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.
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.
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.
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.
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.
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.