CONSTRUCTION PHASE SERVICES FEE Sample Clauses
The Construction Phase Services Fee clause defines the payment terms and structure for services provided by a contractor or consultant during the construction phase of a project. Typically, this clause outlines how the fee is calculated—such as a fixed amount, a percentage of construction costs, or based on time and materials—and specifies when and how payments will be made throughout the construction process. Its core practical function is to ensure both parties have a clear understanding of compensation expectations, thereby reducing the risk of disputes over payment during the construction phase.
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CONSTRUCTION PHASE SERVICES FEE. 24.3.1 For Construction Phase Services, Owner shall pay Design/Build Contractor a stipulated Construction Phase Fee equal to percent ( %) of the Construction Cost Limitation for the Project.
CONSTRUCTION PHASE SERVICES FEE. The CM’s Construction Phase Fee is the maximum amount payable to the CM for any cost or profit expectation incurred in the performance of the Work that is not specifically identified as being eligible for reimbursement by the Owner elsewhere in this Contract. References in the UGC to CM’s “overhead” and “profit” mean the CM’s Construction Phase Services Fee. The Construction Phase Fee includes, but is not limited to, the following items.
CONSTRUCTION PHASE SERVICES FEE. Services Covered
CONSTRUCTION PHASE SERVICES FEE. For the construction phase of the contract, I/we agree to perform all construction items of the project including profit and overhead for the itemized Guaranteed Maximum Price (GMP) at 100%. If the City and Contractor cannot agree on the GMP, then the construction phase will be advertised and put to formal bid, per Heber City’s Procurement Policy. Contractor’s Performance & Payment Bond and Insurance – This fee is for all bonds and insurance associated with the construction phase of the contract, based upon the indicated percentage of the cost of construction (agreed upon GMP). Construction Management Fee – Part of the construction phase GMP and includes overhead (e.g., home office), profit, and personnel who will be managing the project during bidding, construction, and closeout, including the warranty period of one-year.