Construction Phase Fee definition

Construction Phase Fee means the amount set forth in Paragraph 3 of Exhibit “A” attached to this Agreement.
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Construction Phase Fee means the fee for Construction Manager’s profit and general overhead, calculated as % of estimated Cost of the Work determined by the City at the time of acceptance of the Guaranteed Maximum Price.
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Construction Phase Fee. The fee set forth in Section 7.02(d).
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Examples of Construction Phase Fee in a sentence

  • If the Owner agrees to an increase or decrease in the Guaranteed Maximum Price, the Construction Phase Fee shall be equitably adjusted.

  • The GMP Proposal shall include, without limitation, a breakdown of Contractor’s estimated General Conditions Costs in a format as indicated in Exhibit “D” and estimated Cost of the Work organized by trade and MasterFormat 2012; contingency amounts; the Construction Phase Fee; and the proposed Contract Time, including dates for Notice to Proceed, Substantial Completion and Final Completion.

  • Contractor’s Construction Phase Fee is the maximum amount payable to Contractor for any cost or profit expectation incurred in the performance of the Work that is not specifically identified as being eligible for reimbursement by Owner elsewhere in this Agreement.

  • The Construction Budget balance or the Guaranteed Maximum Price balance is established by subtracting the Pre-Construction Phase Fee, Construction Phase Fee and Overhead and Profit from the latest estimate of the total construction cost or to the Guaranteed Maximum Price or to the Owner’s Construction Budget, whichever is less.

  • The Guaranteed Maximum Price, or the actual cost of the Project, whichever is less, shall be reduced by the cost to the Owner of making good such deficiencies and the Contractor's Construction Phase Fee shall be reduced by an amount required to manage the making good of such deficiencies.

  • The Pre-Construction Phase Fee, Construction Phase Fee, and Overhead and Profit shall be shown as separate line items on the Schedule of Contract Values.

  • References in the UGC to Contractor’s “overhead” and “profit” mean Contractor’s Construction Phase Fee.

  • Payment of Contractor’s Construction Phase Fee shall be made with each Application for Payment in the same proportion as the percentage completion of the Cost of the Work of the Project.


More Definitions of Construction Phase Fee

Construction Phase Fee means the amount set forth on Exhibit C and further detailed in Article 8.
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Construction Phase Fee means the fee for XXXX’x profit and general overhead.
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Construction Phase Fee means the fee set out in Section 12.7.2.
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Construction Phase Fee means the percentage (%) amount set forth in the CMAR Proposal.
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Related to Construction Phase Fee

  • Construction Phase means that Phase of the Project which shall commence after the Authority provides the Trade Contractor with written Notice to Proceed with the Construction Phase.

  • Construction Phase Services means the coordination, implementation and execution of the Work required by this Agreement, which are further defined in Article 8.

  • Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Direct Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work and Construction Manager’s Contingency during the Construction Phase as allowed by this Agreement. Direct Construction Cost does not include Pre-Construction Phase Fees or Construction Phase Fees.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.