Common use of Adjustments in Fee Clause in Contracts

Adjustments in Fee. For changes in the Project as provided in Article 10, the construction phase fee shall be adjusted as follows: (a) The Construction Manager shall be paid an additional fee subject to negotiation if the Construction Manager is placed in charge of reconstruction of an insured or uninsured loss excluding any condition that may have been caused from negligent acts by the Construction Manager. (b) Should the duration of the construction stipulated herein for Final Completion extend beyond (Construction Time) months after the Notice-To-Proceed, receipt of final drawings and specifications, or receipt of all necessary permits, whichever is later, due to no fault of the Construction Manager, the Construction Manager's Additional Construction Phase Fee will be $Amount per working day, for each day or portion thereof. (c) The Construction Manager will not be due any additional Overhead and Profit on increases in the Guaranteed Maximum Price (GMP) that do not exceed (Timeframe). Should the GMP be increased by more than (Timeframe) under the terms of Article 10 hereinafter due to no fault of the Construction Manager, the Construction Manager's additional Overhead and Profit for the Construction Phase will be «Percent» of that portion of the accumulative increases in the GMP that exceed the GMP by more than (Timeframe).