Common use of Construction Manager’s Overhead and Profit Clause in Contracts

Construction Manager’s Overhead and Profit. The University shall compensate the Construction Manager an overhead and profit fee of [ENTER PERCENTAGE AND/OR DOLLAR AMOUNT] for performance of the Work plus Indirect Cost of Work and services under this Agreement. This fee shall address the Construction Manager's costs associated with home office personnel/administration, job accounting, payroll, personnel/human resource, procurement not performed by on-site personnel, the Project Director/Executive and profit margin; all of which are specifically prohibited from being included in the Cost of Work or General Requirements. Unless specifically noted elsewhere in the Contract Documents, this fee shall be applied to the Cost of Work including change orders that result in an adjusted GMP, and including other accepted general requirements, Preconstruction Services, Project Management Services, and the construction contingency, and shall be included in the GMP.