RES 83386 - Laserfiche WebLink

ARTI CLF 9 BASIS OF COMPENSATION The Owner shall compensate the Architect for the Services provided, in accordance with Article 4, Payments to the Architect, and the other Terms and Conditions of this Agreement, as follows: 9.1 AN INITIAL PAYMENT OF 1',10 doilars ($ -0- ]~ shall be made upon execution of this Agreement and credited to the Owner's account as follows: 9.2 9.2.1 BASIC COMPENSATION FOR BASIC SERVICES, as described in Paragraphs 1.1 through 1.4 or identified as such in Article 10, Basic Com- pensation shall be computed as follows: 9.2.2 Where compensation is based on a Stipulated Sum or Percentage of Construction Cost, pay~qents for Basic Ser- Vices shall be mad~ as provided in Subparagraph 4.2 so that Basic Compensation for each Phase shall equal the following percentages of the total Compensation payable: finelude any additional phases a~ appropriale.) Design Phase: Construction Documents Phase: Bidding or Negotiation Phase: Construction Phase: thirty-five percent.(35%) forty-five percent (45%) five percent (50/0) fifteen percent (15°/o) 9.3 FOR ADDITIONAL SERVICES provided under Paragraph 1.5 or identified as such in Article 10, compensation shall be computed as follows: (Here insert basis of compensation, includ&nR rates and/or multiples ot Direct Personnel Expense for Principals, consuJtanL~ and employees. Ide~- lily specific types of consultants in Article 10, if required.) ~'.~_ci~:~].: St0.00 pe~ horn:; D~'loyees: 'c_h~ee (3) t~nes dSzect salary 9.4 Payments due the Architect and unpaid under this Agreement shall bear interest from the date payment is due at the rate entered beloW, or in the absence thereof, at the legal rate prevailing at the principal place of busi- ness of the Architect. (Here insert any rate of interest agreed upon.) 9.5 9.5.1 9.5.2 (Usury laws and requirements under the Federal Truth in Lending Act, similar state and local corsumer credit laws and other ~egulations at The Owner and the Architect agree in accordance with the Terms and Conditions of this Agreement that: IF THE SCOPE of the Project or of the Architect's Services is changed materially, the amounts of compensation shall be equitably adjusted. IF THE SERVICES covered by this Agreement have not been completed within twelve (12) months of the date hereof, through no fault of the Architect, the amounts of compensation, rates and multiples set forth herein shall be equitably adjusted. AIA DOCUMENT B151 · ABBREVIATED OWNER-ARCHITECT AGREEMENT · JUNE 1978 EDITION · AIA® N 1978 · THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE, N.W., WASHINGTO, . D.C. 20006 !1151-197B 6