Common use of APPLICATION of the BASIC FEE RATE Clause in Contracts

APPLICATION of the BASIC FEE RATE. (Applicable to Percentage Based Fees only) If the Basic Fee is to be determined by a Basic Fee Rate, and the Special Provisions of the Agreement or an amendment to the Agreement does not provide otherwise, the Basic Fee Rate shall be applied, without change, to: (1) the tentative Cost of the Work (as described below) until opening of bids and then retroactively to the amount of the Construction Contract, including Change Orders and (2) the combined cost of all buildings or other Work covered by the Agreement. If the Work is executed in any manner other than under one lump sum Construction Contract, or one lump sum Construction Contract for sitework and a second lump sum Construction Contract for building construction, the Basic Fee Rate shall be subject to adjustment.