General Contractor Fee definition
Examples of General Contractor Fee in a sentence
Upon providing the aforementioned services, the Contractor shall issue the invoice for the General Contractor Fee.
The General Contractor Fee shall be invoiced concurrent with reimbursement invoices for Qualified Land Development Costs but charged separately to maintain cost documentation transparency.
Costs of marketing land within the Project to builders, Universities or other vertical developers or end users are addressed in Section 6 of the Term Sheet; costs associated with marketing the Project shall not be included in the calculation of the General Contractor Fee or Developer Management Fee.
As provided in Section 5 of the Term Sheet, the General Contractor Fee shall be charged separately as a percentage of the hard cost component of the Qualified Land Development Costs during the same period.
If the Special Terms and Conditions state that the General Contractor Fee is applicable, the Contractor shall, at its own expense, following the list, agreed on by the Parties, ensure the supply of electricity and/or water (for construction needs) on the site, and/or waste disposal and/or fencing and lighting of the construction site, however, the Subcontractor shall pay the fixed rate General Contractor Fee, specified in the Special Terms and Conditions, for these services.
The cost of Tenant Improvements shall consist of only the following to the extent actually incurred by General Contractor in connection with the construction of Tenant Improvements: construction costs, all permit fees, all fees associated with Tenant's Architect, engineers and consultants, construction taxes or other costs imposed by governmental authorities related to the Tenant Improvements, and the General Contractor Fee as described in Section 5.
The parties acknowledge that the City will pay costs of financing the Qualified Land Development Costs but that such financing costs are not a hard or soft cost included in the calculation of the General Contractor Fee or Developer Management Fee.
Each Party shall also have the right, after providing written notice to the other Party, to terminate the Master Developer Agreement at any time without cause, subject to conditions to be specified in the Master Developer Agreement (i.e. City payment of Qualified Land Development Costs, General Contractor Fee, and Developer Management Fee already incurred as of the termination date and termination by HomeFed of existing third party contracts in accordance with the terms thereof, etc.).
In addition, HomeFed legal fees and expenses (including in-house attorneys and outside legal counsel) are not payable or reimbursable as Qualified Land Development Costs or included in the calculation of the General Contractor Fee or Developer Management Fee.
If any dispute arises under this Letter, the Attorney and the Client shall negotiate in good faith to settle such dispute.