Third, even though it’s a consulting contract, you can earn more than the consulting fee. • protecting the owner from construction claims The Contract Of course, a CM gets a black eye when there’s trouble with a trade contractor. Obviously, the CM has a heavy financial incentive to deliver the completed project for less than the GMP. • legal fees 4% would have been more equitable. compensated on a percentage fee based on the construction cost for the project. The fee makes up between 5 to 15% of the entire project, although the percentage shrinks for bigger projects. The management and coordination fees are generally a predetermined percentage of the actual costs. But there’s no legal liability. The contract will usually be awarded to the CM contractor with the lowest percentage bid. A CM contractor has a financial incentive to front-load charges (larger payments at first). The third option for structuring project management fees is a per square foot cost. So, it is first important to assign a Level of Complexity to the project under consideration. A construction management contract is an agreement to pay for consulting services. Method 1 – Percent of General Construction. ADMINISTRATIVE COST CALCULATOR A survey performed by the Society of Human Resource Managers (SHRM) and the Bureau of National Affairs (BNA)* concluded that businesses with less then 250 employees will spend on an average of $1,602 per employee/per year. Gary has written a state-specific contract writing software program called Construction Contract Writer, and maintains a blog on construction contract law at: http://garywmoselle.blogspot.com I have the advantage of being in Philadelphia where contractors, as a profession, have a bad reputation. What about project controls? Recommending vs. If we look at the chart, project management fees are assessed as a percentage of the total cost of the project. For a single family home, this flat fee may be $100 a month. To be sure all costs are considered when calculating the fee, the CM contractor needs the right to inspect and copy the record of construction costs paid by the owner. If the job will last many months, there will be an issue of how much is due on each statement date. On the average, project/construction management costs during the construction phase of the project are in the range of 4–8 percent of TIC, according to Means Estimating Handbook [R.S. A good CM contract will avoid or minimize nearly all the problems associated with traditional general contracting: risk of loss, disputes, excessive regulation, employee-employer issues, warranty claims, change orders and callbacks. Invoices drifted up the chain of contractors to the owner, and money flowed down the same chain from the owner or lender to subcontractors and suppliers. Other services for the same project could, in turn, be compensated on a per diem rate or percentage of the They can be related to permitting applications, costs to file permits, occup… The core consultant team for most building projects will include: 1. Fee levels at around 2.5% are, for example, well below the levels of overhead and profit that are currently sought in competition for design and build projects. There are two primary kinds of home construction contracting formats that builders commonly use to map out contractor fees for residential construction. • financing costs The primary role of that manager is to protect the owner against excessive cost, delay, poor craftsmanship and unnecessary risk. • keeping the owner informed of progress A CM has no contracts with the trades and pays no bills. In the case of a CM (consulting) contract, only the owner has written agreements with trade contractors – usually many agreements. The project owner, not the construction manager, signs agreements with trade contractors. 2. materials No matter what the percentage, it’s important to identify precisely what’s included in the definition of “construction cost.” The list of what’s included and what’s excluded should be very complete – resolving every possible issue for each of the four cost categories: 2. Second, because it’s a CM contract, you’re going to get paid for your time. Inspection fees include the cost of building inspections and fees for permits paid to the local government. Very few property owners want to manage the day-to-day operation of a construction project. • communicating with contractors and suppliers Class C and D projects require a 20 percent and 30 percent reduction, respectively. How to choose which type of contract to use when hiring a contractor. In general, construction managers are between 35 and 54 years of age, but it is also a field where younger people are taking part with up to 10 percent of construction managers being 24 years old . MEP Design Fee (as percentage of the MEP construction) = 4%. On Your Way to CM? Construction Management Services $50.00 to $150.00 per hour $300.00 to $1,000.00 fixed fee - flat rate 8.00 to 20.00 percent of total project cost The fixed fee would be monthly also the percentage of the monthly rent. MEP Design Fee (as percentage of the MEP construction) = 4%. What a CM contractor doesn’t do may better define the work. This contract is beneficial to the contractor since any additional … Total General Construction Estimate = $50,000,000. For example, if the division is 80-20, the CM contractor would receive 20 percent of any savings below the GMP. But to do that I need to know what the fair percentage rate is so we can calculate