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§ 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 Owner'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 or similar conceptual estimating techniques. If the Owner
<br />requests detailed cost estimating services, the Architect shall provide such services as an Additional Service under
<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 applicable construction market.
<br />§ 5.6 If the Owner's budget for the Cost of the Work at the conclusion of the Construction Documents Phase
<br />Services is exceeded by the lowest bona fide bid or negotiated proposal, the Owner shall
<br />.1 give written approval of an increase in the budget for the Cost of the Work;
<br />.2 authorize rebidding or renegotiating of the Project within a reasonable time;
<br />.3 terminate in accordance with Section 5.5 of AIA Document B 102-2007;
<br />,4 in consultation with the Architect, revise the Project program, scope, or quality as required to reduce
<br />the Cost of the Work; or
<br />.5 implement any other mutually acceptable alternative.
<br />§ 5.7 If the Owner chooses to proceed under ~ ~ h;~l
<br />~ - 7 f rl. !' .,~r...,..r: ~.., ileG r Dl, C rL. 1. .i r .i' t .i .i C ..r:.,., ~ ~ 1 Tt.e
<br />~v},•r ~ r~ "F' r' - f rl !` r r' Tl .,tom sta,p]]..)'a° r~_-'r f rM A l,'r r~ .,..., ~:L.:l:r., dnr_tly$
<br />,4rt~3:Article 5 6 1 5 the Architect will be compensated commensurate with the effort required and as mutually
<br />negotiated with Owner to perform any services desired by the Owner as defined in those articles.
<br />ARTICLE 6 COMPENSATION
<br />§ 6.1 For the Architect's Basic Services described under Article 2, the Owner shall compensate the Architect as
<br />follows:
<br />(Insert amount of, or basis for, compensation.)
<br />BASIC SERVICES /BASIC SERVICES CREDIT
<br />Compensation will be based on 8 75% of construction cost of the proiect as defined in Article 5 -Cost of the Work.
<br />For purposes of payment through the course of the proiect project budget will be established at $6,250,000
<br />This budget will remain through the course of the proiect until the proiect either competitively bids by the Owner's
<br />Construction Manager or the~roiect is abandoned The most current estimate of expected cost provided by either
<br />the Owner's Construction Manager or Architect shall prevail or govern.
<br />In either scenario the compensation will be adjusted up or down at the conclusion of Competitive Bidding of the
<br />proiect 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 Scope
<br />of Services which was considered as a separate agreement before services The credit will be prorated through out
<br />the value of the contract.
<br />Pio ress Payments for Basic Services in each Phase shall total $546 875 as per the following percentages:
<br />(Excludes Reimbursable Expenses)
<br />AIA Document 8201 T"" - 2007 (formerly 8141 TM -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. WARNING: This AIA° Uocumanl Is protected by U.S. Copyright ~ 1
<br />taw and Interna!(oroal Treaties. Unauthorized reproduction or distribution of this AIA° Document, or any portion of it, mey result in severe civil and
<br />criminal penalties, and will be prosecuted to the meximurn extant possiblo under the law. This document was produced by AIA software at 10:21:11 on
<br />06/11/2009 under Order No.1000356205_1 which expires on 7/25/2009, and is not for resale. (676254142)
<br />User Notes:
<br />F-1
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