Common use of PAYMENTS FOR BASIC FEE Clause in Contracts

PAYMENTS FOR BASIC FEE. 7.1.1 Payments to the Commissioning Authority Professional on account of his basic fee under Article 6 shall be made as indicated in the following paragraphs. 7.1.2 Upon completion of the Schematic Design Phase and written approval of the Owner, a sum equal to five percent (5%) of the basic fee computed upon the approved estimate of construction cost shall be due. 7.1.3 Upon completion of the Design Development Phase and written approval of the Owner, a sum equal to fifteen percent (15%) of the basic fee, less any previous payments, computed upon the approved estimate of construction cost shall be due. 7.1.4 Upon completion of the Construction Document Phase and written approval of the Owner, a sum equal to thirty-five percent (35%) of the basic fee, less any previous payments, computed upon the approved estimate of construction cost shall be due. 7.1.5 Upon award of the Contract for Construction and written approval of the Owner, a sum equal to thirty-five percent (35%), less any previous payments, computed upon the actual awarded construction amount shall be due. 7.1.6 Payment of fees to the Commissioning Authority Professional during the Construction Phase shall be made monthly in proportion to the current percentage requested by the Contractor and approved by the Owner. 7.1.7 Fifteen percent (15%) of the Professional’s total fee shall be retained throughout the Project. When the Owner has received the Final Systems Manual as defined in Subparagraph 2.7.9, then the fifteen percent (15%) retainage will be released, minus any offsets. 7.1.8 The Owner reserves the right to determine when and who provides the Professional service items needed for this Project. Any pay request submitted by the Commissioning Authority Professional which contains service items not authorized by the Owner to be performed by the Commissioning Authority Professional may be disapproved in part, or total.

PAYMENTS FOR BASIC FEE. 7.1.1 Payments to the Commissioning Authority Professional on account of his basic fee under Article 6 shall be made as indicated in the following paragraphs. 7.1.2 Upon completion of the Schematic Design Phase and written approval of the Owner, a sum equal to five percent (5%) of the basic fee computed upon the approved estimate of construction cost shall be due. 7.1.3 Upon completion of the Design Development Phase and written approval of the Owner, a sum equal to fifteen percent (15%) of the basic fee, less any previous payments, computed upon the approved estimate of construction cost shall be due. 7.1.4 Upon completion of the Construction Document Phase and written approval of the Owner, a sum equal to thirty-five percent (35%) of the basic fee, less any previous payments, computed upon the approved estimate of construction cost shall be due. 7.1.5 Upon award of the Contract for Construction and written approval of the Owner, a sum equal to thirty-five percent (35%), less any previous payments, computed upon the actual awarded construction amount shall be due. 7.1.6 Payment of fees to the Commissioning Authority Professional during the Construction Phase shall be made monthly in proportion to the current percentage requested by the Contractor and approved by the Owner. 7.1.7 Fifteen percent (15%) of the Commissioning Authority Professional’s total fee shall be retained throughout the Project. When the Owner has received the Final Systems Manual as defined in Subparagraph 2.7.9, then the fifteen percent (15%) retainage will be released, minus any offsets. 7.1.8 The Owner reserves the right to determine when and who provides the Commissioning Authority Professional service items needed for this Project. Any pay request submitted by the Commissioning Authority Professional which contains service items not authorized by the Owner to be performed by the Commissioning Authority Professional may be disapproved in part, or total.

PAYMENTS FOR BASIC FEE. 7.1.1 Payments to the Commissioning Authority Professional on account of his basic fee under Article 6 shall be made as indicated in the following paragraphs. 7.1.2 Upon completion of the Schematic Design Phase and written approval of the Owner, a sum equal to five percent (5%) of the basic fee computed upon the approved estimate of construction cost shall be due. 7.1.3 Upon completion of the Design Development Phase and written approval of the Owner, a sum equal to fifteen percent (15%) of the basic fee, less any previous payments, computed upon the approved estimate of construction cost shall be due. 7.1.4 Upon completion of the Construction Document Phase and written approval of the Owner, a sum equal to thirty-five percent (35%) of the basic fee, less any previous payments, computed upon the approved estimate of construction cost shall be due. 7.1.5 Upon award of the Contract for Construction and written approval of the Owner, a sum equal to thirty-five percent (35%), less any previous payments, computed upon the actual awarded construction amount shall be due. 7.1.6 Payment of fees to the Commissioning Authority Professional during the Construction Phase shall be made monthly in proportion to the current percentage requested by the Contractor and approved by the Owner. 7.1.7 7.1.6 Fifteen percent (15%) of the Professional’s total fee shall be retained throughout the Project. When the Owner has received the Final Systems Manual as defined in Subparagraph 2.7.9, then the fifteen percent (15%) retainage will be released, minus any offsets. 7.1.8 7.1.7 The Owner reserves the right to determine when and who provides the Professional service items needed for this Project. Any pay request submitted by the Commissioning Authority Professional which contains service items not authorized by the Owner to be performed by the Commissioning Authority Professional may be disapproved in part, or total.