Estimated Fee Clause Samples
The Estimated Fee clause defines the projected amount that will be charged for services or work under the agreement. It typically outlines how the estimate is calculated, what costs are included, and whether the fee is subject to adjustment based on actual work performed or expenses incurred. This clause helps both parties understand the anticipated financial commitment and provides a basis for budgeting and managing expectations, thereby reducing the risk of disputes over payment amounts.
POPULAR SAMPLE Copied 4 times
Estimated Fee. In consideration for rendering the Services in connection with the Production, Client shall pay to Company the amount set forth in Exhibit "A" ("Estimated Fee"), which shall be payable as set forth therein.
Estimated Fee. The Project Budget for this SOW is $273,417. A breakdown of the fee estimate is included as Exhibit B.
Estimated Fee. A. The SHR Method of Rate Calculation is an estimate. The SHR Method is prepared based on extensive experience and is intended to be conservative.
1. Calculating SHR includes, ▇▇▇▇▇’▇ estimate of the amounts that will become payable for specified services are only estimates for planning purposes, are not binding on the parties, and are not the minimum or maximum amounts payable to ▇▇▇▇▇ under the agreement.
2. When estimated compensation amounts have been stated herein and it subsequently becomes apparent to ▇▇▇▇▇ that the total compensation amount thus estimated will be exceeded, ▇▇▇▇▇ shall give Owner notice thereof, allowing Owner to consider its options, including suspension or termination of ▇▇▇▇▇'▇ services for Owner's Convenience. Upon notice, Owner and ▇▇▇▇▇ promptly shall review the matter of services remaining to be performed and compensation for such services. Owner shall either exercise its right to suspend or terminate ▇▇▇▇▇'▇ services for Owner's convenience, agree to such compensation exceeding said estimated amount, or agree to a reduction in the remaining services to be rendered by ▇▇▇▇▇, so that total compensation for such services will not exceed said estimated amount when such services are completed. If Owner decides not to suspend ▇▇▇▇▇'▇ services during the negotiations and ▇▇▇▇▇ exceeds the estimated amount before Owner and ▇▇▇▇▇ have agreed to an increase in the compensation due ▇▇▇▇▇ or a reduction in the remaining services, then ▇▇▇▇▇ shall be paid for all services rendered hereunder.
3. The requirements of minimum work hours and weeks shall remain in effect through negotiations and the minimum requirements of these paragraphs are not negotiable. An RPR is a professional, and if he remains on Site, he is guaranteed the minimum number of hours. Negotiations may Full Time or Daily RPR to Hold Point Observation Services or reduce the number of Daily Inspections. Then minimum hour requirements apply only to demobilization if RPR was Full Time.
Estimated Fee. We propose to provide our services on a time-and-materials basis in accordance with the attached Schedule of Fees. Our estimated fee for the scope of services described herein are presented in the attached Table 1. Ninyo & ▇▇▇▇▇ appreciates the opportunity to provide services on this project, and we look forward to working with you on this project.
Estimated Fee. The Estimated Fee will include the price payable for the Services and for the estimated Products required. We will where reasonably possible use only the Products (and quantities of Products) set out in the Engagement Confirmation however if additional Products are required We will adjust the Final Fee to reflect this. We will keep any increases to a necessary minimum. If the price of Products increases during the period between Your acceptance of the Engagement Confirmation and the Effective Services Start Date, We will inform You of the increase and of any difference in the Final Fee. In consideration of the provision of the Services, You shall pay the Final Fee.
Estimated Fee. The work effort is limited to the not to exceed fee for Basic Services of $119,400. This document describes the basis for compensation and terms of payment.
Estimated Fee. Our fee is based on a 50-hour work week per location. We anticipate that the Terracon representative will stay in the area during the excavation phase, and have made allowances for lodging, transportation, and meals. We have also budgeted for the short memorandum of on-site observations. We anticipate a weekly fee of approximately $7,980 for a total task fee of $15,960.
Estimated Fee. 6 10. Further Appendices to this Model Year Agreement .................................................................. 7 11.
Estimated Fee. The work effort is limited to the not to exceed fee for Basic Services of $95,600. Special Services are for a not to exceed fee of $17,400. The total of Basic and Special Services is $113,000. This document describes the basis for compensation and terms of payment.