Examples of Contractor Fees in a sentence
All Contractor Fees will be invoiced within sixty (60) days of performance of the Services upon which they are based, and all Expenses will be invoiced within sixty (60) days of being incurred, and only so long as the invoice therefor is accompanied by copies of actual receipts.
Contractor Profit and Overhead: may not exceed 8% of Hard Construction Costs General Requirements: may not exceed 6% of Hard Construction CostsTotal Contractor Fees: may not exceed 14% of Hard Construction Costs If there is an identity of interest between the Applicant and contractor, as defined in the LIHTC Manual, the Authority, at its sole discretion, may require an additional cost certification with the PIS application of the construction costs.
Within five (5) days of each such request, Contractor will provide in writing a description of the feasibility of the change and the necessary effect of such change on the Services, Deliverables, schedule and Contractor Fees, and a reasonable explanation for such changes such as the additional time, or reduction in time, to be required by such change.
One point for each 1% reduction in Contractor Fees, up to a maximum of three, based on figures provided in the application.
When the Developer and the contractor are the same or related entity, in addition to the fee limits stated above, the combined sum of Developer Fee and Builder/General Contractor Fees may not exceed 20% of eligible basis.