1Escalation of Personnel Cost Rates. 6.1. 1The CM may adjust the rates set forth in the Personnel Costs Rate Schedule attached as Exhibit A in accordance with the CM’s normal salary-review practices, but (1) not before the date one year after the date of the Agreement, (2) not more than once in any one-year period thereafter, and (3) not in excess of five percent per annual increase. 6.1. 2No rate increase will (1) apply to any Work performed before the Owner and Contracting Authority receive written notice of the increase from the CM, or (2) result in an increase in a previously established fixed or not-to-exceed fee such as under (a) Sections 2.3 and 3.2 of this Agreement, (b) a GMP Amendment, or (c) as the parties may agree upon from time to time in connection with all or any part of the Work.
Appears in 1 contract
Samples: Construction Manager Agreement
1Escalation of Personnel Cost Rates. 6.1. 1The CM may adjust the rates set forth in the Personnel Costs Rate Schedule attached as Exhibit A in accordance with the CM’s normal salary-review practices, but (1) not before the date one year after the date of the Agreement, (2) not more than once in any one-year period thereafter, and (3) not in excess of five percent per annual increase.
6.1. 2No rate increase will (1) apply to any Work performed before the Owner and Contracting Authority receive receives written notice of the increase from the CM, or (2) result in an increase in a previously established fixed or not-to-exceed fee such as under (a) Sections 2.3 and 3.2 of this Agreement, (b) a GMP Amendment, or (c) as the parties may agree upon from time to time in connection with all or any part of the Work.
Appears in 1 contract
Samples: Construction Manager Agreement
1Escalation of Personnel Cost Rates. 6.1. 1The CM may adjust the rates set forth in the Personnel Costs Rate Schedule attached as Exhibit A in accordance with the CM’s normal salary-review practices, but (1) not before the date one year after the date of the Agreement, (2) not more than once in any one-year period thereafter, and (3) not in excess of five percent per annual increase.
6.1. 2No rate increase will (1) apply to any Work performed before the Owner and Contracting Authority receive College receives written notice of the increase from the CM, or (2) result in an increase in a previously established fixed or not-to-exceed fee such as under (a) Sections 2.3 and 3.2 of this Agreement, (b) a GMP Amendment, or (c) as the parties may agree upon from time to time in connection with all or any part of the Work.
Appears in 1 contract
Samples: Construction Manager Agreement
1Escalation of Personnel Cost Rates. 6.1. 1The CM may adjust the rates set forth in the Personnel Costs Rate Schedule attached as Exhibit A in accordance with the CM’s normal salary-review practices, but (1) not before the date one year after the date of the Agreement, (2) not more than once in any one-year period thereafter, and (3) not in excess of five percent per annual increase.
6.1. 2No rate increase will (1) apply to any Work performed before the Owner and Contracting Authority receive receives written notice of the increase from the CM, or (2) result in an increase in a previously established fixed or not-to-exceed fee such as under (a) Sections 2.3 and 3.2 of this Agreement, (b) a GMP Amendment, or (c) as the parties may agree upon from time to time in connection with all or any part of the Work.
Appears in 1 contract
Samples: Construction Manager Agreement