Common use of Reduction in Fees Clause in Contracts

Reduction in Fees. In the event that either the Department and the Design- Builder are unable to agree upon a GMP or the GMP exceeds the Design-to-Budget established at the end of the Design Development phase, the Design-Builder shall forfeit fifty percent (50%) of the portion of the Base Design-Build Fee allocated to the Design and Preconstruction Phase.

Appears in 2 contracts

Sources: Design Build Agreement, Design Build Agreement