Cost Plus Fee definition
Examples of Cost Plus Fee in a sentence
The Cost Plus Fee will NOT replace any line item identified on the Rate Schedule, the Cost Plus Fee will ONLY be approved for an unanticipated, out of the normal event type situation that is not identified on the Rate Schedule.
The Department will accept an additional service fee percentage (%) to be included in the invoice of the APPROVED Cost Plus Fee commodity and/or service.
Costs (charges) that are NOT identified on the Rate Schedule (Attachment B) will be compensated as a Cost Plus Fee.
The Deposit shall be applied against the Cost Plus Fee due on a pro rata basis over four quarters commencing with the last quarter of 2018 if not returned at an earlier date by Manager.
The Reimbursement Amount and the Cost Plus Fee are referred to herein collectively as the "Payments".
This service fee percentage (%) identified below, is ONLY allowed on Department APPROVED Cost Plus Fees for the commodity and/or service, and the service fee percentage (%) may NOT be used for any line items on the Rate Schedule: • Cost Plus Fee invoices in an amount of less than $5,000.00, the service fee percentage (%) MAY NOT EXCEED three (3) percent (%) of the total Cost Plus Fee for that event.
Agreement refers to the revised and executed contract between Owner and Design- Builder under either University of Washington - Standard Form of Agreement Between Owner and Design-Builder— Lump Sum (2003 Edition) or University of Washington - Standard Form of Agreement Between Owner and Design-Builder— Cost Plus Fee with an Option for a Guaranteed Maximum Price (2003 Edition).
The Cost Plus Fee shall be exclusive of any loan origination fee that may be payable thereunder.
With the submission of each Application for Payment, the Contractor and each Subcontractor who has executed a Cost Plus Fee with Guaranteed Maximum subcontract will provide to the Owner the complete costs (job cost to date print out data, reports associated with the job costs and any other documentation as may be required by the Owner) to support the Application for Payment.
If Owner accepts the GMP Proposal, as may be amended by Design-Builder, its basis shall be set forth in Agreement Between Owner and Design – Builder – Cost Plus Fee with an Option for a Guaranteed Maximum Price.