Laserfiche WebLink
<br />e <br /> <br />e <br /> <br />SECTION 5 - PAYMENTS TO ARCHITECT <br /> <br />5.1 OWNER has established an initial construction cost limit <br />of four hundred thirty one thousand, eight hundred eighteen dollars <br />($431,818.00) for the Project plus a ten percent (10%) contingency <br />in the amount of forty three thousand, one hundred eighty two <br />dollars ($43,182.00) for a total of four hundred seventy-five <br />thousand dollars ($475,000.00) available for construction. <br /> <br />5.1.1For Basic Services. OWNER shall pay ARCHITECT for Basic <br />Services rendered under Section 1 (as amended and supplemented by <br />Exhibit A "Further Description of Basic Services and Related <br />Matters") as follows: <br /> <br />5.1.1.1 A lump sum in the amount of forty-two thousand seven <br />hundred fifty dollars (S42. 750.00) . Progress payments for Basic <br />Services in each phase shall total the following percentages of the <br />total basic compensation payable: <br /> <br />Design Development Phase <br />Construction Documents Phase <br />Bidding or Negotiation Phase <br />Construction Phase <br />(includes 20 site visits) <br />Operational Phase <br /> <br />( 25%) <br />( 40%) <br />( 10%) <br />( 20%) <br /> <br />$10,687.50 <br />$17,100.00 <br />$ 4,275.00 <br />$ 8,550.00 <br /> <br />$ 2,137.50 <br /> <br />(---.2% ) <br /> <br />Total Compensation for Basic Services <br /> <br />$ 42.750.00 <br /> <br />5.1.1.2 Should the ARCHITECT's Preliminary Construction Cost <br />Estimate or the lowest bona fide proposal or bid amount exceed the <br />amount in section 5.1 as available for construction, the ARCHITECT <br />may be required at the discretion of the OWNER to amend the design <br />to bring the construction cost estimate within the amount specified <br />without additional cost to the OWNER. <br /> <br />5.1.1.3 If the work is not carried on after Construction <br />Document Phase and drawings, specifications and Construction <br />Documents are completed and approved, the OWNER will pay the <br />ARCHITECT through the Construction Documents Phase in accordance <br />with Section 5.1.1 above; or, if the bids have been received, the <br />OWNER will pay the ARCHITECT seventy-five percent ( 75%) of the fee <br />as specified in Section 5.1.1.1. <br /> <br />5.1.1.4 The ARCHITECT'S responsibility to provide Basic Services <br />for the Construction Phase under this Agreement commences with the <br />award of the Contract for Construction and tenninates sixty (60) <br />days after a) the actual date of Substantial Completion. Services <br />provided after this date shall be considered Additional Services <br />with the compensation due in accordance with Subparagraph 5.1.2 of <br />this Agreement and shall require OWNER'S written authorization. <br /> <br />5-1 <br />