Common use of First Component Clause in Contracts

First Component. The CM shall be entitled to a fixed, not to exceed fee of $393,093 for the First Component and Pre-Construction Services of the Basic Services. The CM’s fee for the First Component shall be paid to the CM via monthly payments based on the fixed fee divided by the duration of services.

Appears in 2 contracts

Sources: Construction Management Services Agreement, Construction Management Services Agreement

First Component. The CM shall be entitled to a fixed, not to exceed fee of $393,093 150,000 for the First Component and Pre-Construction Services of the Basic Services. The CM’s fee for the First Component shall be paid to the CM via monthly payments based on the fixed fee divided by the duration of services.

Appears in 1 contract

Sources: Construction Management Services Agreement