Agenda - 04-21-1987 - Laserfiche WebLink

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• ARTICLE 9 BASIS OF COMPENSATION The Owner shall compensate the Architect for the Services provided, in accordance with Article 4, Payments to the Architect,and the other Terms and Conditions of this Agreement,as follows: 9.1 AN INITIAL PAYMENT OF six hundred dollars (5 600.00 ) shall be made upon execution of this Agreement and credited to the Owner's account as follows: Amount of initial payment shall be credited to the final invoice for Architectural Services. 9.2 BASIC COMPENSATION 91.1 FOR BASIC SERVICES, as described in Paragraphs 1.1 through 1.4 or identified as such in Article 10, Basic Com- pensation shall be computed as follows: (Here insert basis of compensation, including fixed amounts,multiples or percentages, and identify Phases to which particular methods of Corm pensation apply,If necessary.) Basic services shall be charged at 10% of construction costs, estimated as follows: Estimated Construction Budget: $ 63,637.00 Architect's Fees : 6,363.00 9.2.2 Where compensation is based on a Stipulated Sum or Percentage of Construction Cost, payments for Basic Ser- vices shall be made as provided in Subparagraph 4.2 so that Basic Compensation for each Phase shall equal the following percentages of the total Compensation payable: (include any additional phases as appropriate.) Design Phase: thirty-five percent( %) 35% •Construction Documents Phase: forty percent( %)40% Bidding or Negotiation Phase: five percent( %) 5% Construction Phase: twenty percent( %) 20% 9.3 FOR ADDITIONAL SERVICES provided under Paragraph 1.5 or identified as such in Article 10, compensation shall be computed as follows: 1.5 times hourly rates for employees ($18.00/hr) (Here insert basis of compensation. including rates and/or multiple! Of Direct Per,cnnel Expense for Principals,consultants and employees. Eden• by specific types of consultants in Article 10,ii reyuired.,pri nei pal at $50.00/hr 1.2 times invoice for consultants authorized by Owner 9.4 Payments due the Architect and unpa 1p Llfg4rtAA149411Yal +g§l 7rr ilaritsitCfRim the date payment is due at the rate entered below, or in the absence thereof, at the legal rate prevailing at the principal place of busi- ness of the Architect. (Here insert any rate of interest agreed upon_) (Usuary laws and requirements under the Federal Truth in Lending Act,similar state and local consumer Credit laws and other regulations at the Owner's and Architect's principal places or business. the location of the Project and elsewhere may affect the validity of this provision. Specific legal advice should be obtained with respect to deletion,modification, or other requirements such as written disclosures or waivers.) 93 The Owner and the Architect agree in accordance with the Terms and Conditions of this Agreement that: 95.1 IF THE SCOPE of the Project or of the Architect's Services is changed materially,the amounts of compensation shall be equitably adjusted. 9.5.2 IF THE SERVICES covered by this Agreement have not been completed within 45 days ( ) months of the date hereof, through no fault of the Architect, the amounts of compensation, rates and multiples set forth herein shall be equitably adjusted. AIA DOCUMENT 0151 • AUREVIATED OWNER-ARCHITECT AGREEMENT • JUNE 1971 EDITION • AIM tb 1978• THE AMERICAN INSTITUTE OF ARCHITECTS,1725 NEW YORK AVENUE, N.W., WASHINGTON, D.C. 20006 5151.1978 6