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ARTICLE 11 BASIS OF COMPENSATION <br /> The Owner shall compensate the Architect as follows: <br /> §11.1 An Initial Payment of N/A <br /> ($ 4/A )shall be made upon execution of this Agreement and credited to the Owner's account at final <br /> payment. <br /> §11:2 BASIC COMPENSATION <br /> §112.1 For Basic Services,as described in Article 2,and any other services included in Article 12 as part of Basic <br /> Services,Basic Compensation shall be computed as follows: <br /> (Insert basis of compensation, including stipulated sums, multiples or percentages,and identify phases to which <br /> particular methods of compensation apply, if necessary.) <br /> Basis of compensation is a Stipulated Sum :dfl Sixty-onto th:)usand three hundred <br /> dollars $61;3}0.00). <br /> §11.2.2 Where compensation is based on a stipulated sum or percentage of Construction Cost,progress payments for <br /> Basic Services in each phase shall total the following percentages of the total Basic Compensation payable: <br /> (Insert additional phases as appropriate.) <br /> Schematic Design: percent( %) <br /> Design Development Phase: percent( %) <br /> Construction Documents Phase: seventy percent( 70 %) $42,910 <br /> Bidding or Negotiation Phase: f ive percent( - 5 %) 3,065 <br /> Construction Phase: twenty-five percent( 25 %) 157 <br /> 61,340 <br /> Total Basic Compensation one hundred percent( 100.00% ) <br /> §11.3 COMPENSATION FOR ADDITIONAL SERVICES <br /> §11:3.1 For Project Representation Beyond Basic Services, as described in Section 3.2,compensation shall be computed <br /> as follows: <br /> Principal's Time: $110%our <br /> Azrenitect's Time: $ 35/hour <br /> CA0D Time: '$ 65/'nour <br /> Construction Administration: $ 75/houlr <br /> OtIIZer efaployees at a rip- of 2.75 times direct izouirly wage. <br /> AIA Document B151TM—1997.Copyright©1974,1978,1987,and 1997 by The American Institute of Architects.All rights reserved.WARNING:This <br /> AIA®Document is protected by U.S.Copyright Law and International Treaties.Unauthorized reproduction or distribution of this AIA®Document, 13 <br /> or any portion of it,may result in severe civil and criminal penalties,and will be prosecuted to the maximum extent possible under the law. <br /> Purchasers are permitted to reproduce ten(10)copies of this document when completed.To report copyright violations of AIA Contract Documents,e-mail <br /> The American Institute of Architects'legal counsel,copyrlghtC@aJa.org. <br />