Common use of Contractor’s Fee Clause in Contracts

Contractor’s Fee. 8.1 Contractor’s fee shall be set forth in each Project Agreement. A. For all Pre-Construction Phase Services, including providing value engineering services, reviewing Construction Documents for constructability, assisting and meeting with Design Professional during the various design phases, and preparing cost estimates Monthly installment payments of the total lump sum compensation and reimbursement for reimbursable expense items (subject, however, to the “not to exceed” caps on such items)] shall be based upon the percent completion of the designated portion of the Pre-Construction Phase Services for each particular month as determined by Owner and an itemized statement of reimbursable expenses incurred for such month, respectively, and Owner’s receipt of Contractor’s written invoice for such payment. Contractor’s invoices shall be in a form acceptable to Owner and be accompanied by such other information, documentation, and materials as Owner may require. The final invoice shall not be submitted until either (i) the GMP is executed for the entire Work, or (ii) the parties fail to reach agreement on the GMP Amendment and Owner elects to terminate the Contract as hereafter, whichever occurs first.

Contractor’s Fee. 8.1 Contractor’s fee shall be set forth in each Project Agreement. A. For all Pre-Construction Phase Services, including providing value engineering services, reviewing Construction Documents for constructability, assisting and meeting with Design Professional during the various design phases, and preparing cost estimates Monthly installment payments of the total lump sum compensation and reimbursement for reimbursable expense items (subject, however, to the “not to exceed” caps on such items)] shall be based upon the percent completion of the designated portion of the Pre-Construction Phase Services for each particular month as determined by Owner and an itemized statement of reimbursable expenses incurred for such month, respectively, and Owner▇▇▇▇▇’s receipt of Contractor’s written invoice for such payment. Contractor’s invoices shall be in a form acceptable to Owner and be accompanied by such other information, documentation, and materials as Owner may require. The final invoice shall not be submitted until either (i) the GMP is executed for the entire Work, or (ii) the parties fail to reach agreement on the GMP Amendment and Owner elects to terminate the Contract as hereafter, whichever occurs first.