Common use of CM'S Compensation Clause in Contracts

CM'S Compensation. The Owner agrees to pay to the CM as compensation for all of its services and work provided for hereunder, including preconstruction and construction services. The fee for preconstruction services, as provided in Exhibit D, is $Click here to enter text. and the sum of a CM fee to be negotiated at the time GMP* is established for Construction Services, as provided for in Exhibit B. *The GMP will be established in a separate amendment to this Agreement. (1) Preconstruction Services (Exhibit D) shall be payable as follows; $Click here to enter text. thirty days following the start date established by the Notice to Proceed, and $Click here to enter text. each thirty (30) days thereafter, for an additional Click here to enter text. monthly installments for a total of $Click here to enter text.. The compensation set forth in this paragraph is designed to pay CM for its services rendered in connection with the preconstruction design phase of the PROJECT. If at any time during the preconstruction design phase, it can reasonably be concluded that CM's services are not being provided in accordance with the schedule of preconstruction services, CM shall be reimbursed based upon a percentage of the services performed during the prior month. (2) 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.

Appears in 3 contracts

Samples: Construction Manager Agreement, Construction Management Agreement, Construction Management Agreement

AutoNDA by SimpleDocs

CM'S Compensation. The Owner agrees to pay to the CM as compensation for all of its services and work provided for hereunder, including preconstruction and construction services. The fee for preconstruction services, as provided in Exhibit D, is $Click here to enter text. and the sum of a CM fee to be negotiated at the time GMP* is established for Construction Services, as provided for in Exhibit B. *The GMP will be established in a separate amendment to this Agreement. (1) Preconstruction Services (Exhibit D) shall be payable as follows; : $Click here to enter text. thirty (30) calendar days following the start date established by the Notice to Proceed, and $Click here to enter text. each thirty (30) calendar days thereafter, for an additional Click here to enter text. monthly installments for a total of $Click here to enter text.. The compensation set forth in this paragraph is designed to pay CM for its services rendered in connection with the preconstruction design phase of the PROJECT. If at any time during the preconstruction design phase, it can reasonably be concluded that CM's services are not being provided in accordance with the schedule of preconstruction services, CM shall be reimbursed based upon a percentage of the services performed during the prior month. (2) 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.

Appears in 2 contracts

Samples: Construction Manager Agreement, Construction Management Agreement

CM'S Compensation. The Owner agrees to pay to the CM as compensation for all of its services and work provided for hereunder, including preconstruction and construction services. The fee for preconstruction services, as provided in Exhibit D, is $Click here to enter text. and the sum of a CM fee to be negotiated at the time GMP* is established for Construction Services, as provided for in Exhibit B. *The GMP will be established in a separate amendment to this Agreement. (1) Preconstruction Services (Exhibit D) shall be payable as follows; $Click here to enter text. thirty days following the start date established by the Notice to Proceedfull execution of this Agreement, and $Click here to enter text. each thirty (30) days thereafter, for an additional Click here to enter text. monthly installments for a total of $Click here to enter text.. The compensation set forth in this paragraph is designed to pay CM for its services rendered in connection with the preconstruction design phase of the PROJECT. If at any time during the preconstruction design phase, it can reasonably be concluded that CM's services are not being provided in accordance with the schedule of preconstruction services, CM shall be reimbursed based upon a percentage of the services performed during the prior month. (2) 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.

Appears in 2 contracts

Samples: Construction Manager Agreement, Construction Manager Agreement

AutoNDA by SimpleDocs

CM'S Compensation. The Owner agrees to pay to the CM as compensation for all of its services and work provided for hereunder, including preconstruction and construction services. The fee for preconstruction services, as provided in Exhibit D, is $Click here to enter text. and the sum of a CM fee to be negotiated at the time GMP* is established for Construction Services, as provided for in Exhibit B. *The GMP will be established in a separate amendment to this Agreement. (1) Preconstruction Services (Exhibit D) shall be payable as follows; $Click here to enter text. thirty days following the start date established by the Notice to Proceed, and $Click here to enter text. each thirty (30) days thereafter, for an additional Click here to enter text. monthly installments for a total of $Click here to enter text.. The compensation set forth in this paragraph is designed to pay CM for its services rendered in connection with the preconstruction design phase of the PROJECT. If at any time during the preconstruction design phase, it can reasonably be concluded that CM's services are not being provided in accordance with the schedule of preconstruction services, CM shall be reimbursed based upon a percentage of the services performed during the prior month. (2) 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- 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.

Appears in 1 contract

Samples: Construction Manager Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!