Agenda - 01-20-1987 - Laserfiche WebLink

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• 4 , r ARTICLE 14 BASIS OF COMPENSATION The Owner shall compensate the Architect for the Scope of Services provided, in accordance with Article 6, Payments to the Architect, and the other Terms and Conditions of this Agreement,as follows: 14.1 AN INITIAL.PAYMENT of dollars(S 0.00 ) shall be made upon execution of this Agreement and credited to the Owner's account as follows: 14.2 BASIC COMPENSATION 14.2.1 FOR BASIC SERVICES,as described in Paragraphs 1.1 through 1.5,and any other services included in Article 15 as part of Basic Services, Basic Compensation shall be computed as follows: (Here insert basis of compensation, including fixed amounts,multiples or percentages,and identify Phases to which particular methods of compensa- tion apply,it necessary.) A fixed amount of five thousand five hundred dollars ($5,500) for schematic design, design development, construction documents and bidding/negotiations. An amount not to exceed one thousand dollars ($1,000) for construction administration. 14.2.2 Where compensation is based on a Stipulated Sum or Percentage of Construction Cost, payments for Basic Services shall be made as provided in Subparagraph 6.1.2, so that Basic Compensation for each Phase shall equal the following percentages of the total Basic Compensation payable: (Include any additional Phases as appropriate_! Schematic Design Phase: percent( %) Design Development Phase: $2,100 percent( %) Construction Documents Phase: percent( %) Bidding or Negotiation Phase: $3,400 percent( %) Construction Phase: (Not to Exceed) $1,000 percent( %) 14.3 FOR PROJECT REPRESENTATION BEYOND BASIC SERVICES,as described in Paragraph 1.6,Compensation shall be computed separately in accordance with Subparagraph 1.6.2. AIA DOCUMENT BM •OWNER-ARCHITECT AGREEMENT• THIRTEENTH EDITION• JULY 1977• MAe• Q 1577 THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE, N.W., WASHINGTON, D.C. 20006 2141+1977 9