ARCHITECT’S FEE Clause Samples
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ARCHITECT’S FEE. The District will pay to the architect a fee of Six and a half percent (6.5%) of the final contract price for the construction of the project, which shall constitute complete compensation for all services performed, or caused to be performed, by Architect with respect to the construction of such project, except as specifically provided in paragraph 5 below. Such fee shall be payable as follows:
4.1 An initial 15% of the fee shall be paid upon the approval and acceptance by District of the schematic plans, drawings, sketches, and specifications meeting the requirements of paragraph 2 above.
4.2 An additional 15% of the fee shall be paid upon the approval and acceptance by District of the design development plans, drawings, sketches, and specifications meeting the requirements of paragraph 2 above.
4.3 An additional 15% of the fee shall be paid upon the approval and acceptance by the District of 50% complete construction drawings, and specifications.
4.4 An additional 15% of the fee shall be paid upon the approval and acceptance by the District of 90% complete construction drawings, and specifications.
4.5 An additional 15% of the fee shall be paid upon authorization by the Board of Trustees to award a construction contract. If bids are not solicited within 90 days after the approval and acceptance by the District of the final detailed plans, drawings, and specifications, this portion of the fee shall be payable at that time.
4.6 An additional 20% of the fee shall be paid in monthly payments during the course of construction. Each monthly payment shall bear the same relation to 20% of such fee as the monthly payment made to the contractor bears to the total amount to be paid to the contractor.
4.7 The Project Architect will submit statements for professional services rendered to the District based on sections 4.1, 4.2, 4.3, 4.4, 4.5, and 4.6. The statements shall be submitted for payment on or before the 15th of the month. For statements properly submitted on or before the 15th of the month, the District will pay for professional services on the 20th of the month.
4.8 The final 5% of the fee will be paid when all documents required in the Contract Documents or by this Contract have been furnished to the District; such documents shall include, but are not limited to: documents evidencing compliance with the design requirements set forth in paragraph 1.A.1.3 above, windstorm requirements, insurance requirements, and other contract closeout documents.
4.9 It is...
ARCHITECT’S FEE. 6.2.1 The Architect's fee shall be a fixed fee in the amount of One Million, One Hundred Sixty Thousand Dollars and zero cents ($1,160,000.00) paid pursuant to the provisions of Article 6, subparagraph 6.2.4, and
ARCHITECT’S FEE. 4.1 For performance of all services rendered, Owner shall pay to Architect the amount specified in Exhibits A and “C” incorporated herein by reference, which constitutes complete payment for Architect's services under this Agreement.
4.1.1 Unless otherwise agreed in writing, Architect’s compensation is not contingent on Owner obtaining funding for the Project.
4.1.2 Unless otherwise agreed, the construction cost for Multi-Prime Construction Management projects shall include the construction management fee and general conditions costs of the Construction Manager, and be calculated on the total collective cost of all Multi-Prime contracts.
4.1.3 When Architect’s compensation is based on a percentage of construction cost and any portion of the Project is deleted or otherwise not constructed, compensation for that portion of the Project shall be payable to the extent services are performed on that portion based on the lowest bona fide bid or estimate.
ARCHITECT’S FEE. The term “Architect’s Fee” shall mean the compensation to be paid to the Architect for Services rendered in connection with an MDC Project, including, without limitation, compensation for Additional Services, if any, pursuant to this Agreement, but shall not include Reimbursable Expenses (as hereinafter defined), if any.
ARCHITECT’S FEE. The Architect's fee shall be incorporated into the overall fee of the builder.
ARCHITECT’S FEE. 6.2.1 The Architect's fee shall be a fixed fee paid pursuant to the provisions of Article 6, subparagraph 6.2.3, and 6.5 Additional Services, subparagraph 6.5.2
ARCHITECT’S FEE. The calculation of the Architect’s fee for the services of the Architect, prior to the signing of the Contract, is based on the estimated cost of the Project and, in the absence of such an estimate, it is based on the approximate cost of the Project. The final fee paid for the Architect’s services, unless otherwise agreed, is adjusted based on the actual cost of the Project.
ARCHITECT’S FEE. The Architect's Fee, as determined herein, shall be considered compensation in full for all professional services rendered during the design and construction phases of the Project, exclusive of any "additional compensation" or extra services," as defined in the Contract. Unless "lump sum" payment is agreed, the Architect's Fee shall be based on a percentage of the estimated cost of construction as defined below.
ARCHITECT’S FEE. Owner will pay Architect, for the services provided under this agreement, a fee of six (6%) percent of construction cost. The fee shall be paid as follows: Schematic Design Phase ( 20%) percent Design Development Phase ( 20%) percent Construction Documents Phase ( 35%) percent Bidding or Negotiation Phase ( 5%) percent Construction Phase ( 20%) percent ---------------- Total Basic Compensation (100%) percent Payments are due and payable thirty (30) days from the date of the Architect's invoice. Amounts unpaid sixty (60) days after the invoice date shall bear interest at the prime rate at the principal place of the Architect.
ARCHITECT’S FEE. (a) The District shall pay to the Architect for the performance of all services rendered herein the amount of: