Orange County NC Website
10.3 PAYMENTS ON ACCOUNT OF BASIC SERVICES forth in Subparagraph 11.2.2,based on(1)the lowest bona fide <br /> bid or negotiated proposal,or(2)if no such bid or proposal is <br /> 10.3.1 An initial payment as set forth in Paragraph 11.1 is the received, the most recent preliminary estimate of Construction <br /> minimum payment under this Agreement. Cost or detailed estimate of Construction Cost for such por- <br /> 10.3.2 Subsequent payments for Basic Services shall be made tions of the Project. <br /> monthly and, where applicable, shall be in proportion to ser- 10.4 PAYMENTS ON ACCOUNT OF ADDITIONAL <br /> vices performed within each phase of service. SERVICES AND REIMBURSABLE EXPENSES <br /> 10.3.3 If and to the extent that the time initially established in <br /> Subparagraph 11.5.1 of this Agreement is exceeded or ex- 10.4.1 Payments on account of the Architect's Additional Ser- <br /> tended through no fault of the Architect,compensation for any vices and for Reimbursable Expenses shall be made monthly <br /> services rendered during the additional period of time shall be upon presentation of the Architect's statement of services <br /> computed in the manner set forth in Subparagraph 11.3.2. rendered or expenses incurred. <br /> 10.3.4 When compensation is based on a percentage of Con- 10.5 PAYMENTS WITHHELD <br /> struction Cost and any portions of the Project are deleted or <br /> otherwise not constructed,compensation for those portions of 10.5.1 No deductions shall be made from the Architect's com- <br /> the Project shall be payable to the extent services are per- pensation on account of sums withheld from payments to <br /> formed on those portions,in accordance with the schedule set contractors. <br /> ARTICLE 11 <br /> BASIS OF COMPENSATION <br /> The Owner shall compensate the Architect as follows: <br /> 11.1 AN INITIAL PAYMENT OF Zero Dollars($ _0_ ) <br /> shall be made upon execution of this Agreement and credited to the Owner's account at final payment. <br /> 11.2 BASIC COMPENSATION <br /> 11.2.1 FOR BASIC SERVICES,as described in Article 2,and any other services included in Article 12 as part of Basic Services,Basic <br /> Compensation shall be computed as follows: <br /> (Insert basis of compensation,including stipulated sums,multiples or percentages,and identify phases to which particular methods of compensation apply,if necessary.) <br /> Compensation shall be a fixed fee of $38,725. plus additional services noted <br /> in article 12. 1 and reimbursable expenses noted in article 12.3. <br /> 11.2.2 Where compensation is based on a stipulated sum or percentage of Construction Cost,progress payments for Basic Services <br /> in each phase shall total the following percentages of the total Basic Compensation payable: <br /> (Insert additional phases as appropriate.) <br /> Design Phase: percent(40 %) <br /> Construction Documents Phase: percent(35 %) <br /> Construction Phase: percent(25 %) <br /> Total Basic Compensation: one hundred percent(100%) <br /> AIA DOCUMENT 8151 •ABBREVIATED OWNER-ARCHITECT AGREEMENT•THIRD EDITION•AIAO •©1987 <br /> THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE,N.W.,WASHINGTON,D.C.20006 B151-1987 6 <br /> WARNING:Unlicensed photocopying violates U.S.copyright laws and is subject to legal prosecution. <br />