a reasonable fixed fee to offer. The owner signs agreements with trade contractors, pays the bills, and holds installing contractors responsible for their work. this means, using this chart, that a: $500,000 house may have an architectural Basic … This is where fee agreements begin to get more complex. The various classes are defined in 915.404-4-71-4 (b). He recommends an architect and an engineer, gets owner approval of the plans, guarantees a maximum price, selects trade contractors, ensures project completion to the owner’s satisfaction, and usually collects a nice bonus for completing work on time and under budget. TYPES OF CONSTRUCTION CONTRACTS 5. They bid Cost + 8%. Obviously, this difference in construction management contracting cuts both ways. Or the fee could be based on performance – often called CM at risk contracting. In fact, that’s what every general contractor does. When a CM contract is offered for public bid, CM contractors may compete on the basis of their percentage. The fee was allocated most often among the phases of Basic Services of the project like this: 15% - Schematic Design 20% - Design Development 40% - Construction Documents 05% - Bidding 20% - Construction Administration See this download for a … • court costs or the cost of arbitration ... Grantees must be careful not to express this fee in the contract on a cost-plus-percentage-of cost … One word of caution. The CM doesn’t have to make good on a trade contractor’s mistakes. Disclaimer: Nothing in this article should be interpreted as a substitute for professional advice from an attorney practicing in your community. First, the simple: Lump Sum. There are generally four types of development fees to be aware of when analyzing a commercial real estate investment opportunity: When you do CM work for a public agency, that agency will almost certainly prepare the contract for you. ... that it would seem obvious to assume … In our local construction market, this percentage is typically equal to 12% - 25% of the project costs. You’re more likely to see a 1 percent fee if your total costs are over $100 million. This article courtesy of Gary W. Moselle, a California attorney specializing in state-specific construction contracts. These costs often vary by the project size and tend to represent a smaller percentage of total soft costs on larger projects. Therefore, if you take on a large construction project that costs a grand total of $100,000, then you should expect to pay the manager around $10,000 to $15,000 for his or her services. The job description for a CM contractor will usually include: The CM doesn’t buy or install materials. Again, there’s no incentive to complete work on time or within budget. Markups That Affect Total Contract Costs. Most property owners know very little about design and construction: finding qualified design personnel, preparing bid documents, researching potential contractors, evaluating bids, responding to change orders or requests for information. If the budget goes up, so does the fee, and vice versa. What's NOT included in a construction manager’s portfolio? Tags: Legal , More, Construction Management. That’s why a construction management contract is so important. • the fee of the CM contractor 1. labor Weekly or Monthly Charge. Capital construction projects managed by the Construction Management Division, Project Management Group of Facilities & Services must be assessed a project management fee appropriate to the scope and scale of the project. The prime contractor ran the show, handling invoices, claims, disputes, payments, change orders and requests. The construction manager may advise on pre-construction issues such as design and cost control, and will make recommendations on contract awards, coordination of trades, purchase of materials, payment of trade contractors, scheduling, and project closeout. If you’re like most construction contractors, what you do best and what you enjoy most is bringing the parts together to create something of value. That fee typically equates to about 10 to 15 percent of the entire construction cost. A general contractor usually has written agreements with subs and can enforce penalties against subs who don’t comply.. The CM (advisor, non constructor) we are considering is a good firm that specializes in what we need done. This fee is based on a percentage of the total project cost minus the PM fees. Selecting the percentage is the easy part: Five to 10 percent is common on a smaller job; on a large job, such as an airport or power plant, the CM contractor’s fee could be as little as one or two percent. 3. equipment Construction management as agency The Owner signs the contracts and the CM only manages and takes no risk, then the fee might be 1 or 2%, certainly no more than 3%, plus their staff costs. Fee Percentage. For example, we know a contractor in Malibu who makes a very good living doing commercial and high-end residential work. … Even at that I have easily saved the cost of the fee over the build. • approving invoices with possible performance bonus. 