Construction Management Fees. The Advisor shall receive a Construction Management Fee for its effort in overseeing any construction, development, re-development or renovation work on the Company’s Projects, with such fee calculated as 1% of the amount of expended in connection with such work.
Appears in 4 contracts
Sources: Advisory Agreement (Shearson American REIT, Inc.), Advisory Agreement (New School Properties, Inc.), Advisory Agreement (New School Properties, Inc.)