Common use of Contractor Fee Clause in Contracts

Contractor Fee. Owner shall pay Contractor a fixed percentage markup on Hourly Rates for Work satisfactorily performed by Contractor, as further defined in Schedule J-1 (“Contractor Fee”). The Contractor Fee shall be payable every two (2) weeks for the applicable amount calculated as set forth in Schedule J-1. The Contractor Fee shall not be subject to adjustment except as specified in Schedule J-1.

Contractor Fee. Owner shall pay Contractor a fixed percentage markup on Hourly Rates Allowable Costs for Work satisfactorily performed by Contractor, as further defined in Schedule J-1 (“Contractor Fee”). The Contractor Fee shall be payable every two (2) weeks for the applicable amount calculated as set forth in Schedule J-1. The Contractor Fee shall not be subject to adjustment except as specified in Schedule J-1.