Payment for Basic Services. 1 Payments for Basic Services may be requested monthly in proportion to services performed during each Phase of the Work and provision of all required insurance policies is a condition precedent to becoming due any such payments to the Project Consultant. Said payments shall, in the aggregate, not exceed the percentage of the estimated total Basic Compensation, or 90% for Phases I, II, or II prior to approval of the submitted design documents, indicated below for each Phase Respectively: .2 (11.74%), (11.87%), (12.98%) and (11.37%) percent of the total fee upon completion and approval of Phase I: Project Validation. .3 (11.20%), (12.68%), (14.37%) and (10.93%) percent of the total fee upon completion and approval of Phase I: Schematic Design Submittal. .4 (13.74%), (14.92%), (15.29%) and (18.33%) percent of the total fee upon completion and approval of Phase II: Design Development Submittal .5 (17.57%), (17.13%), (16.71%) and (19.49%) percent of the total fee upon submittal and approval of Phase III: 50% Submittal. .6 (17.53%), (16.90%) , (15.93%)and (16.47%) percent of the total fee upon completion and approval of Phase III: 90% Submittal. .7 (13.23%), (13.24%), (12.13%) and (12.17%) percent of the total fee upon completion and approval of Phase III: 100% Submittal. .8 (3.76%), (1.89%), (1.92%) and (1.89%) percent of the total fee upon 100% completion of Phase IV. .9 (9.34%), (9.40%), (8.72%) and (7.98%) percent of the total fee upon completion of Phase V .10 (1.89%), (1.97%), (1.95%) and (1.37%) percent of the total fee upon completion of Phase VI (Warranty) and approval of all Work and audit of account, as per Article 5.
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Sources: Professional Services
Payment for Basic Services. 1 6.1.1 Payments for Basic Services may be requested monthly in proportion to services performed during each Phase of the Work and provision of all required insurance policies is a condition precedent to becoming due any such payments to the Project Consultant. Said payments shall, in the aggregate, not exceed the percentage of the estimated total Basic Compensation, or 90% for Phases I, II, or II prior to approval of the submitted design documents, indicated below for each Phase Respectively: .2 .1 (11.749.94%), (11.8710.94%), (12.9810.49%) and (11.378.21%) percent of the total fee upon completion and approval of Phase I: Project Validation. .3 .2 (11.2010.08%), (12.6810.61%), (14.3710.88%) and (10.939.84%) percent of the total fee upon completion and approval of Phase I: Schematic Design Submittal. .4 .3 (13.7413.23%), (14.9211.68%), (15.2911.74%) and (18.3314.23%) percent of the total fee upon completion and approval of Phase II: Design Development Submittal .5 .4 (17.5714.46%), (17.1312.28%), (16.7111.97%) and (19.4914.99%) percent of the total fee upon submittal and approval of Phase III: 50% Submittal. .6 .5 (17.5311.98%), (16.9011.88%), (10.42%) , and (15.93%)and (16.4711.38%) percent of the total fee upon completion and approval of Phase III: 90% Submittal. .7 .6 (13.236.34%), (13.245.57%), (12.135.27%) and (12.177.26%) percent of the total fee upon completion and approval of Phase III: 100% Submittal. .8 .7 (3.763.54%), (1.894.46%), (1.923.98%) and (1.894.19%) percent of the total fee upon 100% completion of Phase IV. .9 .8 (9.3428.62%), (9.4030.89%), (8.7233.71%) and (7.9828.11%) percent of the total fee upon completion of Phase V .10 .9 (1.891.81%), (1.971.69%), (1.951.54%) and (1.371.79%) percent of the total fee upon completion of Phase VI (Warranty) and approval of all Work and audit of account, as per Article 5.
6.1.2 Partial payments may be made in Phase V (but not in excess of ninety (90%) percent of the aggregate of Phase V) in monthly increments which are proportioned to match the Work's percentage complete reflected by the Contractor’s monthly Applications for Payment. If the Owner's required Substantial Completion date for Phase V is extended through no fault of the Project Consultant, the Project Consultant shall be reasonably compensated for any required professional services and/or expenses not otherwise compensated for in connection with such time extension(s), in accordance with Article 6.
Appears in 1 contract
Sources: Professional Services Agreement