PSP’s COMPENSATION Clause Samples

PSP’s COMPENSATION. The PSP’s Compensation for PSP’s Services shall be as described in Exhibit 1. The maximum fee for PSP’s Services shall not exceed <<INSERT TOTAL CONTRACT AMOUNT ($XXX.XX)>> The PSP’s Compensation for any approved Additional Services shall be as described in the Additional Services Proposal accepted by the Owner. For Reimbursable Expenses approved by the Owner, a multiple of one and one-tenth (1.10) times the actual expense incurred by PSP, its employees or its PSPs. The Owner and PSP have entered into this Agreement as of the Effective Date. OWNER: PSP: By: By: Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Name: Project Management and Construction Services ▇▇▇▇ ▇ ▇▇▇▇ ▇▇▇▇▇▇, Suite 2.100 Austin TX 78722 CONTENT APPROVED: By: Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, CPM, CTPM Contracts Manager Project Manager and Construction Services Attachment 1: General Conditional for PSP contracts Attachment 2: Technical Review Team (TRT) Guidelines Attachment 3: Travel Reimbursement Guidelines NOTE: These General Conditions are a collection of conditions, requirements, terms, standard procedures and contract administration requirements of The University of Texas at Austin, Project Management & Construction Services Department, for all Standard PSP agreements.