ADJUSTMENT FOR MAJOR CHANGES IN SERVICES Sample Clauses

ADJUSTMENT FOR MAJOR CHANGES IN SERVICES. If changes in the Work or Project budget during design or construction result in major changes in the Basic Services and warrant an increase or decrease in the Basic Fee, the adjustment must be agreed upon in an amendment to the Agreement. Changes in the Work or Project budget that may result in "Major Changes in Services" include, but are not limited to, changes in Project size, complexity, usage, arrangement, schedule, delivery, or phasing of the Work and may or may not result in a major, or significant, change in the Cost of the Work. A Major Change in Services may warrant adjustment of the Basic Fee if the change in the Work or Project budget is requested by the Owner and requires additional design, administrative, consultant, or other services not contemplated in the Agreement.
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ADJUSTMENT FOR MAJOR CHANGES IN SERVICES. If changes in the Work or Project budget during design or construction result in major changes in the Basic Services and warrant an increase or decrease in the Basic Fee, the adjustment must be agreed upon in an amendment to the Agreement. Changes in the Work or Project budget that may result in "Major Changes in Services" include, but are not limited to, changes in Project size, complexity, usage, arrangement, schedule, delivery, or phasing of the Work and may or may not result in a major, or significant, change in the Cost of the Work. A Major Change in Services may warrant adjustment of the Basic Fee if the change in the Work or Project budget is requested by the Owner and requires additional design, administrative, consultant, or other services not contemplated in the Agreement. Payments to the Architect of the Basic Fee shall be allocated for the Basic Services as follows: For Service A - Schematic Design Phase Ten percent (10%) For Service B - Preliminary Design Phase Fifteen percent (15%) For Service C - Final Design Phase Fifty percent (50%) For Service D - Construction Contract Procurement Five percent (5%) For Service E - Construction Contract Administration Twenty percent (20%). BID ALTERNATE DESIGN FEE (Not applicable to a Fixed Fee.) Unless otherwise provided in the Special Provisions of the Agreement, the Architect shall be paid a Bid Alternate Design Fee for unaccepted additive Bid Alternates or accepted deductive Bid Alternates included in the Bid Documents at the Owner’s request. The Bid Alternate Design Fee covers Services A, B, C, and D rendered relative to Owner-requested additive or deductive Bid Alternates and, therefore, shall be equal to 80 percent of the Basic Fee Rate applied to the lowest responsible and responsive bid received for each unaccepted additive or accepted deductive Bid Alternate. Per Act 2013-205 as codified in Title 40, Chapter 9, Article 14.1, Section (h) of the Code of Alabama, 1975, as amended: “The intent of this section is to lower the administrative cost for the governmental entity, contractor, and subcontractor for public works projects. It is not the intent of this section to change the basis for determining professional services from fair market value, which may include sales and use taxes.” If the Basic Fee is determined by a Basic Fee Rate, unless otherwise provided in the Special Provisions of the Agreement, the Architect shall be paid a Basic Fee to be based on a Cost of Work to include Sales Tax Saving...
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Related to ADJUSTMENT FOR MAJOR CHANGES IN SERVICES

  • Termination for Changes in Budget or Law The JBE’s payment obligations under this Agreement are subject to annual appropriation and the availability of funds. Expected or actual funding may be withdrawn, reduced, or limited prior to the expiration or other termination of this Agreement. Funding beyond the current appropriation year is conditioned upon appropriation of sufficient funds to support the activities described in this Agreement. The JBE may terminate this Agreement or limit Contractor’s Services (and reduce proportionately Contractor’s fees) upon Notice to Contractor without prejudice to any right or remedy of the JBE if: (i) expected or actual funding to compensate Contractor is withdrawn, reduced or limited; or (ii) the JBE determines that Contractor’s performance under this Agreement has become infeasible due to changes in applicable laws.

  • Adjustment for Certain Events The number and kind of securities purchasable upon the exercise of this Warrant and the Warrant Price shall be subject to adjustment from time to time upon the occurrence of certain events, as follows:

  • Adjustment for Change in Capital Stock If the Company: (1) pays a dividend or makes a distribution on its Common Stock in shares of its Common Stock; (2) subdivides its outstanding shares of Common Stock into a greater number of shares; (3) combines its outstanding shares of Common Stock into a smaller number of shares; (4) makes a distribution on its Common Stock in shares of its capital stock other than Common Stock; or (5) issues by reclassification of its Common Stock any shares of its capital stock; then the Exercise Price in effect immediately prior to such action and the number and kind of shares into which a Warrant is exercisable shall all be adjusted appropriately so that the holder of any Warrant thereafter exercised may receive the aggregate number and kind of shares of capital stock of the Company which he would have owned immediately following such action if such Warrant had been exercised immediately prior to such action. The adjustment shall become effective immediately after the record date in the case of a dividend or distribution and immediately after the effective date in the case of a subdivision, combination or reclassification. If after an adjustment a holder of a Warrant upon exercise of it may receive shares of two or more classes of capital stock of the Company, the Board of Directors of the Company shall determine the allocation of the adjusted Exercise Price between the classes of capital stock. After such allocation, the exercise privilege and the Exercise Price of each class of capital stock shall thereafter be subject to adjustment on terms comparable to those applicable to Common Stock in this Section. Such adjustment shall be made successively whenever any event listed above shall occur.

  • Adjustment for Reclassification, Exchange and Substitution If at any time or from time to time after the Original Issue Date while this Warrant remains outstanding, the Common Stock is changed into the same or a different number of shares of any class or classes of stock, whether by recapitalization, reclassification or otherwise (other than an Acquisition, Asset Transfer, subdivision or combination of shares, stock dividend, reorganization, merger, consolidation, or sale of assets provided for elsewhere in this Section 3.1(a)), in any such event the Registered Holder shall have the right thereafter to convert such stock into the kind and amount of stock and other securities and property receivable upon such recapitalization, reclassification or other change by holders of the maximum number of shares of Common Stock into which such shares of Common Stock could have been converted immediately prior to such recapitalization, reclassification or change, all subject to further adjustment as provided herein or with respect to such other securities or property by the terms thereof.

  • Payment for Change of Scope Payment for Change of Scope shall be made in accordance with the payment schedule specified in the Change of Scope Order.