Percent Fee Clause Samples
Percent Fee. “Percent Fee” means the percentage amount on the MACC to be earned by the GC/CM as overhead and profit and as further defined in Section 6.5 of this GC/CM Contract.
Percent Fee. Fixed Amount of Specified General Conditions work.
Percent Fee. The Contractor submitted a dollar amount on the Form of Proposal which represented the Percent Fee stated as a percentage of the estimated MACC. The actual Percent Fee of the MACC stated on page one (1) of this Contract is a set dollar amount calculated by multiplying the proposed fee percentage by the actual negotiated MACC. The Percent Fee amount shall be adjusted based on deductive or additive change orders by multiplying the proposed fee percentage by the actual amount of the change order. If the MACC varies more than fifteen percent (15%) from the estimated MACC stated on the Proposal Form due to requested and approved changes in the scope by the Owner, the Percent Fee shall be renegotiated. The Percent Fee shall cover the following:
6.5.1.1 All profit of the Contractor for this Project.
6.5.1.2 All regional and home office overhead expenses, including labor and materials, travel, phone, facsimile, postage, and other incidental office expenses attributed to work on this Project that is not specifically identified in the Specified General Conditions Work.
6.5.1.3 All overhead expenses of the Contractor for participation in and the support of the Subcontractor bidding process of the Project.
6.5.1.4 Other than retail sales tax, the Percent Fee shall cover all taxes owed by the Contractor including City and State B&O tax.
6.5.1.5 Contractor’s performance and payment bond.
6.5.1.6 Contractor’s liability insurance coverage.
Percent Fee. The Contractor submitted a dollar amount on the Form of Proposal which represented the Percent Fee stated as a percentage of the estimated MACC. The actual Percent Fee of the MACC stated on page one (1) of this Contract is a set dollar amount calculated by multiplying the proposed fee percentage by the actual negotiated MACC. The Percent Fee amount shall be adjusted based on deductive or additive change orders by multiplying the proposed fee percentage by the actual amount of the change order. The Percent Fee shall cover the following:
6.5.1.1 All profit of the Contractor for this Project.
6.5.1.2 All regional and home office overhead expenses, including labor and materials, travel, phone, facsimile, postage, and other incidental office expenses attributed to work on this Project that is not specifically identified in the Specified General Conditions Work.
6.5.1.3 All overhead expenses of the Contractor for participation in and the support of the Subcontractor bidding process of the Project.
6.5.1.4 Other than retail sales tax, the fee shall cover all taxes owed by the Contractor including City and State B&O tax.
6.5.1.5 Contractor’s performance and payment bond.
Percent Fee. The Contractor submitted a dollar amount on the Form of Proposal that represented the Percent Fee stated as a percentage of the estimated MACC. The actual Percent Fee of the MACC stated on the first page of this Agreement is a set dollar amount calculated by multiplying the proposed fee percentage by the actual negotiated MACC. The Percent Fee amount will be adjusted based on deductive or additive Change Orders by multiplying the proposed fee percentage by the actual amount of the change order. If the MACC varies more than fifteen percent (15%) from the estimated MACC for the relevant Component(s) stated on the Final Proposal Form due to requested and approved changes in the scope by the Owner, the Percent Fee will be renegotiated; provided, however, that amendment(s) to this Agreement to add to the MACC for other Components per Section 6.8 will not trigger such renegotiation. The Percent Fee will cover the following:
6.5.1.1 All profit of the Contractor for this Project.
6.5.1.2 All regional and home office overhead expenses, including labor and materials, travel, phone, facsimile, postage, and other incidental office expenses attributed to work on this Project that is not specifically identified in the Specified General Conditions Work.
6.5.1.3 All overhead expenses of the Contractor for participation in and the support of the Subcontractor bidding process of the Project.
6.5.1.4 Other than retail sales tax, the fee will cover all taxes owed by the Contractor, including, but not limited to, city and state B&O tax.
6.5.1.5 Contractor’s performance and payment bond.
6.5.1.6 Contractor’s liability insurance coverage as required by the Contract Documents.
Percent Fee. 6.6.1 6.6.1. Payment of Percent Fee Amount. The Percent Fee Amount shall be earned and paid on a monthly basis following the mutual execution of the MACC Amendment, by multiplying the Percent Fee Percentage by the portion of the MACC due to the GC/CM. The Percent Fee Amount is not a fixed amount payable to the GC/CM. Rather, it is earned and due on a monthly basis as a function of multiplying the Percent Fee Percentage by the actual cost of the Work within the MACC that is payable that month.
Percent Fee