No Fees for Budget-Mandated Deductive Alternates Sample Clauses

No Fees for Budget-Mandated Deductive Alternates. When the Design Professional is required to include deductive alternates for the purpose of having the design meet the construction budget as described in this subparagraph 2.1.7.2.1, no additional compensation will be allowed the Design Professional. The Design Professional must not rely upon alternates for the purpose of probing the market or experimenting to see which design or materials cost the least. If the Owner elects not to exercise a deductive alternate to bring the Project within the Stated Cost Limitation, thereby increasing the Project cost above the Stated Cost Limitation, then the Design Professional’s fee shall not be affected. If, however, the Owner elects to add back such work by Change Order after the award of the Contract, then the Design Professional’s fee shall be adjusted in accordance with Subparagraph 2.1.1.4.4 (c).
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Related to No Fees for Budget-Mandated Deductive Alternates

  • Compensation for Losses Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of:

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