Common use of CONSTRUCTION MANAGER'S COMPENSATION Clause in Contracts

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. 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: Phase Portion of Fee Schematic Design $ Design Development $ Construction Documents $ Assembly of GMP $ Total $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