Fixed Fee For Design Services Sample Clauses
Fixed Fee For Design Services. Monthly invoices shall include a proportion of the Fixed Fee For Design Services amount set forth in Article VIII(c)(1)(i) based on the percentage of completion of the Schematic Design, Design Development Construction Documents, and Bidding/Negotiation during the billing month. If an alternate payment schedule is incorporated into this Contract, monthly invoices shall include amounts per the payment schedule. In no event will amounts be paid that are in excess of the corresponding Fixed Fee For Design Services amount established for each design phase as set forth in Article VIII(c)(1)(i).
Fixed Fee For Design Services. In full compensation for the Design Builder’s Design Services, including, without limitation, full compensation for all the Design Services of the Design Professional, including, without limitation, Design Professional Basic Subconsultants (and excluding only compensation for Design Professional Specialized Subconsultants and compensation for Reimbursable Design Expenses), Princeton University shall pay to Design Builder the fixed amount of $TBD (TBD Dollars) (the “Fixed Fee For Design Services”). The Design Builder’s Fixed Fee For Design Services and amounts invoiced thereunder shall be separately and clearly identified in each Application for Payment and shall be allocated as follows: Schematic Design Phase [15%] ..................................... $x,xxx,xxx.xx Design Development Phase [20%] .................................... $x,xxx,xxx.xx Construction Documents Phase [30%] ............................. $x,xxx,xxx.xx Bidding or Negotiation Phase [5%] ................................... $x,xxx,xxx.xx Construction Phase [25%]................................................. $x,xxx,xxx.xx Closeout Phase [5%] ........................................................ $x,xxx,xxx.xx (Note 1) Note 1 – When the optional services for Comprehensive Archive Drawings and Specifications are invoked by Article IV(g)(4)(ii) at the time of Contract execution, the fixed fee for these services is included as a part of the Closeout Phase allocation amount.