Common use of Direct Cost of the Work Clause in Contracts

Direct Cost of the Work. 9.1 Definition - The term Direct Cost of the Work shall mean costs necessarily incurred in the Project during the Construction Phase for Construction services and paid by the Construction Manager, which are not included in the Construction Manager’s Construction Phase Fee. Such costs shall include the items set forth below in this Article. The Owner agrees to pay the Construction Manager for the Direct Cost of the Work as defined in Article 9. Such payment shall be in addition to the Construction Manager's fees stipulated in Article 8, and shall be detailed in each monthly payment requisition.

Appears in 2 contracts

Sources: Construction Management Agreement, Construction Management Agreement