Common use of Award Fee Clause in Contracts

Award Fee. The Design-Builder acknowledges and agrees that forty percent (40%) of the Design-Build Fee (the “At Risk Portion”) is at risk, and the Design-Builder shall only be entitled to the At Risk Portion as set forth in Section 7.1.4. Unless and until the Design-Builder’s entitlement to any subset of the At Risk Portion is determined by the Department, the Design-Builder shall only be entitled to xxxx for the portion of the Design-Build Fee that is no at risk. The portion that is not at risk shall be billed in accordance with Article 9.

Award Fee. The Design-Builder acknowledges and agrees that forty percent (40%) of the Design-Build Fee (the “At Risk Portion”) is at risk, and the Design-Builder shall only be entitled to the At Risk Portion as set forth in Section 7.1.4. Unless and until the Design-Design- Builder’s entitlement to any subset of the At Risk Portion is determined by the Department, the Design-Builder shall only be entitled to xxxx for the portion of the Design-Build Fee that is no not at risk. The portion that is not at risk shall be billed in accordance with Article 9.

Award Fee. The Design-Builder acknowledges and agrees that forty percent (40%) of the Design-Build Fee (the “At Risk Portion”) is at risk, and the Design-Builder shall only be entitled to the At Risk Portion as set forth in Section 7.1.4. Unless and until the Design-Builder’s entitlement to any subset of the At Risk Portion is determined by the Department, the Design-Design- Builder shall only be entitled to xxxx for the portion of the Design-Build Fee that is no not at risk. The portion that is not at risk shall be billed in accordance with Article 9.

Award Fee. The Design-Builder acknowledges and agrees that forty percent (40%) of the Design-Build Fee (the “At Risk Portion”) is at risk, and the Design-Builder shall only be entitled to the At Risk Portion as set forth in Section 7.1.4. Unless and until the Design-Builder’s entitlement to any subset of the At Risk Portion is determined by the Department, the Design-Design- Builder shall only be entitled to xxxx bill for the portion of the Design-Build Fee that is no not at risk. The portion that is not at risk shall be billed in accordance with Article 9.