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. To the extent that Manager is asked to supervise or oversee any capital improvement or tenant improvement project related to the Property, Owner shall pay to Manager a construction supervision fee (“Construction Supervision Fee”) equal to five percent (5%) of the hard costs of the specific capital improvement project or tenant improvement project. Unless Owner and Manager agree otherwise, the Construction Supervision Fee for each project shall be payable in equal monthly installments based on the schedule for construction of such construction project.
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. 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. 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. Borrower shall be entitled to receive the remaining School Construction Supervision Fee from the SCA in accordance with the School Unit Purchase Agreement and in accordance with Section 2.11 of this Agreement.
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. Tenant shall pay to Landlord the actual cost of construction supervision in an amount not to exceed three percent (3%) of the Total Construction Cost. Such fee shall be paid to Landlord after Substantial Completion of the Improvements within ten (10) days after receipt of Landlord’s invoice therefor.
Construction Supervision Fee. The Advisor (or an Affiliate ---------------------------- thereof) shall be entitled to a construction supervision fee ("Construction Supervision Fee") for each Capital Expenditure incurred at a Project, the cost of which must be greater than $100,000. The fee shall be equal to 3% of the cost of such Capital Expenditures. The Construction Supervision Fee shall not exceed the sum of $150,000 for any one Capital Expenditure or cumulative Capital Expenditures undertaken as part of one improvement project.
Construction Supervision Fee. Tenant shall pay an administrative fee (the “Construction Supervision Fee”) to compensate Landlord for the review of plans and supervision of the Tenant Improvements in an amount equal to one percent (1%) of the Hard Construction Costs (hereinafter defined). Such administrative fee shall be deducted by Landlord from any Available Allowance. As used herein, the term “Hard Construction Costs” means all Construction Costs excluding insurance, architectural, engineering and design services.
Construction Supervision Fee. An amount equal to 3.5 percent of Hard Construction Costs payable by City to Developer under the terms hereof.