Common use of Percentage of Construction Cost Method Clause in Contracts

Percentage of Construction Cost Method. The School District agrees to pay the Architectural Designer for Basic Services actually performed on the Project according to the following Project phase time schedule: Phase I: through to preparation of 55% of fee based on detailed cost estimates Project bid documents of Project; cost estimates shall be reviewed and accepted by the School District before ▇▇▇▇▇▇▇▇ can be processed Phase II: at Project bid opening 10% of fee based on the lowest responsible bid (total to 65% of the adjusted fee) Phase III: at completion of all Project shop 10% of fee based on the lowest responsible drawings and submittals bid (total to 75% of the adjusted fee) Phase IV: at Project construction completion 25% balance of the adjusted fee through Project commissioning program completion and resolution of all project change orders

Percentage of Construction Cost Method. The School District agrees to pay the Architectural Designer MEP Engineer for Basic Services actually performed on the Project according to the following Project phase time schedule: Phase I: through to preparation of 55% of fee based on detailed cost estimates Project bid documents of Project; cost estimates shall be reviewed and accepted by the School District before ▇▇▇▇▇▇▇▇ can be processed Phase II: at Project bid opening 10% of fee based on the lowest responsible bid (total to 65% of the adjusted fee) Phase III: at completion of all Project shop 10% of fee based on the lowest responsible drawings and submittals bid (total to 75% of the adjusted fee) Phase IV: at Project construction completion 25% balance of the adjusted fee through Project commissioning program completion and resolution of all project change orders

Percentage of Construction Cost Method. The School District agrees to pay the Architectural Designer for Basic Services actually performed on the Project assigned Project(s) according to the following Project phase time schedule: Phase I: through to preparation of 5540% of fee based on detailed cost estimates estimate Project bid documents of Project; estimated cost estimates shall be reviewed and accepted certified by the School District before ▇▇▇▇▇▇▇▇ billing can be processed Phase II: at Project bid opening 1030% of fee based on the lowest responsible bid (total to 65% of the adjusted fee70%) Phase III: at completion of all Project shop 1015% of fee based on the lowest responsible drawings and submittals bid (total to 75% of the adjusted fee85%) Phase IV: at Project construction completion 2515% of balance of the adjusted agreed-to fee through to Project commissioning program completion and resolution of all project change orders