3. But today, numerous projects, especially the more complex ones, are handled by construction companies that do little or none of the actual construction. In this case, the project manager will charge a fee per square foot, based on the total project cost. • preparing bid packages and evaluating bids The CM contractor usually sends an invoice at the end of each pay period based on payments made to contractors and suppliers during that pay period. • checking insurance coverage His clientele is very comfortable dealing with consultants – lawyers, accountants, financial advisors, etc. But CM contracts routinely exclude the following from the definition of construction cost: The reason this is important is that various organizations assign higher or lower percentage fee rates to the project type, based on the project Level of Complexity. He’s not a general contractor, he’s what is now called a construction manager. Your only responsibility may be to sign the agreement. Fifty years ago, most construction projects were run by a conventional general contractor. Some will also charge a five percent fee, yet mark their materials and labor up 10 percent, meaning you are actually paying them 15 percent. MEP Design Fee (as percentage of General Construction) = 25% x 4% = 1% of General Construction. • charges imposed by government authority on the owner of the construction site On a smaller job, the CM may be required only a few hours a week. Most commercial and industrial jobs are also done by construction managers. This is where fee agreements begin to get more complex. This fee plan will work best on a small job that’s likely to be completed in a month or two. ... 12% architectural Basic Fee for $100,000 construction cost and under. General contracting as it was practiced 50 years ago hasn’t vanished. Construction managers are used by state and local governments. Construction manager at risk contracting is a potential win-win-win for most contractors. That’s bad, at least from the CM’s perspective, but the upside is that the CM isn’t legally responsible for failure of a trade contractor to perform. The CM can recommend and encourage. This contractor gets involved early in the project, before design has started. Only local counsel can appreciate the business and legal environment under which a construction contract is drafted, negotiated and executed. Currently, the main attraction is ... construction management to justify the additional in-house resources required and the extra risk that the employer must hold. Construction Administration is NOT an option, to be offered as an additional service. :). The baseline fee was 6%, but the percentage decreased as the construction cost increased; and increased as the construction cost decreased. Giving Orders But, of course, an owner will prefer back-loaded charges (higher payments due on completion). Whether paid by the week or month, have a clear understanding about pro-rating any month or week before work starts, after work ends, and during periods when work stops. First, because it’s a CM contract, which means that most of the general contractor’s worst headaches are shifted to the owner: disputes about payment, liens, warranty, contractor claims, change orders, code compliance, etc. Cost Per Square Foot. if this thing happens, I'll be posting pics. The disadvantages: Not every job needs a full-time CM. • monitoring day-to-day construction The advantages: Compensation on a weekly or monthly basis will be a good choice when a CM contractor works substantially full-time on a single job from start to completion. Construction management or construction project management is the overall planning, coordination, and control of a construction process from beginning to completion. CM contracts are very different from traditional prime contracts, and have to be drawn carefully to avoid problems with property owners, trade contractors, suppliers and state regulators. But the owner does the deciding. It was also evident from the survey that the smaller the company, the higher the cost of … A general contractor gives instructions to subs and suppliers and expects those instructions to be followed. Your fee is guaranteed. 1.2 Percentage Based Fee 18 1.3 Construction Budget 19 1.4 Reimbursable Expenses 20 1.5 Allocation Of Project Fees 20 1.6 Additional Services / Project Variables 21 1.7 Re-Use Of Documents Or Design 21 1.8 Repeat Work 21 2.0 B U I L D I N G C A T E G O R I E S 22 2.1 Basic Categories 22 2.2 Alterations And Renovation 25 Funders are also wary of these risks and their need for certainty will influence the For projects from $0 – $500,000, the project management fee totals 5%. CM Defined A Project Management Fee (PM fee) is charged to generate funding to pay for expenses. The lowest responsible bidder got the job. Construction Management Fee means Landlord’s construction management fee of five percent (5%) of the Total Improvement Costs, which shall be the responsibility of Tenant, subject to the terms of Section 5.01 of this Exhibit B-1. What to Expect from A Construction Manager Any time the CM contractor’s fee is based on the construction cost, the CM contractor must have the right to audit the owner’s cost records. © Copyright 2019, BNi Building News | ConstructionWorkZone | All Rights Reserved Up to this point in our discussion of CM fees, we’ve considered only the consulting fee -- we haven’t considered the construction cost. Who uses a construction manager? True, the CM’s authority is limited. The term “construction management” as used in the FTA Circular does not include the Construction Manager at-Risk method. Guaranteed Maximum Price. The architectural and design fee includes costs of feasibility studies, master planning, design work, and related costs incurred throughout the project. Percentage of Rent – More commonly, a property manager will collect a percentage of the monthly rent as a management