Construction Phase Fee definition

Construction Phase Fee means the amount set forth in Paragraph 3 of Exhibit “A” attached to this Agreement.

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Construction Phase Fee means the fee for Construction Manager’s profit and general overhead, calculated as % of estimated Cost of the Work determined by the City at the time of acceptance of the Guaranteed Maximum Price.

Construction Phase Fee means the amount set forth on Exhibit C and further detailed in Article 8.

Examples of Construction Phase Fee in a sentence

• The GMP Proposal shall include, without limitation, a breakdown of Contractor’s estimated General Conditions Costs in a format as indicated in Exhibit D and estimated Cost of the Work organized by trade and MasterFormat 2012; contingency amounts; the Construction Phase Fee; and the proposed Contract Time, including dates for Notice to Proceed, Substantial Completion and Final Completion.

• If the Owner agrees to an increase or decrease in the Guaranteed Maximum Price, the Construction Phase Fee shall be equitably adjusted.

• Contractor’s Construction Phase Fee is the maximum amount payable to Contractor for any cost or profit expectation incurred in the performance of the Work that is not specifically identified as being eligible for reimbursement by Owner elsewhere in this Agreement.

• References in the UGC to Contractor’s “overhead” and “profit” mean Contractor’s Construction Phase Fee.

• Payment of Contractor’s Construction Phase Fee shall be made with each Application for Payment in the same proportion as the percentage completion of the Cost of the Work of the Project.

• Should the Design/Build Entity submit a proposal for subcontract Work (Work not included in the Design/Build Entity’s Construction Phase Fee and/or General Conditions) herein referred to as “Self-Perform Work”, the proposal conditions shall be the same as for all Subcontractor proposals.

• For Construction Phase Services, based on the anticipated GMP established at the time of this Agreement, Owner shall pay Contractor a stipulated Construction Phase Fee amount of: Four Million Six Hundred Eighty-Five Thousand Two Hundred Seventy-Five and 00/100’s Dollars ($4,685,275.00).

More Definitions of Construction Phase Fee

Construction Phase Fee means the fee for ▇▇▇▇’▇ profit and general overhead.

Construction Phase Fee means the percentage (%) amount set forth in the CMAR Proposal.

Construction Phase Fee. The fee set forth in Section 7.02(d).

Construction Phase Fee means the fee set out in Section 12.7.2.