Fee Curve definition

Fee Curve means the schedule of the Design Fee as a Percent of Construction Costs, proposed by the Consultant and agreed to by DCAS. The Fee Curve is the rate at which the Consultant is compensated on a per Project basis for providing all required design services to successfully complete
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Examples of Fee Curve in a sentence

  • The Design Fee calculated in accordance with the Fee Curve may be subject to adjustment in accordance with the complexity and/or simplicity factors set forth below.

  • For the purpose of applying the Fee Curve, the total estimate of the cost of construction for the Project shall be the total estimate of the cost of construction of the Project approved in writing by the Commissioner at the conclusion of Design Development.

  • For the purpose of the Fee Curve (Exhibit C), the total actual cost of construction for the Project shall be defined as the total dollar value of all required construction Work for the Project, calculated in accordance with bid prices contained in the construction subcontracts, which has been accepted by the Director and paid for hereunder.

  • The Design Fee shall be calculated as a percent of the total estimated cost of construction for the Project in accordance with the Fee Curve set forth in Exhibit D.

  • Upon completion of all required services by the Construction Manager, the total Fee for Profit for the Project shall be determined as follows: the total actual cost of construction for the Project, as defined above, shall be multiplied by the applicable percent set forth in the Fee Curve (Exhibit C).

  • If the total estimate of the cost of construction falls between the dollar levels designated in the Fee Curve, the Design Fee shall be interpolated on a straight- line basis between the corresponding two-dollar levels.

  • The Fee Curve set forth in Exhibit C shall apply to the Agreement term and any extension thereof.

  • For the purpose of applying the Fee Curve, the total estimate of the cost of construction of the Project shall not include any costs or expenses in connection with the items set forth below.

  • If the total estimate of the cost of construction falls between the dollar levels designated in the Fee Curve, the Design Fee shall be interpolated on a straight- line basis between the corresponding dollar levels.

  • In the event the Commissioner determines that any of the complexity factors set forth below apply to the Project, the Design Fee calculated in accordance with the Fee Curve shall be increased by an amount determined solely by the Commissioner.

Related to Fee Curve