Percentage Basis Sample Clauses
The Percentage Basis clause defines how certain payments, fees, or calculations are determined as a percentage of a specified amount, such as the contract price, revenue, or costs. In practice, this means that compensation or charges will fluctuate in direct proportion to the underlying value, for example, a contractor might be paid 10% of the total project cost. This clause ensures that financial obligations remain fair and scalable, automatically adjusting to changes in the base amount, and helps both parties share risk and reward proportionally.
Percentage Basis. (Insert percentage value)
Percentage Basis. (Insert percentage value) (Describe the method of compensation)
Percentage Basis. (Insert percentage value) (Paragraphs deleted)
Percentage Basis. Development: Percent ( %) of the cost of development of the Joint Property exclusive of coats provided under Paragraph 8 of Section II and all salvage credits.
Percentage Basis. Architect (Project Oversight and Cost Controls)
Percentage Basis. (Insert percentage value) (Describe the method of compensation) (Paragraphs deleted)
Percentage Basis. (Insert percentage value) Five and Eighty Fifth (5.85 ) % of the Owner’s budget for the Cost of the Work, as calculated in accordance with Section 11.6. Compensation will be converted to a stipulated sum at the conclusion of the design development phase based on an approved scope of work and budget.
Percentage Basis. Architect (of Record) § 11.2
Percentage Basis. «Nine and one half» («9.5» )% of the Owner’s budget for the Cost of the Work, as calculated in accordance with Section 11.6. Percentage is based on a Minimum Cost of work of Eight Million Dollars ($8,000,000) and a Maximum Cost of Work of Ten Million Dollars ($10,000,000). Architects reserves the right to renegotiate the compensation percentage if the cost of work is outside of this range.