Design Builder’s Phase 1 Compensation Clause Samples

The 'Design Builder’s Phase 1 Compensation' clause defines the payment terms and structure for the design builder’s services during the initial phase of a project. It typically outlines the specific amount or method of calculating compensation, the schedule for payments, and any conditions that must be met for payment to be made, such as completion of certain deliverables or milestones. This clause ensures that the design builder is fairly compensated for preliminary work, clarifies financial expectations, and helps prevent disputes over payment during the early stages of the project.