Common use of Earned Basic Fee Clause in Contracts

Earned Basic Fee. (a) The percentage of completion of each Basic Service shall be determined in accordance with Article 4. Upon request by the Owner, the Architect shall deliver copies of all documents either completed or in progress to the Owner so that this determination can be made. (b) The Cost of the Work as of the effective date of termination shall be determined as follows: .1 For any portion of the Project for which bids have not yet been received, the Cost of the Work shall be the lesser of the budgeted Cost of the Work and the Architect’s approved estimate of the Cost of the Work. .2 For any portion of the Project for which bids have been received, but no Construction Contract has been awarded, the Cost of the Work shall be the lowest responsible and responsive bid received, as may have been subsequently negotiated, and which is within the budgeted Cost of the Work or the Architect’s approved estimate of the Cost of the Work. Service C and D shall be deemed 100% complete for such portions of the Project. .3 For any portion of the Project for which a Construction Contract has been awarded, the Cost of the Work shall be the current Contract Sum of the Construction Contract.

Earned Basic Fee. (a) The percentage of completion of each Basic Service shall be determined in accordance with Article 4. Upon request by the Owner, the Architect shall deliver copies of all documents either completed or in progress to the Owner so that this determination can be made. (b) . The Cost of the Work as of the effective date of termination shall be determined as follows: .1 For any portion of the Project for which bids have not yet been received, the Cost of the Work shall be the lesser of the budgeted Cost of the Work and the Architect’s approved estimate of the Cost of the Work. .2 For any portion of the Project for which bids have been received, but no Construction Contract has been awarded, the Cost of the Work shall be the lowest responsible and responsive bid received, as may have been subsequently negotiated, and which is within the budgeted Cost of the Work or the Architect’s approved estimate of the Cost of the Work. Service C and D shall be deemed 100% complete for such portions of the Project. .3 For any portion of the Project for which a Construction Contract has been awarded, the Cost of the Work shall be the current Contract Sum of the Construction Contract.