Design Fees definition
Examples of Design Fees in a sentence
Budgeted Direct Construction Cost - The budgeted total cost of the Work, excluding Design Fees, Preconstruction Fees, the Licensee’s site management fee, the Licensee’s contingency, and the Licensee’s overhead and profit, line 7 on CPDC form 2-7.
CLIENT understands and agrees that Design Fee(s) are non-refundable.
The Tenant Improvement Allowance shall be used to fund (listed in order of payment): Landlord Design Oversight (5% of Construction and Design Costs), Design Fees, Permit Fees, Construction Contingency (5% of Construction Costs), Construction Payment and Performance Bonds, and Construction Costs.
Cost of the Work is defined herein as all costs of the DB Work except for those identified or defined as Design Fees (Stage 1 and Stage 2), DB Fee, General Conditions, Bonds and Insurance, Project Contingency, and Owner’s Allowance in Table 2.0 under Part I of this DB Work Amendment.
Additional Flat Design Fee(s) may be assessed as per the terms and conditions set forth in this Agreement.
In the event of such termination (whether initiated by GMACI or AmTrust), AmTrust shall refund to GMACI all of the Design Fees paid prior to the effective date of such termination.
For the purposes hereof, the cost to be so reimbursed by Landlord shall include the cost of leasehold improvements but not the cost of any of Tenant's personal property, trade fixtures or trade equipment or any so-called soft costs (except, however, for the Applicable Design Fees).
This budget shall communicate projected budgets for pertinent categories including Construction, FF&E, Design Fees, Administrative Costs, Testing, and other similar budget categories.
The Tenant Data Center Work Allowance shall be used and applied by Tenant solely on account of the cost of Tenant's Work and not more than $5,000.00 in third party design fees actually incurred by Tenant in connection with the Tenant's Data Center Work (the "Applicable Design Fees").
Further, except for the Applicable Design Fees, in no event shall Landlord be required to make application of any portion of the Data Center Work Allowance on account of any architectural, engineering, space planning and/or supervisory fees, overhead, management fees or other payments to Tenant, or any partner or affiliate of Tenant.