CONSTRUCTION MANAGER'S COMPENSATION Clause Samples

CONSTRUCTION MANAGER'S COMPENSATION. 1. Fees for Professional Services: Construction Manager shall receive compensation, subject to additions and deductions provided for herein, for professional services set forth herein, on the following basis: For the phase(s) identified in Article A, a fixed fee of $X and a staff cost, on an hourly basis, the total of which will not exceed $X. The fee is payable in accordance with the following breakdown: Fixed Fee Staff Cost (hourly) Planning and Programming $ X $ X Schematic Design $ X $ X Design Development $ X $ X Construction Documents $ X $ X Bidding $ X $ X Construction $ X $ X 2. Reimbursables - The Construction Manager shall be reimbursed for actual and reasonable costs incurred by the Construction Manager for the performance of the Owner-requested services as identified in Article A and other reasonable expenses as may be authorized by the Owner in writing. Supporting documentation, including receipts for expenses, is required (refer to Attachment A attached hereto and made a part hereof). The cost for reimbursable expenses is estimated to be

CONSTRUCTION MANAGER'S COMPENSATION. 12.1 The University will pay the Construction Manager as total compensation for services under Article 2 and Articles 3.1 and 3.2 the fee of: CM Pre-construction phase services fee total. Progress payments shall be made on the basis of the satisfactory completion of the pre- construction phases as follows: Schematic Design $ Design Development $ Construction Documents $ Assembly of GMP $ Total $ 12.2 The University will pay the Construction Manager as total compensation for services under Articles 3, 4 and 5 (exclusive of Reimbursable Costs, General Conditions items, and cost of construction as described in Articles 5, 6 and 7), the fee of: At GMP Contract stage(s), insert Construction Phase fee total. 12790989.5 12.3 The amounts paid to the Construction Manager under this Agreement shall not exceed the Guaranteed Maximum Price or, if a Final GMP is established, the Final GMP established in Appendix 7. 12.4 Payments to the Construction Manager will be made for services under this Agreement within forty-five (45) days after receipt of properly executed requests for payments as follows: (a) The fee for services performed under Articles 4 and 5 on the basis of and in proportion to the percentage of total completion of construction as determined by the University, subject to a holdback by the University of ten percent (10%), will be paid upon satisfactory completion by the Construction Manager of all closeout requirements set forth herein and in the General Conditions. (b) The cost of the work performed on separate Subcontracts (including work performed by Construction Manager with its own forces) less a separate retainage as provided in subparagraph (e) on each Subcontract, all as more fully provided in Article 9 of the General Conditions and in subparagraph (e), below, shall be paid to Construction Manager upon satisfactory completion and final acceptance of the work under the specific Subcontract (or, in the University’s discretion, of the completion and final acceptance of each Project Element). (c) For reimbursement of Reimbursable Costs and General Condition items, the Construction Manager shall be paid monthly. (d) After completion and acceptance of all construction work and upon receipt of a release of claims pertaining to all work performed under the terms of this Agreement, the full amount due the Construction Manager shall be paid, subject to the requirements of Article

CONSTRUCTION MANAGER'S COMPENSATION. 7 5.1 Generally........................................................... 7 5.2 Budget.............................................................. 8 5.3 Payment............................................................. 8 5.4 Interest............................................................ 8 5.5 Accounting and Auditing............................................. 8 5.6

CONSTRUCTION MANAGER'S COMPENSATION. In consideration of Construction Manager's performance hereunder, Owner shall pay the Construction Manager a fee in the amount of $75.00 per hour for the time Frank S. Peters and Daniel D. Delano have incurred pursuant to this A▇▇▇▇▇▇▇▇, ▇▇▇▇▇her w▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇t for the cost of insurance related to the Work provided by Construction Manager and reasonable out-of-pocket expenses. The "Construction Manager's Fee" shall be payable to the Construction Manager in monthly installments along with progress payments for the Work as provided in paragraph 5(b), above, based upon hours of work. The final installment of the Construction Manager's Fee shall be paid along with the final payment to Contractors for the Cost of the Work as provided in paragraph 5(e) above.

CONSTRUCTION MANAGER'S COMPENSATION. .1 For the Construction Manager’s Basic Services described under Article 3, the Owner shall compensate the Construction Manager as follows: .2 For Preconstruction Phase Services in Section 3.2 (of the Master Agreement): (Insert amount of, or basis for, compensation, including stipulated sums, multiples or percentages) Holland Construction Services Preconstruction Total: $92,520.00 .3 For Construction Phase Services in Section 3.3 (of the Master Agreement): (Insert amount of, or basis for, compensation, including stipulated sums, multiples or percentages) Construction Manager’s fee shall be 6% of the cost of the work, 6% of the cost of any consultants not included in the cost of the work in addition to reimbursable expenses plus a reimbursable expenses fee of 10%.

CONSTRUCTION MANAGER'S COMPENSATION. Owner agrees to pay the Construction Manager the fixed sum of $_11,985_(the “Preconstruction Phase Fee”) for the Services defined above. If Construction Manager is requested to provide services during the Preconstruction Phase other than those described above, the Preconstruction Phase Fee shall be equitably adjusted.

CONSTRUCTION MANAGER'S COMPENSATION