Construction Supervision Fee Sample Clauses
The Construction Supervision Fee clause defines the payment obligations for the costs associated with overseeing and managing construction activities on 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 spent—and specifies when and how payments are to be made. Its core practical function is to ensure that the party responsible for supervision is compensated appropriately, thereby facilitating effective project oversight and reducing the risk of disputes over supervision costs.
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Construction Supervision Fee. For any services performed by Manager pursuant to Paragraph I.14, above, Manager shall receive a construction supervision fee equal to five percent (5%)of the total amount of construction costs approved by Owner, due payable concurrently with the applicable payments to the construction contractor(s) and materialmen.
Construction Supervision Fee. Landlord may, at its option, retain a construction supervisor to oversee the construction and performance of Tenant's Work and Tenant agrees to reimburse Landlord for Landlord's actual costs incurred as a result of Landlord's review and involvement with Tenant's Work.
Construction Supervision Fee. For any services performed by Manager pursuant to Paragraph 1.14, above, Manager shall receive a construction supervision fee equal to five percent (5%)of the total amount of construction costs approved by Owner, due payable concurrently with the applicable payments to the construction contractor(s) and materialmen. 14
Construction Supervision Fee. In consideration of Manager’s management of Capital Replacements, each TRS shall pay Manager a Construction Supervision Fee for any Capital Replacements required to be made or approved by a TRS. Manager shall include the Construction Supervision Fee in the budget for the Capital Replacement for approval by the TRS. The Construction Supervision Fee will be paid monthly in arrears based on Capital Replacements made in such month.
Construction Supervision Fee. Landlord shall have the right to supervise all aspects of the construction of the Suite 505 Improvements; provided, however, that Landlord shall have no responsibility for the management or oversight of the Suite 505 Tenant Improvements. Tenant shall pay to Landlord a construction supervision fee in an amount equal to four percent (4%) of the construction costs, including hard and soft costs, thereof, and such amount shall be deducted from the Suite 505 Tenant Improvement Allowance.
Construction Supervision Fee. Manager shall be entitled to receive, as compensation for any construction supervision services performed by Manager as described in Section 3.3 of this Agreement, five percent (5%) of the Hard Construction Costs of each project for which Manager performs such services (the “Construction Supervision Fee”). In addition, Owner shall reimburse Manager for all reasonable expenses related to such construction supervision services.
Construction Supervision Fee. Sublandlord may, at its option, retain a construction supervisor to oversee the construction and performance of Subtenant's Work and Subtenant agrees to pay the costs of any construction supervisory fee not to exceed $4,000.00. SCHEDULE 1 TO WORK LETTER BASE BUILDING DEFINITION [ALL SUBJECT TO REVIEW AND REVISION TO REFLECT LOWER LEVEL II] FLOORS Floor Leveling The concrete floors of the Building will have a floor level variance of no more than 1/4 inch per 10 feet, non-cumulative Floor Loading The floor loading capacity in the Building is as follows: Live Load: 100 lbs. per SF Partition Load: 125 lbs. per SF -------------------------------------------------------------------------------- DROPPED CEILING AND Dropped ceilings and lights shall be provided LIGHTS "as-is". -------------------------------------------------------------------------------
Construction Supervision Fee. The Construction Supervision Fee regarding the Initial Tenant Improvements (as defined in Section 7.3(g)) and for all subsequent Alterations (as defined in Section 7.3(a)) is [**] percent ([**]%) of the actual “hard” construction project costs and the “soft” costs, including design fees, professional fees and permits, and the purchase and installation price of equipment and mechanical systems which are installed in the Premises; provided, however, in no event (except the construction of the New Building referenced in Section 60) shall the Construction Supervision Fee exceed $[**] per construction project (including, but not limited to, (a) the Initial Tenant Improvements, and (b) any subsequent projects which could have been combined but were undertaken in parts, all of which shall constitute a single construction project). For the purposes of this Section 1.22, a construction project is defined as a project that is completed in twenty-four (24) months or less and does not contain any significant improvements outside the scope of the original project. If the time to complete a project exceeds twenty-four (24) months and contains significant improvements outside the scope of the original project, then Landlord shall have the right to collect a Construction Supervision Fee up to $[**] in connection with the Alterations completed after twenty-four (24) months that are significant improvements outside the scope of the original project. Landlord expressly waives any Construction Supervision Fee for subsequent Alterations that are Minor Alterations (as hereinafter defined in Section 7.3(a)).
Construction Supervision Fee. Any third party fees incurred by Landlord in conjunction with its construction supervision/coordination and, in addition, Tenant shall pay to Landlord a construction supervision fee equal to one percent (1%) of the total Hard Costs (as hereinafter defined), which costs shall be paid from the Construction Allowance, to the extent sufficient for the same, otherwise Tenant shall reimburse Landlord for such costs on demand. As used herein, the “Hard Costs” shall mean the following costs incurred in connection with the Work: all design costs, architectural and engineering fees, construction, permits, construction management fees, project management fees, costs of materials, labor and materials, construction document costs, telecommunications and data cabling and wiring, and Tenant’s security equipment.
Construction Supervision Fee. Landlord or its affiliate shall supervise the Tenant Improvements and act as a liaison between the contractor and Tenant and coordinate the relationship between the Tenant Improvements, the Building, and the Building’s systems. In consideration for Landlord’s construction supervision services, Landlord may pay a construction supervision fee from the Tenant Improvement Allowance equal to three percent (3%) of the total construction costs contracted for by Landlord (which shall exclude (i) Landlord’s Work, (ii) the cost of the IT room and supplemental HVAC equipment and any work that Tenant performs (or has performed) for movement, and installation its IT room and supplemental HVAC related thereto, (iii) furniture, fixtures, security system, equipment or cabling and wiring, (iv) architect and engineering fees, (v) permit and inspection costs, and (iv) other similar soft costs, regardless of whether the items in (i) through (vi) are paid for by Tenant, Landlord or as part of the Tenant Improvement Allowance).