Common use of General Condition Fee Clause in Contracts

General Condition Fee. The Design-Build Firm's compensation for services performed during the Construction Phase shall be a Guaranteed Maximum Price (GMP) of $ . The Construction Phase Fee shall be paid in proportionate monthly payments for the percentage of Work performed that month less retainage. The first monthly payment shall become due thirty (30) days following the issuance of the Construction Phase Notice to Proceed by the County and the final monthly payment shall be paid only when Construction of the Project is Finally Completed and occupancy of i t is accepted by the County. If Construction is authorized only for a part of the Project, the fee paid shall be proportionate to the amount of work authorized by the County. Design-Build Firm's Exclusive Remedy: In the event the Construction Substantial or Final Completion date is extended, regardless of whether delay is caused by any act or neglect of the County, or is attributable to the County, the Design-Build Firm's sole and exclusive remedy is an extension of the Construction completion date.

General Condition Fee. The Design-Build Firm's compensation for services performed during the Construction Phase shall be a Guaranteed Maximum Price (GMP) of $ $_ . The Construction Phase Fee shall be paid in proportionate monthly payments for the percentage of Work performed that month less retainage. The first monthly payment shall become due thirty (30) days following the issuance of the Construction Phase Notice to Proceed by the County and the final monthly payment shall be paid only when Construction of the Project is Finally Completed and occupancy of i t it is accepted by the County. If Construction is authorized only for a part of the Project, the fee paid shall be proportionate to the amount of work authorized by the County. Design-Build Firm's Exclusive Remedy: In the event the Construction Substantial or Final Completion date is extended, regardless of whether delay is caused by any act or neglect of the County, or is attributable to the County, the Design-Build Firm's sole and exclusive remedy is an extension of the Construction completion date.