PSA - Four WInds Field Renovation & Expansion CMc - Larson Danielson Construction Co

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ARTICLE 5 COMPENSATION AND PAYMENTS FOR PRECONSTRUCTION PHASE SERVICES § 5.1 Compensation § 5.1.1 For the Construction Manager's Preconstruction Prase services described in Sections 3.1 and 3.2, the Owner shall compensate the Construction Manager as follows: (Insert amount of, or basis far, compensation and include a list of reimbursable cost items, as applicable.) The total lump sum amount of Seventy -Six Thousand Five Hundred Dollars ($76,500) § 5.1.2 The hourly bil ling rates for Preconstruction Phase services of the Construction Manager and the Construction Manager's Consultants and Subcontractors, if any, are set forth below. (Ifapplicable, attach an exhibit of hourly billing rates or insert them below.) Not Applicable Individual or Position Rate § 5.1.2.1 Hourly billing rates far Preconstruction Phase services include all costs to be paid or incurred by the Construction Manager, as required by law or collective bargaining agreements, for taxes, insurance, contributions, assessments and benefits and, for personnel not covered by collective bargaining agreements, customary benefits such as sick leave, medical and health benefits, holidays, vacations and pensions, and shall remain unchanged unless the parties execute a Modification. § 5.1.3 If the Preconstruction Phase services covered by this Agreement have not been completed within twelve (12) months of the date of this Agreement, through no fault of the Construction Manager, the Construction Manager's compensation for Preconstruction Phase services shall be equitably adjusted. § 5.2 Payments § 5.2.1 Unless otherwise agreed, payments for services shall be made monthly in proportion to services performed. § 5.2.2 Payments are due and payable upon presentation of the Construction Manager's invoice. Amounts unpaid thirty (30 ) days after the invoice date shall bear interest at the rate entered below, or in the absence thereof at the legal rate prevailing from time to time at the principal place of business of the Construction Manager. (Insert rate oj'monthly or annual interest agreed upon.) There will be no interest on late payments. ARTICLE 6 COMPENSATION FOR CONSTRUCTION PHASE SERVICES § 6.1 Contract Sum § 6.1.1 The Owner shall pay the Construction Manager the Contract Sum in current funds for the Construction Manager's performance of the Contract after execution of the Guaranteed Maximum Price Amendment. The Contract Sum is the Cost of the Work as defined in Article 7 plus the Construction Manager's Fee. § 6.1.2 The Construction Manager's Fee: (State a lump sum, percentage of Cost of the Work or other provision for determining the Construction Manager's Fee.) Three and four tenths of a percent (3.4%) of the Cost of the Work as defined in Article 7. § 6.1.3 The method of adjustment of the Construction Manager's Fee for changes in the Work: Three and four tenths of a percent (3.4%) of the Cost of the Work of the change as defined in Article 7. § 6.1.4 Limitations, if any, on a Subcontractor's or the Construction Manager's self -performed work overhead and profit for increases in the cost of its portion of the Work: 1 For each subcontractor, sub -subcontractor, or the Construction Manager's self -performed work, for work performed by its own force, ten percent ( 10%) of that cost. .2 For each subcontractor, or the Construction's Manager's self -performed work, for Work performed by its subcontractors or sub -subcontractors, five percent (5%) of that cost. Init. AIA Document A133 — 2019. Copyright ® 1991, 2003, 2009, and 2019. All rights reserved. "The American Institute of Architects," "American Institute of Architects," "AIA," the AIA Logo, and "AIA Contract Documents" are trademarks of The American Institute of Architects. This document was produced at 16-00-21 ET on 7 f MOM under Order No_2114477497 which expires on 1011012024, is not for resale, is licensed for one-time use only, and may only he used in accordance with t the AIA Contract Documents® Terms of Service. To report copyright violations, a -mail docinfo@aiacontracts.corn User Notes: (1447978347)