CMR's Construction Fee Sample Clauses
The "CMR's Construction Fee" clause defines the compensation structure for the Construction Manager at Risk (CMR) for their services during a construction project. Typically, this fee is calculated as a percentage of the total construction costs or as a stipulated lump sum, and it covers the CMR's overhead, profit, and sometimes specific project management services. The clause clarifies how and when the fee is determined and paid, ensuring both parties understand the financial terms. Its core function is to establish transparent and predictable payment terms for the CMR, thereby reducing disputes and aligning expectations regarding project costs.
CMR's Construction Fee. The CMR'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.
CMR's Construction Fee. The proposed GMP Change Order shall include, as a separately identified dollar amount, stated as maximum (not to exceed) sum, the Construction Fee for CMR’s performance of the Work as calculated using the percentages stated in Paragraph 5 of the Contract, and will fluctuate with the actual cost of the work. The Construction Fee shall include the fee amounts previously stated as part of approved Component Change Orders. The CMR’s Fee shall not be increased because the Actual Cost of the Work, Overhead and Expenses exceeds the allowable limits.