INTERNATIONAL ARCHITECTS-ENGINEERS-PROJECT MANAGERS, INC.
000 Xxxxx Xxxxx
Xxxx Xxxxx, Xxxxx 00000
(000) 000-0000
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December 8, 1997
The purpose of this document is to record the agreement between the undersigned
parties. It concerns program/construction management services to be rendered by
International Architects-Engineers-Project Managers, Inc. (AEPM) to and on
behalf of Xxxx International Ltd. (XXXX), and any other company or corporation
related to XXXX on a subsidiary or contractual basis.
SCOPE: AEPM exclusively will provide professional program/construction
management services for all construction activities of XXXX in the Republic of
the Philippines.
TERMS: The initial term of this agreement is five (5) years, commencing on the
date shown above. This agreement will be extended automatically for an
additional term of five (5) years unless notice to terminate is provided by
either party to the other at least ninety (90) calendar days prior to the end of
the initial term.
COMPENSATION FOR SERVICES: XXXX shall pay AEPM in current funds for all services
rendered as follows:
1. For Development, Pre-Design and Additional Administrative Support
Services Not Rendered for Specific Projects--The monthly billing
shall be calculated by multiplying three (3.0) by AEPM's total
direct labor hours worked and then by AEPM "s standard hourly
rates, and then adding that product to the actual cost of all
other expenses incurred in the execution of the work of this
agreement. An initial payment of ninety-five thousand dollars
($95,000) for program mobilization and related expenses shall be
made to AEPM upon the opening of XXXX'x office in the Republic of
the Philippines, and credited to XXXX'x account against the final
monthly billing due on the program.
2. For All Services Rendered for Specific Projects--XXXX and AEPM
shall execute a separate agreement for each specific project. The
monthly billing shall be calculated by adding all direct project
costs incurred by AEPM during the month of the billing to a fee
of four percent (4%) of the total of the invoices approved by
AEPM for payment by XXXX for construction work on the specific
project during the month covered by that billing. An initial
payment for project mobilization and related expenses shall be
made to AEPM upon execution of the separate, project-specific
agreement, and credited to XXXX'x account against the final
monthly billing due on the project.
PAYMENT: AEPM shall submit each monthly billing to XXXX on or about the fifth
(5th) day of the month following the month for which the billing is rendered.
XXXX shall pay AEPM at AEPM's United States office in United States dollars
(US$) the amount of each monthly billing or initial payment invoice within
fifteen (15) calendar days after its submission to XXXX by AEPM.
Although XXXX and AEPM intend to execute standard industry forms of agreement
concerning the above program/construction management and project services, such
additional agreements will in no way supersede this agreement, which will
continue in full force and effect throughout the above term.
Xxxxxxx X. Xxxxxxxx Xxxxxx Xxxx
President Chairman & CEO
AEPM XXXX
Dated : December 1, 1998
Parties: XXXX INTERNATIONAL LTD. and AEPM Inc.
Amendment to Agreement between the parties dated December 8, 1997
re: Philippines National Shelter Program.
Agreement is changed to provide for payment as follows: All xxxxxxxx for
costs and expenses incurred prior to fulll funding of this project are due
and payable within 10 days of receipt of bond funding by the SPDA/Warisan JV
or Xxxx. All other terms and conditions remain the same.
Xxxx International LTD
/s/ Xxxxxx Xxxx
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Xxxxxx Xxxx, Chairman and CEO
AEPM Inc.
/s/ Xxxxxxx X Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx, President
