CM'S Compensation Clause Samples

The "CM's Compensation" clause defines the payment terms and structure for the Construction Manager (CM) under the contract. It typically outlines the basis for compensation, such as a fixed fee, cost-plus arrangement, or a percentage of project costs, and may specify what expenses are reimbursable. This clause ensures both parties have a clear understanding of how and when the CM will be paid, thereby reducing the risk of disputes over compensation and promoting transparency in the financial aspects of the project.
CM'S Compensation. The Owner agrees to pay to the CM as compensation for all of its services and work provided for hereunder, including preconstruction and construction services. The fee for preconstruction services, as provided in Exhibit D, is $Click here to enter text. and the sum of a CM fee to be negotiated at the time GMP* is established for Construction Services, as provided for in Exhibit B. *The GMP will be established in a separate amendment to this Agreement. (1) Preconstruction Services (Exhibit D) shall be payable as follows; $Click here to enter text. thirty days following the start date established by the Notice to Proceed, and $Click here to enter text. each thirty (30) days thereafter, for an additional Click here to enter text. monthly installments for a total of $Click here to enter text.. The compensation set forth in this paragraph is designed to pay CM for its services rendered in connection with the preconstruction design phase of the PROJECT. If at any time during the preconstruction design phase, it can reasonably be concluded that CM's services are not being provided in accordance with the schedule of preconstruction services, CM shall be reimbursed based upon a percentage of the services performed during the prior month. (2) CM fee. Not more often than once a month, and on a date established at the Project Pre-Construction Conference, the CM will submit to the Project Manager for review the Estimate and Requisition for Payment Form (EADOC Software). This form shall be filled out and signed by the CM covering the Work- In-Place as of the date of the Application and supported by such data as the Project Manager may reasonably require. In the event that the Project Substantial Completion Date occurs prior to expiration of the construction phase period as set forth in the Project Schedule, the entire remaining balance due under the terms of this Subparagraph (2) shall be due and payable on the Punch List Completion Date.
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CM'S Compensation. The Owner agrees to pay to the CM as compensation for all of its services and work provided for hereunder, including preconstruction and construction services. The fee for preconstruction services, as provided in Exhibit D, is $Click here to enter text. and the sum of a CM fee to be negotiated at the time GMP* is established for Construction Services, as provided for in Exhibit B. *The GMP will be established in a separate amendment to this Agreement. (1) Preconstruction Services (Exhibit D) shall be payable as follows; $Click here to enter text. thirty days following the start date established by the Notice to Proceed, and $Click here to enter text. each thirty (30) days thereafter, for an additional Click here to enter text. monthly installments for a total of $Click here to enter text.. The compensation set forth in this paragraph is designed to pay CM for its services rendered in connection with the preconstruction design phase of the PROJECT. If at any time during the preconstruction design phase, it can reasonably be concluded that CM's services are not being provided in accordance with the schedule of preconstruction services, CM shall be reimbursed based upon a percentage of the services performed during the prior month. 1. not a Facilities and Construction Management project or 2. if it is an F&CM project but it’s below $1 million or of limited scope, as directed by the Project Manager.
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CM'S Compensation. The Parties hereby agree that the last sentence of Section 3.01 CM’s Compensation is replaced in its entirety as follows: The CM fee for Construction Services shall be $X.
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CM'S Compensation. The CITY agrees to pay to the CM as compensation for all its Pre- Construction Services and work provided hereunder for: services and work, the sum of Ninety-Eight Thousand Nine Hundred Ten Dollars and Zero Cents ($98,910.00), and shall be paid on a monthly basis as part of a percentage of work completed on a monthly basis as outlined in Exhibit B. Reimbursable Project Costs are based on application for payment for the actual cost of work completed, submitted monthly, itemized to correspond to the basis of compensation as set forth in Exhibit B, including supportive documentation.
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CM'S Compensation. The Owner agrees to pay to the CM as compensation for all its services and work provided hereunder for: services and work, the sum of One Million Seven Hundred Thirty Six Thousand and No 100 Dollars ($1,736,000) for the Guaranteed Maximum Price (GMP) outlined in Exhibit B.
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CM'S Compensation. The CITY agrees to pay to the CM as compensation for all its services and work provided hereunder for: services and work, the Not-to-Exceed sum of Three Million Four Hundred Ninety-Nine Thousand Dollars and Zero Cents ($3,499,000.00) for The Guaranteed Maximum Price (GMP) outlined in Exhibit B.
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Related to CM'S Compensation

  • 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.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Employees' Compensation The Consultant shall be solely responsible for the following:

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

  • 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.