Construction Coordination Fee Clause Samples
The Construction Coordination Fee clause defines the payment or compensation owed to a party responsible for managing and coordinating construction activities on a project. Typically, this fee is paid to a construction manager or general contractor for overseeing scheduling, subcontractor coordination, and ensuring that work progresses according to plan. By specifying the amount, timing, and conditions for payment of this fee, the clause ensures that the party handling coordination is properly compensated, thereby promoting efficient project management and reducing the risk of delays or miscommunication during construction.
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Construction Coordination Fee. In connection with all Alterations (excluding Minor Changes), all of Tenant’s Work pursuant to Exhibit B, and all tenant improvements for any space added to the Premises as a result of any right of first offer, right of first refusal, option or otherwise, Landlord shall be entitled to a “Construction Coordination Fee” equal to two percent (2%) of the first One Hundred Thousand Dollars ($100,000.00) of the hard costs of the work, and one percent (1%) of any additional hard costs. Upon request by Landlord, Tenant shall provide Landlord with back-up documentation showing such hard costs.
Construction Coordination Fee. If Tenant retains the services of Landlord to serve as Tenant's construction coordinator, Tenant shall pay Landlord a construction coordination fee equal to three percent (3%) of the actual construction costs for the Tenant Improvements, which fee shall be paid to Landlord at the same time that Landlord pays Tenant the Improvement Allowance as provided in Part VII of this Exhibit D.
Construction Coordination Fee. In connection with all Alterations, Landlord shall be entitled to a construction coordination fee equal to four percent (4%) of the first one hundred thousand dollars ($100,000) of construction costs, three percent (3%) of the next four hundred thousand dollars ($400,000) of construction costs, and two percent (2%) of any additional construction costs.
Construction Coordination Fee. Tenant shall pay to Landlord the construction coordination fee in accordance with the terms of Section 6.3 of the Lease.
Construction Coordination Fee. Notwithstanding anything to the contrary contained in the Existing Lease, Tenant shall have no obligation to pay to Landlord any construction coordination fee in connection with the Tenant Improvements.