1 Stage One – Design Development Cost and constructability services utilizing subcontractor input on scopes which have significant impact on the overall project cost. Subcontractor prequalification services shall be initiated. A PGMP shall be provided to guide design and to verify budget compliance in line with the Nov 20, 2023 Total Project Cost report provided by the CMAR. $8,000 7.2.2 Stage Two –CD/GMP delivery of the PGMP up to the delivery of the GMP. A final, selective costing exercise shall be undertaken at 75% CD completion, to verify budget compliance and inform the design team and Owner of any minor design changes recommended as well as inclusion of Allowances, Unit Prices and Alternates for benefit of the project and its budget. Subcontractor prequalification services with scoping packages shall be developed, completed and issued for bidding and the GMP proposal for Board consideration provided to the Owner. $12,000 In addition to this lump sum fee, the CM shall be reimbursed the actual direct cost of the following without markups: 7.2.3 Building information models, other models and mockups of building components or elements requested in writing by the Owner. 7.2.4 All other expenses for the pre-construction and procurement phase of the Project are included in and covered by the lump sum fee. 7.3. Construction and General Conditions Compensation to the CM:
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CM Compensation. ‌ 7.1. The CM shall be entitled to compensation for its services as set forth in this Section. During the construction and post-construction phases of the Project, the CM shall be entitled to reimbursement of defined direct costs and expenses, described in this Agreement as "General Conditions Costs", and in addition shall be entitled to fees for services rendered, described in this Agreement as "Fixed Fees". In addition to General Conditions Costs and Fixed Fees, the CM shall be entitled to reimbursement for the Cost of the Work, as set forth in this Agreement. 7.2. Pre-construction and Procurement Compensation: The CM shall be paid a lump sum fee of Forty-Four Thousand Four Hundred Thirty-Six Dollars ($44,436) for pre-construction and procurement phases of the Project. The Pre-construction and Procurement Phases shall be divided into two stages: 7.2.1 Stage One – all work through the delivery of the PGMP. This shall represent Seventy- Five percent (75%) of the Pre-construction and Procurement Phase and shall align with 75% of the construction documents produced by the Designer. Due to the funding of this Project, the ▇▇▇▇ is not authorized to commence to Stage Two until it has received written notification from the Owner. If this Contract is terminated prior to the commencement of Stage Two, the ▇▇▇▇ shall only be entitled for payment for the work completed up to the date of termination. 7.2.2 Stage Two – all work from the delivery of the PGMP up to the delivery of the GMP. This shall represent Twenty-Five percent (25%) of the Pre-construction and Procurement Phase. ▇▇▇▇ is not to begin any work for Stage Two until it receives written notification from the Owner. If this Contract is terminated after Stage Two, the ▇▇▇▇ shall only be entitled for payment for the work completed up to the date of termination. In addition to this lump sum fee, the CM shall be reimbursed the actual direct cost of the following without markups: 7.2.3 Building information models, other models and mockups of building components or elements requested in writing by the Owner. 7.2.4 All other expenses for the pre-construction and procurement phase of the Project are included in and covered by the lump sum fee. 7.3. Construction and General Conditions Compensation to the CM:
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CM Compensation 
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Related to CM Compensation

  • Full Compensation Subrecipient agrees to accept the specified compensation as set forth in this Contract as full remuneration for performing all services and furnishing all staffing and materials required, for any reasonably unforeseen difficulties which may arise or be encountered in the execution of the services until acceptance, for risks connected with the services, and for performance by the Subrecipient of all its duties and obligations hereunder.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125 per hour.

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Annual Compensation The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.