O-1992-1879 - Laserfiche WebLink

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e e SECTION 5 - PAYMENTS TO ARCHITECT 5.1 OWNER has established an initial construction cost limit of one hundred, seventy-six thousand, three hundred sixty seven dollars ($176,367.00) for the Project plus a five percent (5%) contingency for a total of one hundred eighty-five thousand, one hundred eighty five dollars ($185,185.00) 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") as follows: 5.1.1.1 A stipulated lump sum in the amount of thousand. eiaht hundred fifteen dollars ($14.815.00). payments for Basic Services in each phase shall total the percentages of the total basic compensation payable: fourteen Progress following Construction Documents Phase Construction Phase seventY-five percent ( 75%) twenty-five percent ( 25%) Total Compensation for Basic Services $ 14.815.00 5.1.1.2 Should the ARCHITECT's Preliminary Construction Cost Estimate exceed the lowest bona fide proposal or bid 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 within the amount specified without additional cost to the OWNER. 5.1.1.3 If 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 in addition pay the ARCHITECT seventv-five percent ( 75%) of the lump- sum fee as specified in Section 5.1.1.1. 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 Agreement, or as mutually agreed between OWNER and ARCHITECT prior to the commencement of any such services. 5.1.2.1 Resident Project Services. For Services of ARCHITECT's Resident Project Representative (and assistants) furnished under paragraph 1.6.2.1., compensation shall be computed as follows: 5-1