Construction Supervision Fees Sample Clauses
The Construction Supervision Fees clause defines the costs associated with overseeing and managing construction activities on a project. It typically outlines how these fees are 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. This clause ensures that both parties understand the financial obligations related to supervision, helping to prevent disputes over payment and clarifying the scope of supervisory services included in the agreement.
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Construction Supervision Fees. Manager shall supervise construction performed by or on behalf of Owner with respect to the Properties, including, but not limited to, capital repairs and improvements, major building reconstruction and tenant improvements (collectively, “Construction Work”). In the event that Manager supervises the Construction Work with respect to a Property, Owner shall pay Manager a construction supervision fee equal to an amount not greater than five percent (5%) of all hard construction costs incurred in connection with the Construction Work. Owner shall pay construction supervision fees at the same time it makes payments to any third party contractors in respect of any Construction Work at that Property.
Construction Supervision Fees. Manager shall supervise construction performed by or on behalf of Owner with respect to the space in the Project, including, but not limited to, capital repairs and improvements, major building reconstruction and tenant improvements (collectively, “Construction Work”). In the event that Manager supervises a single Construction Work project with respect to a Project with hard construction costs in excess of $50,000, Owner shall pay Manager a construction supervision fee equal to an amount not greater than five percent (5%) of all hard construction costs incurred in connection with the Construction Work. Owner shall pay construction supervision fees at the same time it makes payments to any third party contractors in respect of any Construction Work.
Construction Supervision Fees. Construction Supervision Fees shall be ----------------------------- payable pursuant to the terms of the respective Joint Venture Agreement.