Compensation for Basic Construction Contract Administration Services Sample Clauses
The "Compensation for Basic Construction Contract Administration Services" clause defines how and when the architect or administrator will be paid for overseeing the construction contract. Typically, this clause outlines the fee structure—such as a fixed fee, percentage of construction cost, or hourly rates—and specifies which services are included under basic administration, like site visits, reviewing contractor submissions, and certifying payments. Its core function is to ensure both parties have a clear understanding of payment expectations, reducing the risk of disputes over compensation for standard contract administration tasks.
Compensation for Basic Construction Contract Administration Services. If the Owner elects to require the Design Professional to provide Basic Construction Contract Administration Services, the Owner agrees to pay the Design Professional an additional LUMP SUM FEE specified in the Contract for such services rendered, hereinafter known and referred to as the "Basic Construction Contract Administration Services Fee."
