Determination of Remuneration. The basis for determining remuneration shall be based on 4 (four) different methods, which are not necessarily mutually exclusive, namely: • Fee based on the cost of works. • Separate payment for services that are additional to those provided for in the normal fee-based calculation. • Time based fees; and • Reimbursable expenses.
a) Fee determination The determination of fees will be based on different construction work types, i.e. road works, structures and other works. The estimated cost of construction for each work type is provided by the Client. This cost of works is a forecasted estimate escalated to the planned commencement date of the works contract (excluding contingencies, CPA during the construction period and VAT). Where a full service is not required, or the commencement date of the works contract is unknown the forecasted cost of the works will be escalated to the completion date of the service. The remuneration payable shall be based on the tables below, depending on the type of service required.
(a) Remuneration payable Section Stage Road Works, Structures, Other
Determination of Remuneration. The basis for determining remuneration shall be based on 4 (four) different methods, which are not necessarily mutually exclusive, namely: • Fee based on the cost of works. • Separate payment for services that are additional to those provided for in the normal fee-based calculation. • Time based fees; and • Reimbursable expenses.
a) Fee determination The determination of fees will be based on different construction work types, i.e. road works, structures and other works. The estimated cost of construction for each work type is provided by the Client. This cost of works is a forecasted estimate escalated to the planned commencement date of the works contract (excluding contingencies, CPA during the construction period and VAT). Where a full service is not required, or the commencement date of the works contract is unknown the forecasted cost of the works will be escalated to the completion date of the service. There will be no escalation for the first 12 months of the award and thereafter escalation will be governed by the Board Notice and in the case of secondments by CPI plus 1%. The remuneration payable shall be based on the tables below, depending on the type of service required.
(a) Remuneration payable Section Stage Road Works, Structures, Other
Determination of Remuneration. If no agreement on the amount of consideration for the Shares can be reached within 4 (four) weeks following receipt of the termination notice by the remaining shareholder(s), the fair market value of the shares shall be determined by a certified Austrian auditing and tax consultancy company or by a certified Austrian auditor and tax consultant mutually agreed upon by AboveNet and RRZ (hereinafter referred to as "the Arbitration Expert"). If AboveNet and RRZ cannot agree to an arbitration expert within 14 (fourteen) days, each shall select an expert and have the price evaluated. If the two evaluations are more than 20 (twenty) % apart, an Arbitration Expert shall be appointed upon application by one of the shareholders by the President of the Vienna Chamber of Certified Accountants. The arbitration opinion by this expert shall be binding upon the respective Parties. The costs for the Arbitration Expert shall be shared by the Parties, whereby AboveNet shall pay 50% and RRZ shall pay 50%.
Determination of Remuneration. The basis for determining remuneration shall be based on 4 (four) different methods. which are not necessarily mutually exclusive. namely: • Fee based on the cost of works. • Separate payment for services that are additional to those provided for in the normal fee-based calculation. • Time based fees; and • Reimbursable expenses.
a) Fee determination The determination of fees will be based on different construction work types. i.e. road works. structures and other works. The estimated cost of construction for each work type is provided by the Client. This cost of works is a forecasted estimate escalated to the planned commencement date of the works contract (excluding contingencies. CPA during the construction period and VAT). Where a full service is not required. or the commencement date of the works contract is unknown the forecasted cost of the works will be escalated to the completion date of the service. The remuneration payable shall be based on the tables below. depending on the type of service required. C3.2 Stage 1: initiation or Prefeasibility Report Fee based C3.3 Stage 2: Concept or Feasibility Report Fee based C3.4 Stage 3 Design Development Report Fee based C3.5 Stage 4: Design Documentation Report Fee based C3.6 Stage 5: Contract Administration and Inspection Fee based C3.7 Stage 6: Handover and Closeout Report Fee based C3.8 Additional Duties. Special Services and Specialist Advice Any reimbursable expenditure C3.9 Disbursement Services Any reimbursable expenditure Table C3.1.4(b): Percentage points for phases/stages: Road Works and Structures Type of Service Initiation or Prefeasibility Concept/ Feasibility Design Development: Design Documentation Contract Administration. Handover / Close out Total Road Upgrade/Rehabilitation 5% 25% 25% 15% 25% 5% 100% Structures 5% 25% 30% 10% 25% 5% 100%
