Fee for the Construction Work definition

Fee for the Construction Work means the amount established for the contractor's profit and home office overhead costs, as described in FAR Part 31, for the construction work.
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Fee for the Construction Work. ’ means a fixed amount for all indirect costs, including overhead and profit.
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Fee for the Construction Work means a fixed amount for all indirect costs, including overhead and profit. “Guaranteed Maximum Price” (GMP) means the sum of the ECW, CCA, and the fee for the construction work.
Sample 1

Examples of Fee for the Construction Work in a sentence

  • For approved CCA uses, the CCA shall be reduced and the ECW shall be adjusted accordingly.(j) Adjustment of the Fee for the Construction Work.

  • The GMP will include the ECW for the construction phase of work and the Fee for the Construction Work.

  • Submit the Contractor’s proposed CMR Construction Services General Conditions Fee for the Construction Work Package.


More Definitions of Fee for the Construction Work

Fee for the Construction Work means a fixed amount for all indirect costs,
Sample 1
Fee for the Construction Work means the amount established for the contractor's profit and home office overhead costs, as described in FARPart 31, for the construction work. “Guaranteed Maximum Price (GMP)” means the sum of the ECW, CCA, and the fee for the construction work.
Sample 1

Related to Fee for the Construction Work

  • Pipeline Construction means a substantial disturbance to agricultural land associated with installation, replacement, removal, operation or maintenance of a pipeline, but shall not include work performed during an emergency. Emergency means a condition where there is clear and immediate danger to life or health, or essential services, or a potentially significant loss of property. When the emergency condition ends, pipeline construction will be in accordance with these rules.

  • Commenced Construction means (a) all of the following site preparation work is completed: ingress and egress routes exist; the site on which the Project will be located is cleared and graded; there is power service to the site; footings are prepared; and foundations have been poured consistent with purchased equipment specifications and project design; or (b) the following financial commitments have been made: (i) (A) an engineering, procurement, and construction contract (“EPC”) has been executed by all parties and is effective; or (B) contracts (collectively, “EPC Equivalents”) for all of the following have been executed by all parties and is effective: (1) project engineering, (2) procurement of all major equipment, and (3) construction of the Project, and (ii) the cumulative payments made by the Developer under the EPC or EPC Equivalents to the counterparties to those respective agreements is equal to at least thirty (30) percent of the total costs of the EPC or EPC Equivalents.

  • Estimated Construction Cost or “ECC” means the amount calculated by Contractor for the total cost of all elements of the Work based on this Agreement available at the time(s) that the ECC is prepared. The ECC shall be based on current market rates with reasonable allowance for overhead, profit and price escalation and shall include and consider, without limitation, all alternates and contingencies, designed and specified by A/E and the cost of labor and materials necessary for installation of Owner furnished equipment. The ECC shall include all the cost elements included in the AACC, as defined above, and shall represent Contractor’s best current estimate of the Guaranteed Maximum Price it will propose for the Project based on the information then available. The ECC shall not include Contractor’s Pre-Construction Phase Fee, A/E’s Fees, the cost of the land and rights-of-way, or any other costs that are the direct responsibility of Owner.