CM fee. Not more often than once a month, and on a date established at the Project Pre-Construction Conference, the CM will submit to the Project Manager for review the Estimate and Requisition for Payment Form (EADOC Software). This form shall be filled out and signed by the CM covering the Work- In-Place as of the date of the Application and supported by such data as the Project Manager may reasonably require. In the event that the Project Substantial Completion Date occurs prior to expiration of the construction phase period as set forth in the Project Schedule, the entire remaining balance due under the terms of this Subparagraph (2) shall be due and payable on the Punch List Completion Date.
CM fee. An Affiliate of TMHC (each Affiliate, a “Construction Manager”) shall serve as construction manager for an Approved Project pursuant to a construction management agreement (each, a “Construction Management Agreement”) in the form of Exhibit H between or among a Construction Manager, on the one hand, and one or more of the Company or a Subsidiary Entity, on the other hand. Each Construction Manager shall be paid (A) a pre-development fee (a “Pre-Development Fee”) under each Construction Management Agreement equal to [**]% of the Pre-Development Fee Base, which Pre-Development Fee shall be paid in equal monthly installments over the portion
CM fee. Construction Manager's Fee during the Construction Phase will be agreed upon in the GMP Amendment as a fixed percentage to be applied, and paid in addition to, the reimbursable Cost of the Work set forth in Article 8, and will include only the following categories of expenses:
6.4.1 The cost of its home or branch office employees or consultants not at the project site, including the cost of all benefits, insurance, and taxes attributable to wages and salaries and other company overhead expenses for said home office employees.
6.4.2 The cost of its field employees identified in Subparagraph 2.1.5 herein, or their approved replacements, including the cost of all benefits, insurance, and taxes attributable to wages and salaries for said field employees.
6.4.3 General operating expenses of the Construction Manager's principal and branch offices, other than the field office.
6.4.4 Construction Manager's capital expenses.
CM fee. The CM Fee shall include and shall represent full compensation to the CM on account of the CM’s profit and all overhead and other costs, expenses, and liabilities incurred by the CM in connection with the Work or otherwise in the performance of the Contract, for which the CM is not otherwise compensated through the Construction General Conditions Costs or otherwise included in the GMP (or, if applicable, Early Package Maximum Price). The CM shall include the CM Fee percentage multiplied to the Hard Cost of the Work and Construction General Conditions Costs on the monthly invoices for the CM Construction Services.
CM fee. The CM shall receive a fee for performing construction phase services as set forth Exhibit A, Paragraph 2.3 on a Project (“CM Fee”). The CM Fee shall be based upon the anticipated Construction Costs after bidding the last contract for the Project and shall be reconciled upon project completion. The CM Fee shall be determined in accordance with the following:
2.1.2.1 For Projects with a Construction Cost of $1,000,000 or less, the CM Fee shall be 6% of the Construction Cost.
2.1.2.2 For Projects with a Construction Cost of $1,000,001 to $5,000,000, the CM Fee shall be 5.5% of the Construction Cost.
2.1.2.3 For Projects with a Construction Cost of $5,000,001 to $10,000,000, the CM Fee shall be 4.6% of the Construction Cost.
2.1.2.4 For Projects with a Construction Cost of $10,000,001 to $20,000,000, the CM Fee shall be 4% of the Construction Cost.
2.1.2.5 For Projects with a Construction Cost of $20,000,001 or greater, the CM Fee shall be 3.8% of the Construction Cost.
