PRECONSTRUCTION STAGE COMPENSATION. 2.1 The Preconstruction Stage Compensation is «insert Preconstruction Stage Compensation amount dollars ($0,000.00)», which is the sum of (1) the Preconstruction Fee, (2) Preconstruction Stage Personnel Costs, and
PRECONSTRUCTION STAGE COMPENSATION. During the Preconstruction Stage of the Project, the Design-Build Entity will complete all Preconstruction Stage Services summarized in Section 5.2 of this Agreement and elaborated in more detail in the Scope of Work in Exhibit 3. Compensation for all Preconstruction Stage Services, including labor, materials, overhead, and profit of Design-Build Entity and all of its Design Professionals, and design-assist Subcontractors, will be on the basis of a lump-sum amount of Ninty-Four Thousand dollars ($94,000) as full compensation to the Design- Builder for the Work called for in Step One (“Preconstruction Stage Price”). Payments will be made based on monthly invoices, with monthly invoices/payments based on the percentage complete of the scope of work for the Preconstruction Stage services.
