Common use of Landlord’s Retention of Contractor Clause in Contracts

Landlord’s Retention of Contractor. Landlord shall independently retain Contractor to construct the Improvements in accordance with the Approved Working Drawings and the Cost Proposal and Landlord shall supervise the construction by Contractor, and Tenant shall pay a construction supervision and management fee (the "Landlord Supervision Fee") to Landlord in an amount equal to the product of (i) two percent (2%) and (ii) an amount equal to the sum of the those certain Improvement Allowance Items identified in Sections 2.2.2, 2.2.3 and 2.2.5 of this Work Letter (i.e., the "hard" costs of construction).