BASIC FEE COMPUTATIONS (Full Service Agreements) Complete payment sections as applicable. Refer to the Fund’s on Payment of Consultant Fees” for detailed instructions. “Bulletin A B BASIC DESIGN FEE BASIC CONSTRUCTION PHASE FEE SCHEMATIC PAYMENT CONSTRUCTION PHASE PAYMENT 1. Schematic Cost Estimate $1,800,000.00 1. Original Construction Contract Amount $1,950,000.00 2. Total Fee $171,195.00 3. Schematic Fee (20% of Line 2) $34,239.00 2. Not Used) a. Less Credit Stated in Contract $2,000.00 3. Construction Cost (Line 1 minus Line 2) $1,950,000.00 – b. Net Schematic Fee (Line 3 Line 3a) $32,239.00 4. Total Fee $184,357.50 4. % of Schematic Completed 100% 5. Construction Phase Fee (25% of Line 4) $46,089.38 5. Progress Fee Earned (Line 3b x Line 4) $32,239.00 6. % of Construction Phase Completed 25% 6. Less Previous Schematic Payments $15,000.00 7. Progress Fee Earned (Line 5 x Line 6) $11,522.34 7. Net Amount Now Due $17,239.00 8. Less Previous Construction Phase Payments 0 9. Net Fee (Line 7 minus Line 8) $11,522.34 DESIGN MANUAL PAYMENT 10. Less Retention 0 11. Net Amount Now Due 1. Design Manual Cost Estimate $1,900,000.00 $11,522.34 2. Fee $179,970.00 REMARKS 3. Design Manual Fee (15% of Line 2) $26,995.50 4. % of Design Manual Completed 5. Progress Fee Earned (Line 3 x Line 4) 100% 6. Less Previous Design Manual Payments 7. Net Amount Now Due $1995.5.0 CONSTRUCTION DOCUMENTS PAYMENT 1. Final Cost Estimate $2,005,000.00 2. Total Fee $189,165.00 3. Construction Documents Fee $75,666.00 (40% of Line 2) 4. % of Design Manual Completed 100% 5. Progress Fee Earned (Line 3 x Line 4) $75,666.00 6. Less Previous Construction Doc. Payments $45,000.00 7. Net Amount Now Due $30,666.00
BASIC FEE COMPUTATIONS (Full Service Agreements) Complete payment sections as applicable. Refer to the Fund’s “Bulletin on Payment of Consultant Fees” for detailed instructions. A BASIC DESIGN FEE B BASIC CONSTRUCTION PHASE FEE SCHEMATIC PAYMENT CONSTRUCTION PHASE PAYMENT 1. Schematic Cost Estimate $1,800,000.00 1. Original Construction Contract Amount $1,950,000.00 2. Total Fee $171,195.00 2. Not Used) 3. Schematic Fee (20% of Line 2) $34,239.00 a. Less Credit – Stated in Contract $2,000.00 3. Construction Cost (Line 1 minus Line 2) $1,950,000.00 b. Net Schematic Fee (Line 3 Line 3a) $32,239.00 4. Total Fee $184,357.50 4. % of Schematic Completed 100% 5. Construction Phase Fee (25% of Line 4) $46,089.38 5. Progress Fee Earned (Line 3b x Line 4) $32,239.00 6. % of Construction Phase Completed 25% 6. Less Previous Schematic Payments $15,000.00 7. Progress Fee Earned (Line 5 x Line 6) $11,522.34 7. Net Amount Now Due $17,239.00 8. Less Previous Construction Phase Payments 0 9. Net Fee (Line 7 minus Line 8) $11,522.34 DESIGN MANUAL PAYMENT 10. Less Retention 0 1. Design Manual Cost Estimate $1,900,000.00 11. Net Amount Now Due $11,522.34 2. Fee $179,970.00 3. Design Manual Fee (15% of Line 2) $26,995.50 REMARKS 4. % of Design Manual Completed 5. Progress Fee Earned (Line 3 x Line 4) 100% 6. Less Previous Design Manual Payments 7. Net Amount Now Due $1995.5.0 CONSTRUCTION DOCUMENTS PAYMENT 1. Final Cost Estimate $2,005,000.00 2. Total Fee $189,165.00 3. Construction Documents Fee (40% of Line 2) $75,666.00 4. % of Design Manual Completed 100% 5. Progress Fee Earned (Line 3 x Line 4) $75,666.00 6. Less Previous Construction Doc. Payments $45,000.00 7. Net Amount Now Due $30,666.00
confees.docx