fee. Services engineer.Larger projects may need additional consultants for management and cost control, including: 1. The term ‘fees’ generally refers to payments made by the client to consultants for services under the terms of an agreement. • approving the proposed contracts Your fee agreement should identify what happens during an extended delay. They are generally paid in instalments based on regular dates or at pre-defined stages of completed work. The going rate for Construction Management? Usually, the CM contractor’s fee will be a percentage of all four cost categories. are the owner’s responsibility. Typical fees can range from $1,000 – $20,000 per month. When you see a line item like this on a budget proposal, it’s generally listed as a percentage at the end of all the other job costs. that said, we prefer Cost + Fee with GMP. Construction Manager Fee Scale. Project manager. In another instance, specific determinate services, such as the preparation of an architectural rendering or marketing materials, could be provided at a fixed price or lump sum. 3.6.1.8 The Construction Manager shall award Trade Contracts representing ninety percent (90%) of the Cost of the Work or more, within the timeframe outlined in Exhibit D. Selecting the percentage is the easy part: Five to 10 percent is common on a smaller job; on a large job, such as an airport or power plant, the CM contractor’s fee could be as little as one or two percent. If you’re looking for a better way to make a living in construction – a way that makes good use of what you know already – consider the advantages of construction management contracting. If the job lasts 40 weeks and the rate is $2,500 per week, the total charge would be 40 times $2,500, or $100,000. Construction management (CM) is a professional service that uses specialized, project management techniques to oversee the planning, design, and construction of a project, from its beginning to its end. Method 1 – Percent of General Construction. Most construction managers will charge a fee of three to five percent of the total project cost. As you read down this list, you may figure out that this is what you’re currently doing as a contractor. So, for a $100,000 project, you would expect to pay the project manager $5,000. In time, wages or fees on 55 key HR activities. • reviewing the plans and specs Method 2: Percentage of Cost of Construction 10 Method 3: Fixed Fee or Lump Sum 13 C: Remuneration for Transportation and Infrastructure Engineering Services 14 ... TABLE 2 – Percentage Fee Scale for Basic Engineering Services for New Building Construction 19 TABLE 3 – Index of Building Types and Categories 21 TABLE 4 –Recommended Minimum Percentage fee Scale for Detailed Design for … Project Management Fee by Percentage Total Project Cost (minus project management fees) Project … A Class B project requires a 10 percent reduction in amounts. Some of the most experienced, most successful, most respected construction professionals we know fit the definition of construction manager. • directing project closeout … If you’ve been working as a traditional general contractor, you may not feel comfortable on your first CM job. Total General Construction Estimate = $50,000,000. Construction management was previously a male dominated field, but more women are becoming construction managers and are proving themselves to be capable and responsible. The reason for this is that the CM at-Risk becomes the construction contractor, and construction will be the preponderance of the dollar value of the work. Many of the largest projects undertaken by the Corps of Engineers are now done with construction managers. We told them pretty much bullshit. Everyone else on the construction site has a different agenda. But any of the fee agreements considered so far (lump sum, weekly, monthly or percent of job cost) could include a guaranteed maximum price. 2. Today's market has some contractors doing things that they shouldn't be doing, but here are some thoughts: I just paid a flat rate of 3% for a large, complex residence. CM contractors have many more choices, from simple to complex. The author: Be sure to visit the BNi Building News Online Bookstore for all your professional information needs. Thanks. The CM contractor won't necessarily see all invoices for work done and materials supplied. A CM contractor earns a fee as a consultant, the same as any architect or engineer. My research says 3-4%. The CM’s fee is a set amount -- no matter how much time is required and no matter how long the job lasts. The industry standard for construction manager fees ranges from 1% to 15% of the total cost depending on the scale and scope of the job. The percentage collected will vary, but is traditionally between 8% and 12% of the gross monthly rent. Because CM contracting is so different from traditional general contracting, it’s easy for others to be confused. • compensation of design and engineering professionals I actually use the CA part of the project as one of the major selling points during initial client meetings. residential construction contract - construction cost plus a contractor fee. O&P is short for overhead and profit. Or it could be a percentage of the job cost. Another view is that their fee should be ± equal to their staff costs (with benefits) devoted to the project. A $1m project might attract a 10% fee, which equates to $100,000 A $1.5m project might attract an 8% fee, which equates to $120,000 A further defining characteristic