Common use of Contractor Fee Clause in Contracts

Contractor Fee. 3.1 Owner shall pay Contractor an amount calculated at a fixed, twelve percent (12%) markup on Allowable Costs for Work performed by Contractor in accordance with the Agreement (“Contractor Fee”), subject to Section 6.2 and Article 8 of this Schedule J-1. The Contractor Fee shall be inclusive of all profit and other costs and expenses of Contractor performing the Work, other than the Corporate Overhead, the Allowable Costs and, if applicable, the Incentive Payment. The Contractor Fee is not subject to escalation for any reason, and is subject to adjustment only under the express provisions of this Agreement.

Contractor Fee. 3.1 Owner shall pay Contractor an amount calculated at a fixed, twelve ten and one-half percent (1210.5%) markup on Allowable Costs for Work satisfactorily performed by Contractor in accordance with the Agreement (“Contractor Fee”), subject to Section 6.2 and Article 8 of this Schedule J-1. The Contractor Fee shall be inclusive of all profit and other costs and expenses of Contractor performing the Work, other than the Corporate Overhead, the Allowable Costs and, if applicable, the Incentive Payment. The Contractor Fee is not subject to escalation for any reason, and is subject to adjustment only under the express provisions of this Agreement.