Construction Administration Fee definition

Construction Administration Fee. A fee equal to $25,000, payable to Agent, for its own account on the Closing Date.

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Construction Administration Fee means for all work performed in the Premises, except any initial buildout of the Premises as set forth in Exhibit B, whether performed by Landlord or Tenant, Tenant shall pay to Landlord the following fee: General Contractor - if Landlord is the general contractor for the project and is performing the work and/or contracting with the subtrades on Tenant's behalf, the fee shall be negotiated by the parties at the time of contract.

Construction Administration Fee means for all work performed in the Premises, whether performed by Landlord or Tenant, Tenant shall pay to Landlord the following fee: 1

Examples of Construction Administration Fee in a sentence

• The Construction Administration Fee (CAF) is three percent (3.0%) of the basic services fee plus all additional services fees rounded up to the next hundred dollars as shown on Appendix A.

• If increases in the cost of the Tenant Improvements as set forth in the Work Cost Statement are due to requirements of any governmental agency, Tenant shall be solely responsible for such additional costs including the Construction Administration Fee, which fee shall be paid to Landlord within five (5) business days after invoice therefor; provided, however, that Landlord will first apply toward any such increase any remaining balance of the Allowance.

• Tenant shall be solely responsible for any additional costs associated with such changes including the Construction Administration Fee, which fee shall be paid to Landlord within five (5) business days after invoice therefor.

• DB’s Construction Services Fee, General Conditions Costs, Construction Administration Fee, and DB Contingency shall, in addition to the requirements of UGC Section 10.1, be shown as a separate line items on the Schedule of Values and on each monthly Application for Payment.

• Notwithstanding anything to the contrary contained hereinabove, all disbursements of the Tenant Improvement Allowance shall be subject to the prior deduction of the portion of the Construction Administration Fee allocable to the Tenant Improvements described in the applicable Draw Request.

• Landlord shall pay to itself the Construction Administration Fee, and deduct the same from the Construction Allowance.

• Notwithstanding anything to the contrary contained hereinabove, all disbursements of the Allowance shall be subject to the prior deduction of the portion of the Construction Administration Fee allocable to the Tenant Improvements described in the applicable Draw Request.

• All payments of principal and interest in respect of outstanding Advances, all payments of fees (other than the Construction Administration Fee and the Agency Fee) and all other payments in respect of any other Obligations, shall be allocated among such of the Lenders as are entitled thereto, in proportion to their respective Pro Rata shares or otherwise as provided herein.

• Tenant shall pay to Landlord the total cost of any Additional Tenant Work (including the Construction Administration Fee) within 10 days of receipt of Landlord's invoice for same.

• Tenant shall pay Landlord a fee (the "Construction Administration Fee") equal to two percent (2%) of Construction Allowance to compensate Landlord for administering the Tenant Improvement Work.

More Definitions of Construction Administration Fee

Construction Administration Fee means for all work performed in the Premises except the initial buildout of the Premises pursuant to Exhibit B herein, whether performed by Landlord or Tenant, Tenant shall pay to Landlord five percent (5%) of the cost of the work.

Construction Administration Fee shall be as follows: (A) with respect to an Alteration performed prior to the fifth (5th) anniversary of the Commencement Date, the Construction Administration Fee shall be an amount equal to the actual costs and expenses incurred by or on behalf of Landlord in connection with the review and supervision of said Alteration, including an allocation of the internal costs and expenses incurred for employees, representatives, and agents of Landlord and/or Landlord’s Agent, and out-of-pocket third-party fees, costs and expenses incurred by Landlord in connection therewith, excepting only to the extent such fees, costs and expenses are otherwise included in Operating Expenses; and (B) from and after the fifth (5th) anniversary of the Commencement Date, the Construction Administration Fee for each Alteration shall be calculated as follows: (i) an amount equal to four percent (4%) of the hard construction costs, to the extent the hard construction costs are greater than $250,000.00 but are equal to or less than $2,500,000.00; (ii) an amount equal to three and one-half percent (3.5%) of the hard construction costs, to the extent the hard construction costs equal or exceed $2,500,001.00 but are equal to or less than $3,500,000.00; (iii) an amount equal to three percent (3%) of the hard construction costs, to the extent the hard construction costs equal or exceed $3,500,001.00 but are equal to or less than $4,500,000.00; (iv) an amount equal to two and one-half percent (2.5%) of the hard construction costs, to the extent the hard construction costs equal or exceed $4,500,001.00 but are equal to or less than $5,500,000.00; and (v) an amount equal to two percent (2%) of the hard construction costs, to the extent the hard construction costs equal or exceed $5,500,001.00. At Landlord’s request, Tenant shall deliver to Landlord reasonable supporting documentation evidencing the hard construction and soft costs incurred by Tenant in designing and constructing any Alterations.

Construction Administration Fee means for all Work (defined in Exhibit B) performed in the Premises in accordance with the initial buildout of the Premises pursuant to Exhibit B whether performed by Landlord or Tenant: Tenant shall pay to Landlord for the payment of Landlord's reasonable actual out-of pocket expenses (not to exceed $1,500.00) for any necessary consultants to review plans and specifications and for Landlord's supervision of the construction process.