Contractor’s Fee definition

Contractor’s Fee has the meaning set forth in Section 8.1.2.

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Contractor’s Fee means “Construction Manager’s Fee.” Preconstruction. Construction Manager will provide preconstruction services in accordance with the Scope of Preconstruction Services. The Work, as defined in the General Conditions, does not include the Preconstruction Services. Costs incurred in the performance of the Preconstruction Services are not includable in the Cost of the Work. If the Project is delivered in phases or components, or portions of the Work otherwise commence prior to the completion of the Preconstruction Services, the Preconstruction Services and Work shall proceed concurrently. Unless specifically provided otherwise below in Additional Provisions, the Preconstruction Services include the services necessary to deliver the Project in multiple phases or components with multiple building permits and construction document packages.

Contractor’s Fee or “Fee” shall mean the fee set forth in Schedule E.

Examples of Contractor’s Fee in a sentence

• The Work may be suspended by the Owner as provided in Article 14 of AIA Document A232–2019; in such case, the Contract Sum and Contract Time shall be increased as provided in Article 14 of AIA Document A232–2019, except that the term “profit” shall be understood to mean the Contractor’s Fee as described in Section 4.3.2 or 4.4.2, as applicable, of this Agreement.

• The Contract Sum is the Cost of the Work as defined in Article 7 plus the Contractor’s Fee.

• The schedule of values shall allocate the entire Guaranteed Maximum Price among: (1) the various portions of the Work; (2) any contingency for costs that are included in the Guaranteed Maximum Price but not otherwise allocated to another line item or included in a Change Order; and (3) the Contractor’s Fee.

• Ten (10) days after Contractor achieves final completion of the Work and final acceptance thereof by Princeton University, or as soon thereafter as possible, Contractor shall submit a final Application for Payment which will set forth all amounts due and remaining unpaid to Contractor, including Retainage and the unpaid portion of Contractor’s Fee (“Final Payment”).

• Princeton University shall retain an amount equal to ten percent (10%) of the Cost of the Work and Contractor’s Fee set forth in each Application for Payment submitted in accordance with paragraph (d) (“Retainage”).

More Definitions of Contractor’s Fee

Contractor’s Fee means the fee payable to the General Contractor under the General Contract for the construction of the Work.

Contractor’s Fee shall have the meaning set forth in Exhibit C.

Contractor’s Fee means the amount paid to Contractor for providing the Services under this Agreement as calculated pursuant to Section 3.2 of this Agreement.

Contractor’s Fee includes all costs of Contractor providing off-site management and support for the implementation of the Job Order. The Contractor’s Fee is restricted to the rates set forth in 1.2.6 above.

Contractor’s Fee has the meaning ascribed to it in Section 6.1.

Contractor’s Fee means an amount equal to a 12% overhead and profit fee payable to Contractor as provided in the Construction Contract on the "Costs of the Work" (except any costs excluded in calculating the Contractor Fee as provided in the Construction Contract) as defined in the Construction Contract (i.e. "hard costs" of construction); provided, however, (a) for purposes of determining the Costs of Work for work performed directly by the Contractor's own forces (i) Contractor shall not be entitled to any separate or underlying "markup" for overhead or profit on such work, and (ii) amounts payable to Contractor for labor shall be limited to the actual cost thereof (at applicable union wage and benefit rates), except for supervisory personnel, who shall be paid based on reasonable industry standards; and (b) Design Costs and the cost of building permit(s) shall not be included in calculating the Contractor's Fee.

Contractor’s Fee means the price the Contractor has included in its proposal that represents all costs to complete the Work exclusive of the actual Offsite Costs, Direct Costs, and Indirect Costs. Contractor’s Fee shall not exceed ten-percent (10%) of the Offsite Costs, Direct Costs, and Indirect Costs. Contractor’s Fee shall include, but not be limited to: salaries, or other compensation, of the Contractor’s officers, executives or other supervisory personnel at the Contractor’s home office, and executives above the level of Project Manager; all expenses of the Contractor in connection with maintaining and operating its home office of Contractor other than field office of the Project; any part of the Contractor’s capital expenses, including interest on the Contractor’s capital employed for the Work; profit, overhead or general expenses of any kind, except as may be expressly included elsewhere in the Contract Documents, including home office supervision of all subcontracted work; and payments made by Contractor to its employees or personnel on account of merit bonuses.