Finance Committee - Agenda - 1/16/2019 - P74
11 Registration fees and any other fees charged by the Certifying Authority or by other entities as
necessary to achieve the Sustainable Objective; and,
12. Other similar Project-related expenditures.
§ 11.8.2 For Reimbursable Expenses the compensation shall be the expenses incurred by the Architect and the
Architect’s consultants plus « » percent ( « » %) of the expenses incurred.
§ 11.9 Architect's Insurance. If the types and limits of coverage required in Section 2.5 are in addition to the types
and limits the Architect normally maintains, the Owner shall pay the Architect for the additional costs incurred by
the Architect for the additional coverages as set forth below:
(Insert the additional coverages the Architect is required to obtain in order to satisfy the requirements set forth in
Section 2.5, and for which the Owner shall reimburse the Architect.)
x»
§ 11.10 Payments to the Architect
§ 11.10.1 Initial Payments :
§ 11.10.1.1 An initial payment of « » ($ « ») shall be made upon execution of this Agreement and is the minimum
payment under this Agreement. It shall be credited to the Owner’s account in the final invoice.
§ 11.10.1.2 If a Sustainability Certification is part of the Sustainable Objective, an initial payment to the Architect of
« »($ « ») shall be made upon execution of this Agreement for registration fees and other fees payable to the
Certifying Authority and necessary to achieve the Sustainability Certification. The Architect’s payments to the
Certifying Authority shall be credited to the Owner’s account at the time the expense is incurred.
§ 11.10.2 Progress Payments
§ 11.10.2.1 Unless otherwise agreed, payments for services shall be made monthly in proportion to services
performed. Payments are due and payable upon presentation of the Architect’s invoice. Amounts unpaid « »(« » )
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 Architect.
(Insert rate of monthly or annual interest agreed upon.)
«> % KD
§ 11.10.2.2 The Owner shall not withhold amounts from the Architect’s compensation to impose a penalty or
liquidated damages on the Architect, or to offset sums requested by or paid to contractors for the cost of changes in
the Work, unless the Architect agrees or has been found liable for the amounts in a binding dispute resolution
proceeding.
§ 11.10.2.3 Records of Reimbursable Expenses, expenses pertaining to Supplemental and Additional Services, and
services performed on the basis of hourly rates shall be available to the Owner at mutually convenient times.
ARTICLE 12 SPECIAL TERMS AND CONDITIONS
Special terms and conditions that modify this Agreement are as follows:
(include other terms and conditions applicable to this Agreement.)
ay,
ARTICLE 13 SCOPE OF THE AGREEMENT
§ 13.1 This Agreement represents the entire and integrated agreement between the Owner and the Architect and
supersedes all prior negotiations, representations or agreements, either written or oral. This Agreement may be
amended only by written instrument signed by both the Owner and Architect.
Error! Unknown document property name. (1098199393)
22
