Construction Manager’s Fees definition

Construction Manager’s Fees means the Construction Phase fee to be negotiated with the Construction Manager for general conditions, overhead and profit compensation portion of the GMP, as defined below. Construction Phase Services means the services to be performed through the Construction Manager during the construction phase of the Project, including without limitation, the Construction Work and such other services as required by this Agreement or reasonably inferred herein. Construction Work means all Work required by this Agreement for the Construction Phase of Project.
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Examples of Construction Manager’s Fees in a sentence

  • In the event the scope of work is reduced or after the work is completed, any unused contingency amount is returned to the Owner, the Construction Manager’s Fees will be reduced using the established Construction Manager’s Fee percentage times the amount of the direct work scope reduction and/or the reduction in contingency.

  • Monthly Statements - The Construction Manager shall submit to the Owner a statement, sworn to, showing in detail all monies paid out, costs accumulated or costs incurred on account of the Cost of the Project during the previous period and the amount of the Construction Manager’s Fees due as provided in Article 8.

  • In the event the scope of work is reduced or after the Project is completed, any unused contingency amount is returned to the Owner, the Construction Manager’s Fees will be reduced using the established Construction Manager’s Fee percentage times the amount of the direct work scope reduction and/or the reduction in contingency.

  • If at the time of final payment to Construction Manager, the sum of the actual cost of the Work and Construction Manager’s Fees are less than the GMP, as such GMP may have been adjusted over the course of the Project for approved scope Changes, the difference (“Savings”) shall be shared as stated in the Agreement.

  • The Construction Manager shall submit to the College a statement, sworn to, showing in detail all monies paid out, costs accumulated or costs incurred on account of the Cost of the Project during the previous period and the amount of the Construction Manager’s Fees then due.

  • Moreover, any sums approved for stored materials shall be at actual costs and shall not include markup by Subcontractors or subcontractors or Construction Manager’s Fees.

  • Any supervisory or personnel positions not identified in the General Requirements shall be deemed included in the Construction Manager’s Fees.

  • If there is a material reduction in the scope of Work greater than fifteen percent (15%) of the Fixed Limit of 5 Construction Cost, the Construction Manager’s Fees shall be reduced proportionally after the fifteen percent (15%).

  • If at the time of final payment to Construction Manager, the sum of the actual cost of the Work and Construction Manager’s Fees are less than the GMP, as such GMP may have been adjusted over the course of the Project for approved scope changes, the difference (“Savings”) shall be shared as follows: One Hundred percent (100%) to the City.

Related to Construction Manager’s Fees

  • Construction Manager means a competent person responsible for the management of the physical construction processes and the coordination, administration and management of resources on a construction site;

  • Construction management at-risk means a project delivery method in which the District awards separate contracts, one for architectural and engineering services to design an infrastructure facility and the second to a construction manager at-risk for both construction of the infrastructure facility according to the design and construction management services.

  • Construction Phase Services means the coordination, implementation and execution of the Work required by this Agreement, which are further defined in Article 8.