Common use of Preconstruction Phase Fee Clause in Contracts

Preconstruction Phase Fee. For the performance of the services set forth under paragraphs 2.1.3(l), 2.1.4(a)(b)(c)(d), 2.3(1) and 2.3(2) and for profit and overhead related to these services, a total fee of ($ Amount). The Preconstruction Phase Fees is based on constructability review, value engineering and estimates of probable cost and shall be paid as follows: At Submittal of 50% Construction Documents/Estimates ($ Amount) At Submittal of 100% Construction Documents/Estimates ($ Amount) At Guaranteed Maximum Pricing/Bidding ($ Amount) The Construction Manager's personnel to be assigned during this phase and their duties and responsibilities to this project and the duration of their assignments are shown on Exhibit C.