Common use of Construction Manager’s Fee Clause in Contracts

Construction Manager’s Fee. The Construction Manager’s Fee shall be the sum stipulated in the GMP Amendment, which sum shall be equal to <<PERCENTAGE IN WORDS>> PERCENT (<<##>>%) (the “Construction Manager’s Fee Percentage”) of the Cost of the Work as estimated in the GMP Amendment. If the Project is delivered in phases or components with multiple GMP Amendments, each GMP Amendment will include its own Construction Manager’s Fee. The Construction Manager’s Fee for the entire Project is the aggregate of the sums stipulated in each GMP Amendment. Overhead Fee. The Cost of the Work includes the Overhead Fee as set forth in Section 16.5 of the General Conditions. The Overhead Fee shall be the sum stipulated in the GMP Amendment, which shall be equal to <<PERCENTAGE IN WORDS>> PERCENT (<<##>>%) of the Cost of the Work, not including the Overhead Fee, as estimated in the GMP Amendment. If the Project is delivered in phases or components with multiple GMP Amendments, each GMP Amendment will include its own Overhead Fee. The Overhead Fee for the entire Project is the aggregate of the sums stipulated in each GMP Amendment.

Appears in 2 contracts

Samples: Construction Agreement, Construction Agreement

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Construction Manager’s Fee. The Construction Manager’s Fee shall be the sum stipulated in the GMP Amendment, which sum shall be equal to <<PERCENTAGE IN WORDS>> WORDS>> PERCENT (<<##>>%%) (the “Construction Manager’s Fee Percentage”) of the Cost of the Work as estimated in the GMP Amendment. If the Project is delivered in phases or components with multiple GMP Amendments, each GMP Amendment will include its own Construction Manager’s Fee. The Construction Manager’s Fee for under the entire Project Contract is the aggregate of the sums stipulated in each GMP Amendment. Overhead Fee. The Cost of the Work includes the Overhead Fee as set forth in Section 16.5 of the General Conditions. The Overhead Fee shall be the sum stipulated in the GMP Amendment, which shall be equal to <<PERCENTAGE IN WORDS>> WORDS>> PERCENT (<<##>>%%) (the “Overhead Fee Percentage”) of the Cost of the Work, not including the Overhead Fee, as estimated in the GMP Amendment. If the Project is delivered in phases or components with multiple GMP Amendments, each GMP Amendment will include its own Overhead Fee. The Overhead Fee for under the entire Project Contract is the aggregate of the sums stipulated in each GMP Amendment.

Appears in 1 contract

Samples: Construction Agreement

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Construction Manager’s Fee. The Construction Manager’s Fee shall be the sum stipulated in the GMP Amendment, which sum shall be equal to <<PERCENTAGE IN WORDS>> PERCENT (<<##>>%) (the “Construction Manager’s Fee Percentage”) of the Cost of the Work as estimated in the GMP Amendment. If the Project is delivered in phases or components with multiple GMP Amendments, each GMP Amendment will include its own Construction Manager’s Fee. The Construction Manager’s Fee for under the entire Project Contract is the aggregate of the sums stipulated in each GMP Amendment. Overhead Fee. The Cost of the Work includes the Overhead Fee as set forth in Section 16.5 of the General Conditions. The Overhead Fee shall be the sum stipulated in the GMP Amendment, which shall be equal to <<PERCENTAGE IN WORDS>> PERCENT (<<##>>%) (the “Overhead Fee Percentage”) of the Cost of the Work, not including the Overhead Fee, as estimated in the GMP Amendment. If the Project is delivered in phases or components with multiple GMP Amendments, each GMP Amendment will include its own Overhead Fee. The Overhead Fee for under the entire Project Contract is the aggregate of the sums stipulated in each GMP Amendment.

Appears in 1 contract

Samples: Construction Agreement

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