|
1
<br />
<br />§ 5.3 In preparing estimates of the Cost of Work, the Architect shall be permitted to include contingencies for
<br />' design, bidding and price escalation; to determine what materials, equipment, component systems and types of
<br />construction are to be included in the Contract Documents; to make reasonable adjustments in the program and
<br />scope of the Project; and to include in the Contract Documents alternate bids as may be necessary to adjust the
<br />estimated Cost of the Work to meet the Ownet•'s budget for the Cost of the Work. The Architect's estimate of the
<br />' Cost of the Work shall be based on current area, volume ot• similar conceptual estimating techniques. If the Owner
<br />requests detailed cost estimating services, the Architect shall provide such services as an Additional Service ultdet•
<br />Article 3.
<br />§ 5.4 If the Bidding or Negotiation Phase has not commenced within 90 days after the Architect submits the
<br />Construction Documents to the Owner, through no fault of the Architect, the Owner's budget for the Cost of the
<br />Work shall be adjusted to reflect changes in the general level of prices in the ap_p~llicab,,le~,co~nstt•uctri~on tnatket.
<br />' At: t: TF ..• o .. •:.,~e eAn Arnt,:mnr+.- ~..•:..... r., ..F LL.e (`..~, ,.F eL.e \I/..viii-cni:@eainhC-VwHrt~rtatl~t-itl~ ~ti"mecv~i-viZii°v
<br />~ Ett f
<br />+ ~nn.,•e d0. et,n A«..t,:•e..• : ., 1.: ~.M ...t:. et.,. .,tn
<br />' § 5.6 If the Owner's budget for the Cost of the Work at the conclusion of the struction Documents Phase
<br />Services is exceeded by the lowest bona fide bid or negotiated proposal, t ner shall
<br />.1 give written approval of an increase in the budget for th a Work;
<br />' .2 authorize rebidding or renegotiating of the Project wi i a reaso a time;
<br />.3 terminate in accordance with Section 5.5 of AIA ent Bl02-
<br />.4 in consultation with the Architect, revise the Pr ' progr rn, scope, ality as required to reduce
<br />the Cost of the Work; or
<br />.5 implement any other mutually acceptable altern
<br />§ 5.7 If the Owner chooses to proceed under
<br />udget-fer-tll;~est~€ik~~ Wert-at-t~
<br />+ + ~6 , t• •r Wit, A t.•e •+ •t.~:e ~~
<br />~imirva-~mrraicrosccc Tie~Pi~i`~'v :7-'v'
<br />~~tisle S:Article 5.6.1-5 the Architect e c ensat commensurate with the effort to wired and as mutual!
<br />ne otiated with Owner to erform a rvices fired b Owner as defined in those at•ticles.
<br />ARTICLE 6 COMPENSATIO
<br />§ 6.1 For the Architect's c Servic scr under Article 2, the Owner shall compensate the Architect as
<br />follows:
<br />(Insert amount of, or bast compens n.)
<br />
<br />
<br />
<br />1
<br />
<br />
<br />
<br />Compensation will be based on 8.75010 of construction cost of the project as defined in Article 5 -Cost of the Work.
<br />For purposes of payment through the course of the project, project budget will be established at $6,250.000
<br />This budget will remain through the course of the project until the project either competitively bids by the Owner's
<br />Construction Manager or the project is abandoned. The most current estimate of expected cost provided by either
<br />the Owner's Construction Manager or Architect shall prevail or og vern.
<br />In either scenario, the compensation will be adjusted up or down at the conclusion of Competitive Bidding of the
<br />project as defined in Article 2.5.2
<br />Less $12,500 credit to be issued from the reusable portion of the work developed under the Master Planning Scoff
<br />of Services which was considered as a separate agreement before services. The credit will be prorated throe out
<br />the value of the contract.
<br />Progress Payments for Basic Services in each Phase shall total $546.875 as per the following percentages:
<br />(Excludes Reimbursable Expenses)
<br />AIA Document 8201 TM - 2007 (larmeriy 8141 Tit -1997 Part 2). Copyright ®1917, 1926, 1948, 1951, 1953, 1958, 1961, 1963, 1966, 1967, 1970, 1974,
<br />1977, 1987, 1997 and 2007 by The American Institute of Architects. All rights reserved. a ARNING: This AtA° Document is protected by U.S. Copyright 1 ~
<br />Lew and international Treaties. Unauthorized reproduction or distribution of this AIA Document, or any portion of it, may result In severe civli and
<br />criminal penalties, and will be prosecuted to the maximum extent possible under the law. This document was produced by AIA software at 14:22:19 on
<br />05/27/2009 under Order No.1000356205 1 which expires on 7!25/2009, and is not for resale. Attactlment number 4
<br />User Notes: (3914967289)
<br />F-1 Page 89 of 433
<br />
|