Preconstruction Phase Compensation. XXXX shall be paid for preconstruction services, as described in Article 4, prior to moving to GMP.
Preconstruction Phase Compensation. The Design-Builder’s compensation for Preconstruction Work performed during the Preconstruction Phase shall be an amount equal to: (a) The Fully Loaded Hourly Rates for the personnel performing the Preconstruction Work (at the rates provided in the DBA exhibit referred to at clause (a) of Section 15 (NTE Amount) of this Design- Build Agreement Term Sheet), multiplied by the number of hours worked by such personnel on the Preconstruction Work; plus (b) Payment for documented out-of-pocket reimbursable expenses reasonably incurred in performing Preconstruction Work (to the extent such types of expenses are included in the DBA exhibit referred to at clause (b) of Section 15 (NTE Amount) of this Design- Build Agreement Term Sheet); plus (c) Payment for documented out-of-pocket reimbursable expenses reasonably incurred in establishing and maintaining a Project office at which the Authority personnel and consultants will be co- located (to the extent such types of expenses are included in the DBA exhibit referred to at clause (c) of Section 15 (NTE Amount) of this Design-Build Agreement Term Sheet); provided that in no event shall the Preconstruction Phase compensation exceed the Preconstruction Phase NTE Amount agreed by the parties prior to DBA execution. The hourly rates for Preconstruction Work established as of the Effective Date (described in clause (a) of Section 15 (NTE Amount) of this Design- Build Agreement Term Sheet above) may be adjusted only with the approval of the Authority on an annual basis to the extent appropriate to reflect annual base salary increases for the roles enumerated, not to exceed 5% per year. The Design-Builder shall not change the categorization of an individual performing Preconstruction Work on the relevant exhibit due to a promotion of such individual without first obtaining the written approval of the Authority.
Preconstruction Phase Compensation. The Progressive Contractor’s compensation for Preconstruction Work performed during the Preconstruction Phase shall be an amount (“Preconstruction Phase Compensation”) equal to:
Preconstruction Phase Compensation