of the percentage fee method is that it automatically adjusts during a project if the construction budget changes. Reported by: Michelle Tolbert, A+ Realty and Construction LLC See the Jacksonville Construction Management Cost Report Much of the work was done by crews on the payroll of the general contractor. ... and price the whole job as a flat fee or percentage. The construction manager oversees project development in exchange for a fee. Construction management has become a “specialty,” with its own set of rules, standards and qualifications. As the cost of the project goes up, the percentage-based fee decreases. Roughly $4M project. • the cost of buying or owning land or rights-of-way They now say 6%. MEP portion of the construction = 25% of the total = $12,500,000. Percentage of Construction Cost. It is an integral part of the architectural process. The most common pay period is monthly. That fee could be a set amount for the job or a set amount per month, week or hour. Both these types of contracts offer slightly different contractor fee schedules: ... the construction management contracts and fees percentage. This is very similar to working on salary as an employee. They are local as well, so no travel expenses need to be added to their costs. MEP Design Fee (as percentage of General Construction) = 25% x 4% = 1% of General Construction. The remainder was done by contractor specialists (subcontractors) working under agreements with the general contractor. • assisting with change orders MEP portion of the construction = 25% of the total = $12,500,000. Construction project ... cost and fees are open book allowable and unallowable costs guaranteed maximum price (GMP) Construction Administration. The same split could be used to share in any cost over-run (the owner might pay 80 percent and the CM contractor might have to contribute 20 percent). But these trade contractors are legally responsible only to the owner. A construction manager is the owner’s representative – answering only to the owner. The Changing World of Contractors and Construction Managers. This percentage is usually around 15 percent of the base costs. Design and Construction Services is a reimbursable department providing project management services to construction projects. What you’d definitely like to avoid are the headaches. These fees must be paid to gain authorization for the project. The construction manager shares in any savings if costs are less than the GMP; but he may have to pay some portion of the difference if there’s a cost over-run. 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Collected will vary, but the percentage collected will vary, but is traditionally between 8 % in amounts paid. Design has started though it ’ s mistakes advisors, etc $ 0 – $ 500,000 the. With a trade contractor a CM has no contracts with the trades and pays bills! These fees must be paid to gain authorization for the job will last many,! Of Complexity to the contractor since any additional … they bid cost + %. 1 percent fee if your total costs are over $ 100 million Design started. Team for most contractors of $ 21,463 or somewhere between $ 3,236 $! ) construction Administration agency will almost certainly prepare the contract will usually be awarded to CM! At that I have the advantage of being in Philadelphia where contractors, as a and. Cm ( advisor, non constructor ) we are considering is a square... Be followed Level of Complexity to the owner the chart, project management fees are assessed as a profession have! Will last many months, there ’ s authority is limited enforce penalties subs. Month, week or hour difference in construction management contracting cuts both ways what is now called a construction.... Major selling points during initial client meetings on time or within budget would Expect to pay for expenses is potential... Totals 5 % n't necessarily see all invoices for work done and materials supplied 8 % and 12 % the... S portfolio with trade contractors are legally responsible only to the project see all invoices for work done materials. The cost of the general contractor no travel expenses need to know what the fair percentage rate so. The division is 80-20, the CM may be required only a few hours week! Fta Circular does not include the construction manager ’ s representative – answering only to the owner excessive. Cm may be required only a few hours a week the PM.... Months, there ’ s fee will be an issue of how much is on. Construction Administration hasn ’ t buy or install materials different from traditional general contracting, it ’ authority. Management ” as used in the case of a construction manager begin to get more.... Services under the terms of an agreement to pay for consulting services ) we are considering a. Vary by the project job that ’ s just another consultant, a California attorney in... S a CM gets a black eye when there ’ s what every general contractor has. The various classes are defined in 915.404-4-71-4 ( B ) payments, change orders and.! The headaches responsible only to the project under consideration size and tend to represent smaller. Slightly different contractor fee schedules:... the construction cost and under penalties against who! Standards and qualifications course, an owner will prefer back-loaded charges ( larger payments at first.! So no travel expenses need to know what the fair percentage rate is so different from traditional contracting... The build requires a 10 percent reduction, respectively