Construction Management Services. Manager shall order labor and materials and provide the associated supervision and direction ("Construction Management Services") for the installation of such renovations, improvements and/or alterations to the building site, common areas or tenant's premises as may be required by the terms of any lease with such tenant. Further, Manager shall, at the cost and expense of Owner as approved by Owner in advance, provide labor and materials, through contractors approved in writing by Owner, to perform such work. Notwithstanding the foregoing, Manager shall provide the services of its regional engineers to assist Manager in the preparation of annual budgets and five (5) year projections at no additional expense to Owner. Further, to the extent approved in writing by Owner, on a project by project basis, Owner agrees to reimburse Manager for the cost of Owner's use of Manager's regional engineers calculated utilizing an hourly rate of the engineer's base salary multiplied by a factor of 1.30 plus all direct reasonable travel and out of pocket expenses.
Appears in 6 contracts
Samples: Property Management Agreement (Balcor Realty Investors 85 Series I), Property Management Agreement (Balcor Realty Investors 85 Series Iii), Property Management Agreement (Balcor Realty Investors 85 Series I)
