COMPENSATION FOR BASIC AND ADDITIONAL SERVICES. The performance of, and payment for, Basic Services is divided into Parts I, II, and III as described below. The total compensation for Basic Services shall be an amount equal to the sum of 71% of % of the Construction Budget (for Part I and Part II services) as set forth on Page 1 of this Agreement, plus 29% of % of the Construction Budget (for Part III services), as defined in Article V. If the Total Contract Cost to be negotiated between the owner and the GC/CM differs from the Construction Budget amount on page 1 of this Agreement, the Owner may, at its sole discretion, consider an amendment to this Agreement modifying the Construction Budget amount. If at any time the Construction Budget is changed by amendment to this Agreement, the Basic Services Fee shall be adjusted for the next phase as appropriate, however, no fee adjustment shall be made for phases already completed at the time any such amendment is effective. The fee for each phase and part reflects an agreement by the parties that such fee is adequate compensation for basic services performed during each phase or part irrespective of whether this contract is suspended or terminated prior to the completion of all parts. Progress Payments for Basic Services in each phase shall not exceed the following percentages of the total Basic Services Fee compensation: Schematic Design Phase is and Design Development Phase is 40% of 38% 60% of 38% } } Part I equals 38% of } Basic Services Compensation Construction Doc. Phase is and Bidding Phase is 95% of 33% 5% of 33% } } Part II equals 33% of } Basic Services Compensation Construction Phase is and Construction Completion Phase 90% of 29% 10% of 29% } } Part III equals 29% of } Basic Services Compensation Owner may authorize the performance of Additional Services by Architect when deemed necessary by Owner. Additional Services shall be individually authorized in writing by Owner prior to performance. The parties agree that such authorization by the Owner will constitute an amendment to this Agreement, unless, within 14 calendar days from the date of the Additional Services authorization, the Architect submits a written objection to the Owner. Performance of and payment for Additional Services shall be in accordance with Articles III and VII. Reimbursable Expenses are in addition to Basic Services and Additional Services compensation and are described in Article III and in Attachment A. Reimbursable expenses shall be paid by Owner in accordance with Artic...
COMPENSATION FOR BASIC AND ADDITIONAL SERVICES. A Maximum Allowable Construction Cost (MACC) will be established for each project and the percent fee compensation will be computed in accordance with the guidelines set forth in the Washington State Fee Schedule and will be set forth in a Basic Services Authorization issued for each project. The performance of, and payment for, Basic Services is divided into Parts I, II, and III as described below. The total compensation for Basic Services shall be calculated as follows:
COMPENSATION FOR BASIC AND ADDITIONAL SERVICES. For PMF’s timely performance of Basic Services described under Section 2.2, and in accordance with the schedule set forth in “Exhibit D,” TFC shall pay PMF a stipulated Sum of Fifteen Million Five Hundred Sixty-Seven Thousand Nine Hundred Sixty-Four and 25/100 Dollars ($15,567,964.25), which may be further categorized on a Project basis. For PMF’s timely performance of Additional Services pursuant to Amendment No. 3, and to the extent applicable in accordance with the schedule set forth in “Exhibit D,” TFC shall pay PMF a stipulated sum of One Hundred Sixty-One Thousand Two Hundred Eighty and No/100 Dollars ($161,280.00) for a total stipulated amount of Fifteen Million Seven Hundred Twenty-Nine Thousand Two Hundred Forty-Four and 25/100 ($15,729,244.25). All other terms and conditions of the Agreement not expressly amended herein shall remain in full force and effect.
COMPENSATION FOR BASIC AND ADDITIONAL SERVICES. For PMF’s timely performance of Basic Services described under Section 2.2, and in accordance with the schedule set forth in Exhibit D, as incorporated in the Agreement, TFC shall pay PMF a stipulated Sum of Twenty-One Million Eight Hundred Sixty-Nine Thousand Nine Hundred Forty-One and 89/100 Dollars ($21,869,941.89), which may be further categorized on a Project basis. For PMF’s timely performance of Additional Services pursuant to this Amendment No. 6, and to the extent applicable in accordance with the schedule set forth in Exhibit D, TFC shall pay PMF a stipulated sum of Two Million Five Hundred Ninety- Six Thousand Eighty-Three and No/100 Dollars ($2,596,083.00), which amount includes a TFC Contingency of One Hundred Fifty Thousand and No/100 Dollars ($150,000.00), for a total amount of Twenty-Four Million Four Hundred Sixty-Six Thousand Twenty- Four and 89/100 Dollars ($24,466,024.89).
