Common use of COMPENSATION AND PAYMENTS Clause in Contracts

COMPENSATION AND PAYMENTS. The Consultant's Compensation shall not exceed $0.00 and shall be computed as the sum of Basic Services, Additional Services and Reimbursable Expenses, as shown below. Basic Services Fee (sum of items below) () $0.00 .1 Schematic Design Documents 15% = $0.00 .2 Design Development Documents 20% = $0.00 .3 Construction Documents 35% = $0.00 .4 Construction Procurement 5% = $0.00 .5 Construction Contract Administration 25% = $0.00 The Basic Services Fee for this Project is based on a negotiated fee rate of 5.00% of the estimated Cost of the Work (or a negotiated Stipulated Sum equivalent to that rate), and includes the design of Alternate Bid items. When procurement is by the Professional Services Prequalification List, all fees shall total not more than $25,000 for the entire project, with a majority of the fee amount allocated to the prime Consultant.

COMPENSATION AND PAYMENTS. The Consultant's Compensation shall not exceed $0.00 and shall be computed as the sum of Basic Services, Additional Services and Reimbursable Expenses, as shown below. Basic Services Fee (sum of items below) () $0.00 .1 Schematic Design Documents 15% = $0.00 .2 Design Development Documents 20% = $0.00 .3 Construction Documents 35% = $0.00 .4 Construction Procurement 5% = $0.00 .5 Construction Contract Administration 25% = $0.00 The Basic Services Fee for this Project is based on a negotiated fee rate of 5.00% of the estimated Cost of the Work (or a negotiated Stipulated Sum equivalent to that rate), and includes the design of Alternate Bid items. When procurement is by the Professional Services Prequalification List, all fees shall total not more than $25,000 for the entire project, with a majority of the fee amount allocated to the prime Consultant.. Additional Services Fee (sum of items below) () $0.00