Schedule Incentive Clause Samples

Schedule Incentive a. For any Task Order designated as containing a “Schedule Incentive,” Attachment 5 (Incentive Plan) of the Task Order will establish the following factors:

Schedule Incentive. To the extent that Contingency in excess of one million ($1,000,000) dollars remains at Final Completion, Owner will pay Construction Manager an incentive bonus in the following amounts linked to achieving the following milestones. When calculating savings and schedule incentives, schedule incentives will be calculated first. These dates will be adjusted on a day-for-day basis to the extent that: (1) Owner directs construction to start after March 5, 2004 and (2) such dates are adjusted pursuant to Change Orders under this Agreement. The requirements to achieve the milestones are set forth in Exhibit Q. i. Turnover of floors 3 through 8 (AMEC schedule, NYT 13, IF-100,120 & 140), on or before October 7, 2005: $125,000 ii. Turnover of floors 9 through 16 (AMEC schedule, NYT 13, IF-130, 150, 160 & 170), on or before December 6, 2005: $125,000 iii. Circulate chilled water to NYTC floors after placing first two cooling tower cells into service (AMEC schedule, NYT 13, BS-1030), on or before February 7, 2006: $125,000 iv. Turnover of floors 2, 17 through 26 (AMEC schedule, NYT 13, IF-090, 270, 280, 290, 300 & 320), on or before March 2, 2006: $125,000 v. Building enclosed and water tight, including but not limited to, completion of the roof, curtainwall and caulking (AMEC schedule, NYT 13, SS-220) on or before June 22, 2006: $125,000 vi. Turnover of floors 29-40 (AMEC schedule, NYT 13, IF-180, 190), on or before June 16, 2006: $125,000

Schedule Incentive. (a) Accelerated physical completion of the Rocky Flats Closure Project is a strategic objective of the DOE and has significant benefits to the Government. (b) The Target Schedule Date for physical completion of this contract is set forth in subparagraph (c) below. As set forth in subparagraph (c) below, physical completion on Target Schedule Date will result in $15 million Schedule Incentive Fee. Physical completion earlier than this date will result in $5 million additional fee payment in a uniform daily amount, up to a maximum of the Earliest Schedule date dollar value. For each day that physical completion is later than the Target Schedule Date, the acceleration payment to Contractor will be reduced a uniform daily amount up to a maximum of the Latest Schedule date dollar value, as more fully set forth in the Schedule Incentive graph, Section J, Attachment H. (c) Schedule Incentive Fees will be earned in accordance with the following: Date Incentive Fee ------------------ ------------- Earliest Schedule March 31, 2006 $20,000,000 ----------- Target Schedule December 15, 2006 $15,000,000 ----------- Zero Point March 31, 2007 $ 0 ----------- Latest Schedule March 31, 2008 $20,000,000 Reduction ----------- This is graphically depicted in Section J, Attachment H. (d) In no event shall the schedule incentive fee payable under subparagraphs (b) and (c) plus the incentive fee payable in accordance with Clause I.23 exceed $450,000,000. Any fee reduction for late schedule set forth in subparagraphs (b) and (c) shall be deducted from the incentive fee payable under Clause I.