Common use of Basic Lump Sum Fee Clause in Contracts

Basic Lump Sum Fee. The Owner agrees to pay the Design Professional for services rendered under this Agreement the “Basic Lump Sum Fee” identified on the Schedule of Project Details. The Basic Lump Sum Fee shall fully compensate the Design Professional for all Basic Services required by this Agreement to the full extent of the scope of the Project that is reflected within the Construction Costs stated in Section 1.2 of this Agreement regardless of what the Construction Costs may turn out to be. Additional terms and conditions are as follows: 4.1.1 Progress payments to all of the Design Professional’s Sub-consultants must be made in a reasonable amount of time after the Design Professional receives payment from the Owner. 4.1.2 If the scope of the Project increases or decreases by a significant amount during the development of its design, a contract modification may be made through mutual agreement in writing, signed by both parties and recalculating the basic lump sum fee, if appropriate. 4.1.3 All addenda, bulletins, construction change directives, and change orders resulting from inaccuracy, conflict, inconsistency or inadequacy of the Construction Documents prepared by the Design Professional shall be considered Basic Services and are included in the Basic Lump Sum Fee, except as provided in Article 6. 4.1.4 If, during the course of the construction, the Owner requests a change from the original scope of the Project, compensation will be based on provisions outlined in Section 6.2 of this Agreement. 4.1.5 If the Owner requests the Design Professional to perform architectural services for any part of the Project which is not built or if the Project is discontinued at any point, the Design Professional shall be paid for its work up to the point of its suspension based upon the percentage of work completed at the time of suspension. At any time and for any reason, the Owner reserves the right to discontinue the design work on the Project or delete portions of the professional services, in which case the Design Professional shall be paid as required by this Agreement for the work performed to the date of such cancellation or deletion. 4.1.6 Payments to the Design Professional shall be made within thirty (30) days following the Design Professional’s request for payment. Requests for payment shall be proportioned for each phase of service in accordance with the schedule therefor set forth on the Schedule of Project Details. 4.1.7 The Design Professional may issue monthly requests for partial payment for each phase in proportion to the work completed for that particular phase.

Basic Lump Sum Fee. ‌ The Owner agrees to pay the Design Professional for services rendered under this Agreement the “Basic Lump Sum Fee” identified on the Schedule of Project Details. The Basic Lump Sum Fee shall fully compensate the Design Professional for all Basic Services required by this Agreement to the full extent of the scope of the Project that is reflected within the Construction Costs stated in Section 1.2 of this Agreement regardless of what the Construction Costs may turn out to be. Additional terms and conditions are as follows: 4.1.1 Progress payments to all of the Design Professional’s Sub-consultants must be made in a reasonable amount of time after the Design Professional receives payment from the Owner. 4.1.2 If the scope of the Project increases or decreases by a significant amount during the development of its design, a contract modification may be made through mutual agreement in writing, signed by both parties and recalculating the basic lump sum fee, if appropriate. 4.1.3 All addenda, bulletins, construction change directives, and change orders resulting from inaccuracy, conflict, inconsistency or inadequacy of the Construction Documents prepared by the Design Professional shall be considered Basic Services and are included in the Basic Lump Sum Fee, except as provided in Article 6. 4.1.4 If, during the course of the construction, the Owner requests a change from the original scope of the Project, compensation will be based on provisions outlined in Section 6.2 of this Agreement. 4.1.5 If the Owner requests the Design Professional to perform architectural services for any part of the Project which is not built or if the Project is discontinued at any point, the Design Professional shall be paid for its work up to the point of its suspension based upon the percentage of work completed at the time of suspension. At any time and for any reason, the Owner reserves the right to discontinue the design work on the Project or delete portions of the professional services, in which case the Design Professional shall be paid as required by this Agreement for the work performed to the date of such cancellation or deletion. 4.1.6 Payments to the Design Professional shall be made within thirty (30) days following the Design Professional’s request for payment. Requests for payment shall be proportioned for each phase of service in accordance with the schedule therefor set forth on the Schedule of Project Details. 4.1.7 The Design Professional may issue monthly requests for partial payment for each phase in proportion to the work completed for that particular phase.