CM/GC's Fee Clause Samples
CM/GC's Fee. The proposed GMP Change Order shall include, as a separately identified item, the total Fee for CM/GC's performance of the Work. The Fee shall be stated as a lump sum amount and shall be not more than the amount shown in Paragraph 5 of the Contract.
CM/GC's Fee. If the Preconstruction Phase Services are being rendered simultaneously with Construction Phase Services, each monthly invoice shall include a pro rata portion of the CM/GC’s fee based on the preliminary progress schedule and the actual costs of the Construction Overhead Costs actually incurred. As the schedule is adjusted, each subsequent invoice will be adjusted to provide for the allocation of the Fee throughout the life of the Project.
CM/GC's Fee. The CM/GC's Fee for the performance of the Work, which shall be stated as a lump sum amount commensurate with the scope of the Component Change Order and paragraph 5 of the Contract.
CM/GC's Fee. During the Construction Phase, the CM/GC shall be paid the Fee percentage (stated in Section 7 of the Form of Contract) on all Trade Contractor Costs, General Conditions & Labor Costs, General Requirements Costs, and Contingency Costs, but such Fee shall not exceed the amount stated in Section 7 of the Form of Contract.
CM/GC's Fee. The City and the CM/GC hereby agree that the CM/GC's fee shall not exceed (words), ( ) (numbers) percent of the "Direct Labor Cost" and "Cost of the Work" (See Sections 3.11.1. and 3.11.2, above). The intent and purpose of the GMP is to establish a maximum not-to- exceed price for the total Contract price, not a maximum price for line items, said line items being subject to adjustment by the CM/GC, upon approval by the A/E and the City, provided that such adjustments do not cumulatively exceed this Contract’s GMP. The CM/GC fee shall include the following:
3.11.3.1 Salaries or other compensation of CM/GC's employees at the principal office and branch offices, except employees listed in Section 3.11.1 hereof;
3.11.3.2 General administrative and operating expenses of CM/GC's principal and branch offices other than the Project site office;
3.11.3.3 Any part of CM/GC's capital expenses, including interest on CM/GC's capital employed for the Project, if any;
3.11.3.4 Overhead and any other costs incurred by the CM/GC in the performance of the Contract; and,
3.11.3.5 Cost in excess of the Guaranteed Maximum Price, if any is incurred.