Common use of Design Fee Clause in Contracts

Design Fee. The Contract Price includes a Design Fee of Insert Amount Dollars ($ ). The sole purpose of the Design Fee is to determine: (1) the compensation City is obligated to pay to Design-Builder under Article 15 of the General Conditions in the event the Agreement is terminated, for cause or convenience, prior to commencement of any physical construction at the Site; and (2) the amount that Design-Builder is entitled to pursuant to Article 10.3 of the General Conditions, to include in its Applications for Payment seeking progress payments for the design and construction portions of the Work.

Design Fee. The Contract Price includes a Design Fee of Insert Amount Dollars ($ ). The sole purpose of the Design Fee is to determine: (1) the compensation City is obligated to pay to Design-Builder under Article 15 of the General Conditions in the event the Agreement is terminated, for cause or convenience, prior to commencement of any physical construction at the Site; and (2) the amount that Design-Builder is entitled to pursuant to Article 10.3 of the General Conditions, to include in its Applications for Payment seeking progress payments for the design and construction portions of the Work.