1974-10-23 Regular Meeting - Laserfiche WebLink

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bona fide bid, if no contract is awarded. Where no proposals or bona fide • bids are received, the Engineer's estimates prepared as a part of the De- sign Phase shall be the basis for final payment for these two phases. No reduction shall be made from the percentage charge on account of penalties or liquidated damages or other sums withheld from contractor's payments . A. Preliminary Phase Payment to the Engineer for services in the Preliminary Phase shall be a lump sum of $8500, payable upon submission to the Owner of the required report, sketches,, and estimates, and upon his accep- tance, which shall be within 30 days after submission. The Desi n Summary and accompanying drawings as submitted and approved at the conclusion of the conceptual study will constitute the preliminary engineering report. B. Design Phase Payment for services in the Design Phase shall be made to the Engineer in a sum equal to a percentage of the "construction cost" of the work authorized by the Owner in this Phase of the Project, as determined by multiplying the Basic Charge in percent (defined by • Enclosure A, which is attached hereto and made a part hereof) by the factor 0. 85. The classification of the construction work is Classification"A" for the purpose of applying the alternate Basic Charge and is that given in Section 3 of the current General Engineering Services Manual of the Consulting Engineers Council of Texas and the Texas Society of Professional Engineers (which Section 3 is here adopted by reference as part of this A.greement). Partial payments for services in the Design Phase shall be made monthly, based on the Engineer's estimate of the "construction cost" of the work. Payments will be made in proportion to that part of the services in the Design Phase which has been accomplished as evidenced by monthly statements submitted by the Engineer to the Owner. Each partial payment for services in the Design Phase shall be reduced by 20 percent as a credit against prior payments made to the Engineer for services in the Preliminary Phase. The maximum total amount of such credits shall be $5000. Final payment for services authorized in the Design Phase shall be due upon the completion of these services. C. Construction Phase • Payment for services in the Construction Phase shall be made to the Engineer in a sum equal to a percentage of the "construction cost" of the work authorized by the Owner in this Phase of the Project, as -6-