Common use of COMPENSATION AND COSTS Clause in Contracts

COMPENSATION AND COSTS. A. The Professional’s compensation for Basic Services as defined in Exhibit B (which is attached hereto and incorporated by reference herein), shall consist of the following negotiated amounts, hereinafter called “Basic Services Compensation”: Schedule of Payments Dollar Amount Programming $ Schematic $ Design Development $ Interim Construction Documents $ Construction Documents $ Procurement Services $ Construction Contract Administration $ Final Payment $ TOTAL Basic Services Compensation $ This Basic Services Compensation is based on the Negotiated Project Scope and the Base Construction Amount of $ , as agreed to by the Professional and the Department. The Basic Services Compensation amount is payable, as set forth in Paragraph 4.1.100 of the General Conditions, unless there is a Special Condition governing payment outlined in Exhibit K, attached hereto and incorporated by reference herein. The Professional’s compensation for Basic Services may be adjusted in extreme circumstances due to major adjustments to the scope of work during the Design Stages. The Professional’s Basic Services Compensation will not be adjusted based upon construction contract award amounts.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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