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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 /> ($ N/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 /> §11.2.1 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 a)-percentages, and identify phases to which <br /> particular methods of compensation apply, if necessary.) <br /> Basis of compensation is a Stipulated Sufa of Sixty-one t'rnousand three Tnundred <br /> dollars $61,300.00). <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 %) $422,910 <br /> Bidding or Negotiation Phase: five percent( 5 %) 3,065 <br /> Construction Phase: twenty-five percent( 25 %) 15L:325 <br /> , 6f,36, <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: $lt0/hour, <br /> Architect's Tim`: $ 85/hour <br /> CADD 'Time: $ 65/hour_ <br /> Construction Administr_ati.o.n:. $ 75/11our <br /> 0-Cher employees at a ree Hof. 2.75 times direct hourly wage. <br /> F <br /> AIA Document 8151 TM-1997.Copyright 01974,1978,1987,and 1997 by The American institute of Architects.All rights reserved.WARNING:This <br /> AlA6 Document is protected by U.S.Copyright Law and InternallonaI Treaties.Unauthorized reproduction or distribution of this Ale 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 /> Tti-A.,.,,.1—1—t1h R.of Amhilgrts'iPnal Counsel.coovdOht(@aia.or0. <br />