COMPENSATION FOR CONSTRUCTION PHASE SERVICES Clause Samples
The "Compensation for Construction Phase Services" clause defines how and when payment will be made to a contractor or service provider for work performed during the construction phase of a project. Typically, this clause outlines the fee structure, such as lump sum, cost-plus, or unit pricing, and may specify milestones or deliverables that trigger payments. It also often addresses reimbursable expenses and the process for submitting invoices. The core function of this clause is to ensure both parties have a clear understanding of payment terms, reducing the risk of disputes over compensation during the construction process.
COMPENSATION FOR CONSTRUCTION PHASE SERVICES. The Owner shall compensate the Construction Manager for Construction Phase services as follows:
COMPENSATION FOR CONSTRUCTION PHASE SERVICES. 5.1 For the Construction Manager’s performance of the Work in accordance with the Contract Documents as described in Section 2.3, the Owner shall subject to the provisions of Section 11.7 of this Agreement, pay the Construction Manager the Contract Sum in current funds. The Contract Sum is the Cost of the Work as defined in Section 6.1.1 plus the Construction Manager’s Fee.
§ 5.1.1 The Construction Manager’s Fee:
COMPENSATION FOR CONSTRUCTION PHASE SERVICES. 5.1 Compensation § 5.2 Guaranteed Maximum Price § 5.3 Changes in the Work
COMPENSATION FOR CONSTRUCTION PHASE SERVICES. City shall compensate the Construction Manager for Construction Phase Services as follows:
COMPENSATION FOR CONSTRUCTION PHASE SERVICES. 5.1 For the Construction Manager’s performance of the Work as described in Section 2.3, the Owner shall pay the Construction Manager the Contract Sum in current funds. The Contract Sum is the Cost of the Work as defined in Section 6.1.1 plus the Construction Manager’s Fee.
§ 5.1.1 The Construction Manager’s Fee:
§ 5.1.2 The method of adjustment of the Construction Manager’s Fee for changes in the Work:
§ 5.1.3 Limitations, if any, on a Subcontractor’s overhead and profit for increases in the cost of its portion of the Work:
§ 5.1.4 Rental rates for Construction Manager-owned equipment shall not exceed « » percent ( « » %) of the standard rate paid at the place of the Project.
§ 5.1.5 Unit prices, if any: Item Units and Limitations Price per Unit ($0.00)
COMPENSATION FOR CONSTRUCTION PHASE SERVICES. The Construction Manager’s Fee: 4.0% of the Cost of the Work for a fixed fee of $28, 570.
COMPENSATION FOR CONSTRUCTION PHASE SERVICES. 5.1 For the Construction Manager’s performance of the Work as described in Section 2.3, Construction Manager the Contract Sum in current funds. The Contract Sum is the Cost of t Section 6.1.1 plus the Construction Manager’s Fee.
COMPENSATION FOR CONSTRUCTION PHASE SERVICES. For ▇▇▇▇'▇ performance of the Work as described in Section 8.3, County shall pay CMAR the Contract Sum in current funds for ▇▇▇▇'▇ performance of this Contract. The Contract Sum is the Cost of the Work as defined in Paragraph 5.1.1 plus ▇▇▇▇'▇ Fee.
COMPENSATION FOR CONSTRUCTION PHASE SERVICES. 5.1 For ▇▇▇▇'▇ performance of the Work as described in Section 2.3, County shall pay ▇▇▇▇ the Contract Sum in current funds for ▇▇▇▇'▇ performance of this Contract. The Contract Sum is the Cost of the Work as defined in Paragraph 6.1.1 plus ▇▇▇▇'▇ Fee.
COMPENSATION FOR CONSTRUCTION PHASE SERVICES. § 5.1.1 The Construction Manager’s Fee for Construction Phase services is 1.85% of the Cost of the Work.