CM Fee definition
Examples of CM Fee in a sentence
Except for the CM Fee payment (credit), Tenant Improvement Allowance progress payments shall be paid to Tenant within fourteen (14) days from the satisfaction of the conditions set forth in the immediately preceding sentence.
Payment of the CM Fee shall be the first payment from the Tenant Improvement Allowance and shall be made by means of a deduction or credit against the Tenant Improvement Allowance.
Unless otherwise provided in the GMP Amendment, no more than 30 days before final payment to the CM, the parties shall execute a Change Order to reduce the Contract Sum by an amount equal to (1) 100 percent of the funds then remaining in the CM’s Contingency plus (2) an associated reduction of the CM’s Fee in an amount equal to «insert CM Fee percentage from Section 3.5 of this Agreement» percent of the amount by which the Contract Sum is reduced on account of return of the CM’s Contingency.
EDGE Participation Goal Percent of Total Construction Contracts Awarded 5% Percent of initial TOTAL CM Fee 5% F.
Fee and schedule for this project shall be negotiated at the completion of the selection process utilizing KDE CM Fee Guidelines for CM services.
If the District suspends work on the Project in part only, the Construction Manager shall not be entitled to payment of any portion of the Basic CM Fee attributable to the suspended part of the Project during the period of such suspension except for CM Services related to the suspended part of the Project satisfactorily provided prior to such suspension.
Initially, the basis of the contract will be the CM’s fixed prices for Pre-construction Services and CM Fee (as a percentage).
Except for payment of the CM Fee, and subject to Section 5.A. above, Landlord will make payments to Tenant from the Tenant Improvement Allowance to reimburse Tenant for Tenant Improvement Costs paid or incurred by Tenant.
This fee shall be referred to as the Construction Management Fee (CM Fee).
Subject to the provisions of Section 7.6 herein other than for timing of payment, the District shall pay the undisputed portion of the Basic CM Fee to the Construction Manager within sixty days of the receipt of the final invoice.