O-1999-2322 - Laserfiche WebLink

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e . SECTION 5 - PAYMENTS TO ARCHITECT 5.1 OWNER has established an initial construction cost limit of one million four hundred thirty-fIVe thousand fifty-three dollars ($ 1,435,053.00) available for construction. 5.1.1 For Basic Services. OWNER shall pay ARCHITECT for Basic Services rendered under Section 1 (as amended and supplemented by Exhibit A "Further Description of Basic Services and Related Matters'1 as follows: 5.1.1.1 A lump sum in the amount of one hundred fifteen thousand dollars {$ 115,000). Progress payments for Basic Services in each phase shall total the following percentages of the total basic compensation payable: Schematic Design Phase Design Development Phase Construction Documents Phase Bidding or Negotiation Phase Construction Phase Operational Phase fifteen percent twenty percent thirty-five percent five percent twenty percent five percent ( 15%) ( 20%) ( 35%) ( 5%) ( 20%) ( 5%) Total Compensation for Basic Services $115,000 5.1.1.2Should the ARCHITECTs Preliminary Construction Cost Estimate or the lowest bona fide proposal or bid amount exceed the amount in section 5.1 as available for construction, the ARCHITECT may be required at the discretion of the OWNER to amend the design to bring the construction cost estimate or bid amount within the amount specified without additional cost to the OWNER. 5.1.1.31f the work is not carried on after Construction Document Phase and drawings, specifications and Construction Documents are completed and approved, the OWNER will pay the ARCHITECT through the Construction Documents Phase in accordance with Section 5.1.1 above; or, if the bids have been received, the OWNER will pay the ARCHITECT seventy-five percent ( 75%) of the fee as specified in Section 5.1.1.1. 5.1.1.4The ARCHITECTS responsibility to provide Basic Services for the Construction Phase under this Agreement commences with the award of the Contract for Construction and terminates sixty (60) days after a) the actual date of Substantial Completion. Services provided after this date shall be considered Additional Services with the compensation due in accordance with Subparagraph 5.1.2 of this Agreement and shall require OWNER'S written authorization. 5.1.2 For Additional Services. OWNER shall pay ARCHITECT for Additional Services rendered under Section 2 as follows: On an hourly basis, using Standard Office Billing Rates and Categories identified in paragraph 5.5 of this Agreemen~ or as mutually agreed between 5-1