5.4. SR 05-21-2007 - Laserfiche WebLink

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The Owner shall compensate the Construction Manager for Construction Phase services as follows: ~ 5.1 COMPENSATION ~ 5.1.1 For the Construction Manager's performance of the Work as described in Section 2.3, the Owner shall pay the Construction Manager in current funds the Contract Sum consisting of the Cost of the Work as defined in Article 670 and the Construction Manager's Fee determined as follows: A lumn snm as shown iIltl1.e.9:l\IlP oronosal defined in Article 2.2.4 and amendIlle.lll.No. I dated. (State a lump sum, percentage of actual Cost of the Work or other provision for determining the Construction Manager's Fee, and explain how the Construction Manager's Fee is to be adjustedfor changes in the Work.) ~ 5.2 GUARANTEED MAXIMUM PRICE ~ 5.2.1 The sum of the Cost of the Work and the Construction Manager's Fee are guaranteed by the Construction Manager not to exceed the amount provided in Amendment No.1, subject to additions and deductions by changes in the Work as provided in the Contract Documents. Such maximum sum as adjusted by approved changes in the Work is referred to in the Contract Documents as the Guaranteed Maximum Price. Costs which would cause the Guaranteed Maximum Price to be exceeded shall be paid by the Construction Manager without reimbursement by the Owner. (/n:.:SYI :;ptf':j~C p':"() ','isions ~(thc Cens:'Plw:ien },J..anat;eris fO ps.r:icip3.~C h:; any .~'.x"i;}gs.) 100% of the savin.s that maybeJ:~.alize<l in the Cost ofthe WQrk accrue to the Owner 5..2.2 The Guaranteed Maximum Price is $ e~_~cuted followin2" receint of Prime Contractor hids.. as.~hown on Amendment No.1 to be detenrriIl~d and ~ 5.3 CHANGES IN THE WORK ~ 5.3.1 Adjustruents to the Guaranteed Maximum Price on account of changes in the Work subsequent to the execution of Amendment No. 1 maybe determined by any ofthe methods listed in Section 7.3.3 of A201ThL1997. ~ 5.3.2 In calculating adjustments to Prime Contracts (except those awarded with the Owner's prior consent on the basis of cost plus a fee), the terms "costn and "fee'1 as used in Section 7.3.3.3 of A20I Tl\L1997 and the terms llcostsll and "a reasonable allowance for overhead and profit" as used in Section 7.3.6 of A201ThLI997 shall have the meanings assigned to them in that document and shall not be modified by this Article 5. Adjustments to Prime Contracts awarded with the Owner's prior consent on the basis of cost plus a fee shall be calculated in accordance with the terms of those Prime Contracts. ~ 5.3.3 In calculating adjustments to the Contract, the terms "cost" and "costs" as used in the above-referenced provisions of A201T"--1997 shall mean the Cost of the Work as defined in Article 6 of this Agreement, and the term "and a reasonable allowance for overhead and profit" shall mean the Construction Manager's Fee as defined in Section 5.1.1 of this Agreement. ~ 5.3.4 Ifno specific provision is made in Section 5.1.1 for adjustment ofthe Construction Manager's Fee in the case of changes in the Work, or if the extent of such changes is such, in the aggregate, that application of the adjustruent provisions of Section 5.1.1 will cause substantial inequity to the Owner or Construction Manager, the Construction Manager's Fee shall be equitably adjusted on the basis of the Fee established for the original Work. ARTICLE 6 COST OF THE WORK FOR CONSTRUCTION PHASE ~ 6.1 COSTS TO BE REIMBURSED ~ 6.1.1 The term "Cost of the Work" shall mean costs necessarily incurred by the Construction Manager in the proper performance of the Work. Such costs shall be at rates not higher than those customarily paid at the place of the Project except with prior consent of the Owner. The Cost of the Work shall include only the items set forth in this Article -&-6. and ~:hall not be 8.l::'(3lie&tin~ Dr other C~)sts efthe \J/ork or cost; included in tl1e C13flstrnotioH A{ana;er'~; Fee, anEl o!l.ll "at ."e.eEl ~50,000.00. & 6.1.1.1 The C:onstlllction Manag~r.'.~_ Fee.~~1.I.Ilot be duolieative...Qf the Cost of Work an<ttl1e Cost of Work oerforrned directlv bv the C:onstructio.n I\:1."-Il"-ll,,!shall not exeeed.Eiftv Thousand Dollars (l~.o,OOO.OOj,Ho'NeTIL