Common use of Renovation Clause in Contracts

Renovation. 6.3.1 Only the Owner shall be responsible for deciding whether or not the Project has substantial renovation, repairs, and/or alteration work which is indicated in Subparagraph 1.2.3. When the Project embraces substantial renovation, repairs, and/or alteration work to existing facilities, the fee shall be one hundred fifteen percent (115%) of the basic fee as calculated by the formula in Subparagraph 6.2.2.