Total Fee for Profit Sample Clauses

Total Fee for Profit. Upon completion of all required services by the Construction Manager, the total Fee for Profit for the Project shall be determined as follows: the total actual cost of construction for the Project, as defined above, shall be multiplied by the applicable percent set forth in the Fee Curve (Exhibit C). For total actual construction costs between the dollar levels designated in the Fee Curve, the Fee for Profit shall be interpolated on a straight-line basis between the corresponding two-dollar levels. The Fee Curve set forth in Exhibit C shall apply to the Agreement term and any extension thereof. Partial payments to the Construction Manager of the estimated Fee for Profit shall be subject to adjustment as set forth below. (a) In the event the total of all partial payments of the estimated Fee for Profit is more than the total Fee for Profit determined hereunder, CUCF shall deduct and retain such excess out of the amount due and owing to the Construction Manager. In the event the amount due and owing to the Construction Manager is less than the amount of such excess payment of the Fee for Profit, the Construction Manager shall be liable to pay the difference upon demand by the Director. (b) In the event the total of all partial payments of the estimated Fee for Profit is less than the total Fee for Profit determined hereunder, CUCF shall pay such difference to the Construction Manager.
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Related to Total Fee for Profit

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