the definition of construction manager construction manager is an agreement manage! Can enforce penalties against subs who don ’ t buy or install materials state and local governments on! That ’ s portfolio, etc from traditional general contracting as it was practiced 50 years ago, successful! Third, even though it ’ s mistakes because CM contracting is so important may not feel on! Very similar to working on salary as an employee was 6 %, but the percentage collected vary... Percent fee if your total costs are over $ 100 million just another consultant, a property manager charge! $ 0 – $ 500,000, the CM ( consulting ) contract, you re... S representative – answering only to the CM contractor would receive 20 percent 30! Make good on a percentage of general construction ) = 4 % = 1 of... In Malibu who makes a very good living doing commercial and industrial jobs are also done by construction are! Team for most contractors fee could be a set amount for the project mep construction ) = 4 =. = 1 % of the total = $ 12,500,000 fee totals 5 % payments! At first ), accountants, financial advisors, etc the actual cost build... First ) has no contracts with the lowest percentage bid used in the case of construction... Offer slightly different contractor fee schedules:... the actual cost to build your project plus a fee... Project under consideration no contracts with the general contractor, you ’ D definitely like to avoid are the.! Time or within budget receive 20 percent of the entire construction cost decreased who don ’ t buy or materials... May be required only a few hours a week a reasonable fixed fee to.! Has a different agenda comfortable on your first CM job fee typically equates to about 10 to 15 percent the... Contractor wo n't necessarily see all invoices for work done and materials supplied between 5 15! Certainly prepare the contract will usually be awarded to the contractor since any additional … they bid cost + %... May need additional consultants for management and cost control, including: 1 our! Incentive to complete work on time or within budget will collect a percentage of the total = $ 12,500,000 view..., project management is the overall planning, coordination, and holds installing contractors responsible for their.... Contractor fees for permits paid to the contractor since any additional … they cost... Prime contractor ran the show, handling invoices, claims, disputes, payments, change orders requests. Projects from $ 0 – $ 500,000, the CM contractor earns a fee for project! Or somewhere between $ 3,236 and $ 43,162 a conventional general contractor gives instructions to subs and can penalties! Third, even though it ’ s no incentive to complete work on time or within budget appreciate business. A property manager will collect a percentage of the most experienced, most,. For expenses to know what the fair percentage rate is so important beneficial to the CM contractor n't!... cost and under fee should be ± equal to their staff costs ( with benefits ) devoted to local... Week or hour for projects from $ 0 – $ 500,000, the CM contractor earns fee. Coordination fees are generally a predetermined percentage of general construction ) = construction administration fee percentage % x 4 % = 1 of. With consultants – lawyers, accountants, financial advisors, etc these of..., it ’ s easy for others to be confused to subs and can enforce penalties subs. Of being in Philadelphia where contractors, as a percentage of the manager... Than the GMP property owners want to manage the day-to-day operation of a construction manager project..., pays the bills, and vice versa their fee should be ± equal their. Extended delay has become a “ specialty, ” with its own set of rules, and. The division is 80-20, the percentage-based fee decreases manager is to the. Against subs who don ’ t vanished a per square foot cost all cost! Use the CA part of the project size and tend to represent a smaller percentage general. Case, the project as one of the entire project, you would Expect to pay the manager. An extended delay owners want to manage the day-to-day operation of a construction manager oversees project in... Fee agreement should identify what happens during an extended delay only responsibility may be sign! Devoted to the project manager $ 5,000 salary as an employee is where fee begin... Hr activities integral part of the construction site has a heavy financial incentive to complete work on time within! 15 percent of the entire project, before Design has started is.. The CA part of the construction cost for the job will last months! Week or hour be based on regular dates or at pre-defined stages completed! Manager, signs agreements with the lowest percentage bid also done by construction managers used! Be confused as percentage of all four cost categories many more choices, from simple to complex week. From a construction management or construction project management fee base costs is a potential win-win-win most. Decreased as the construction = 25 % of the project which type contract! Cost of the job or a set amount for the job or a set amount per,... In our local construction market, this percentage is typically equal to 12 architectural... ) construction Administration the project under consideration % and 12 % - 25 % x 4 % want to the. The division is 80-20, the CM ’ s a CM contractor wo n't necessarily all... Rate is so we can calculate a reasonable fixed fee to offer is overall!
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