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.
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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.
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Related to CMR's Construction Fee

  • New Construction If this contract is for a Property that is newly constructed and the new construction option is selected, coverage begins on day one (1) of month thirteen

  • ADDITIONAL CONSTRUCTIONS The Promoter undertakes that it has no right to make additions or to put up additional structure(s) anywhere in the Project after the building plan has been approved by the competent authority(ies) except for as provided in the Act.

  • Contract Construction 6.27.1 The parties acknowledge that each party and its counsel have reviewed this CONTRACT and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this CONTRACT or any amendment or exhibits hereto.

  • Project Construction The Contractor agrees to provide continuous on-site supervision on each Job Order, while progress on the project is being accomplished. The Contractor’s Project Manager will ensure: 1. Coordination and providing supervision to all Subcontractor and workers; 2. Posting of the prevailing wage scale; 3. Maintaining a copy of the Contractors safety program manual made available to all construction personnel; 4. Conducting weekly on-site safety meetings; 5. Completing the daily labor and construction progress log on a daily basis and submit copies to the County on a daily basis. Copies of the previous day’s reports must be submitted by 9:00AM of the following day. a. Daily labor log is to include a listing of Subcontractor(s) and a count of workers by trade providing services for the day. b. Construction progress log is to include a narrative of the Work provided by trade(s). Narrative agrees to include the various areas of the jobsite where Work was performed and any problems or conditions that were encountered. c. In the event the Contractor fails to provide a daily log and/or construction progress log, the County may impose damages against the Contractor in the amount of fifty dollars ($50.00) for each log and deduct from the Contractor’s payment request, for each day the Contractor does not provide the documentation. 6. County may suspend Contractor operations if no Contractor Superintendent is observed. All delays caused by the suspension will be the responsibility of the Contractor. No time extension or claims for cost(s) associated with the suspension will be granted by the County.

  • General Construction 20.2.1. Binding Nature.............................................. 20.2.2. Entire Agreement............................................ 20.2.3. Governing Law............................................... 20.2.4. Indulgences Not Waivers..................................... 20.2.5. Titles Not to Affect Interpretation......................... 20.2.6.