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8.1. SR 09-21-2020
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8.1. SR 09-21-2020
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§ 5.1.2 The hourly billing rates for Preconstruction Phase services of the Construction Manager and the Construction <br />Manager's Consultants and Subcontractors, if any, are set forth below. <br />(If applicable, attach an exhibit of hourly billing rates or insert them below.) <br />Individual or Position <br />Rate <br />§ 5.1.2.1 Hourly billing rates for Preconstruction Phase services include all costs to be paid or incurred by the <br />Construction Manager, as required by law or collective bargaining agreements, for taxes, insurance, contributions, <br />assessments and benefits and, for personnel not covered by collective bargaining agreements, customary benefits such <br />as sick leave, medical and health benefits, holidays, vacations and pensions, and shall remain unchanged unless the <br />parties execute a Modification. <br />§ 5.1.3 If the Preconstruction Phase services covered by this Agreement have not been completed within «four» ( «4 >> <br />) months of the date of this Agreement, through no fault of the Construction Manager, the Construction Manager's <br />compensation for Preconstruction Phase services shall be equitably adjusted. <br />§ 5.2 Payments <br />§ 5.2.1 Unless otherwise agreed, payments for services shall be made monthly in proportion to services performed. <br />§ 5.2.2 Payments are due and payable upon presentation of the Construction Manager's invoice. <br />Payment of Local Government Bills, Minnesota Statutes, Section 471.425 ("Prompt Payment A, <br />and not subject to a good faith dispute o thirty=ftve;o ( «35 �) ) days after the invoice date shall t <br />entered below, or in the absence thereof at the legal rate prevailing from time to time at the prim <br />of the Construction Manager. <br />(Insert rate of monthly or annual interest agreed upon.) <br />«4.00 )a % «per ann un >> <br />ARTICLE 6 COMPENSATION FOR CONSTRUCTION PHASE SERVICES <br />§ 6.1 Contract Sum <br />§ 6.1.1 The Owner shall pay the Construction Manager the Contract Sum in current funds for <br />Manager's performance of the Contract after execution of the Guaranteed Maximum Price Ai <br />Sum is the Cost of the Work as defined in Article 7 plus the Construction Manager's Fee. <br />§ 6.1.2 The Construction Manager's Fee: <br />to the Prompt <br />mts unpaid <br />st at the rate <br />of business <br />The Contract <br />§ 6.1.4 Limitations, if any, on a Subcontractor's overhead and profit for increases in the cost of its portion of the Work: <br />§ 6.1.5 Rental rates for Construction Manager -owned equipment shall not exceed <cseventy-ffvei percent ( 05�i %) of <br />the standard rental rate paid at the place of the Project. <br />AIA Do—ent A133' - 2019. Copyright © 1991, 2003, 2009, and 2019 by The American Institute of Architects. All rights reserved. The <br />"AmC+rt car it stn at' of 1ich to ts,' `AIA,' the AIA Logo, and `AIA Contract Docin-rit are registered tr dema ks and may not b ased <br />without �� rm Ls,ion. This draft was produced by AIA software at 13:58:42 ET on 06/29/2020 under Order No.2067434383 which expires on <br />04/02/2021, is not for resale, is licensed for one-time use only, and may only be used in accordance with the AIA Contract Documents® Terms <br />of Service. To report copyright violations, e-mail copyright@aia.org. <br />User Notes: (1834312825) <br />
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