Common use of COMPENSATION TO DESIGN PROFESSIONAL Clause in Contracts

COMPENSATION TO DESIGN PROFESSIONAL. 2.1. For the BASIC SERVICES provided for in this Agreement, OWNER agrees to pay and make monthly payments to DESIGN PROFESSIONAL in accordance with the terms as stated in the table below. Payments should be made in accordance with the following Schedule; however, in addition to any other right under this Agreement, in the event design phase approvals are made by OWNER containing mandatories, provisos, or similar conditions, ten percent (10%) of DESIGN PROFESSIONAL’s document approval payment will be withheld by OWNER until such mandatories, provisos, or similar conditional remarks have been satisfactorily resolved with OWNER by DESIGN PROFESSIONAL. [THIS SECTION INTENTIONALLY LEFT BLANK.] Item LUMP SUM FEE FOR: ORIGINAL FEE PAYMENT SCHEDULE 1 Program / Scope Verification Xxxxx Xxxx Xxxxxxxxxx xx Xxxxx 0 Xxxxx I – Schematic Design Upon Approval of Documents 3 Phase II –Design Development Upon Approval of Documents 4 Phase III – Construction Document Upon Approval of Documents 5 Building Permitting Upon Issuance of Building Permit 6 Bidding Upon Approval of Construction Notice to Proceed 7 Construction Phase Monthly increments in proportion to payments made to Contractor.

Appears in 2 contracts

Samples: Design Professional Services Agreement, Design Professional Services Agreement

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COMPENSATION TO DESIGN PROFESSIONAL. 2.1. For the BASIC SERVICES provided for in this Agreement, OWNER agrees to pay and make monthly payments to DESIGN PROFESSIONAL in accordance with the terms as stated in the table below. Payments should be made in accordance with the following Schedule; however, in addition to any other right under this Agreement, in the event design phase approvals are made by OWNER containing mandatories, provisos, or similar conditions, ten percent (10%) of DESIGN PROFESSIONAL’s document approval payment will be withheld by OWNER until such mandatories, provisos, or similar conditional remarks have been satisfactorily resolved with OWNER by DESIGN PROFESSIONAL. [THIS SECTION INTENTIONALLY LEFT BLANK.] . Item LUMP SUM FEE FOR: ORIGINAL FEE PAYMENT SCHEDULE 1 Program / Scope Verification Xxxxx Xxxx Xxxxxxxxxx xx Xxxxx 0 Xxxxx I – Schematic Design Upon Approval of Documents 3 Phase II –Design Development Upon Approval of Documents 4 Phase III – Construction Document Upon Approval of Documents 5 Building Permitting Upon Issuance of Building Permit 6 Bidding Upon Approval of Construction Notice to Proceed 7 Construction Phase Monthly increments in proportion to payments made to Contractor.

Appears in 1 contract

Samples: Design Professional Services Agreement

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COMPENSATION TO DESIGN PROFESSIONAL. 2.1. For the BASIC SERVICES provided for in this Agreement, OWNER agrees to pay and make monthly payments to DESIGN PROFESSIONAL in accordance with the terms as stated in the table below. Payments should be made in accordance with the following Schedule; however, in addition to any other right under this Agreement, in the event design phase approvals are made by OWNER containing mandatories, provisos, or similar conditions, ten percent (10%) of DESIGN PROFESSIONAL’s document approval payment will be withheld by OWNER until such mandatories, provisos, or similar conditional remarks have been satisfactorily resolved with OWNER by DESIGN PROFESSIONAL. [THIS SECTION INTENTIONALLY LEFT BLANK.] Item LUMP SUM FEE FOR: ORIGINAL FEE PAYMENT SCHEDULE 1 Program / Scope Verification Xxxxx Xxxx Xxxxxxxxxx xx Xxxxx 0 Xxxxx Phase Upon Completion of Phase 2 Phase I – Schematic Design Upon Approval of Documents 3 Phase II –Design Development Upon Approval of Documents 4 Phase III – Construction Document Upon Approval of Documents 5 Building Permitting Upon Issuance of Building Permit 6 Bidding Upon Approval of Construction Notice to Proceed 7 Construction Phase Monthly increments in proportion to payments made to Contractor.

Appears in 1 contract

Samples: Design Professional Services Agreement

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