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Initials: xy
<br />ARTICLE 15
<br />BASIS OF COMPENSATIONThe r
<br />etcompensateall the
<br />Construction Manager
<br />for the Scope of Services
<br />sshass with Article 7,
<br />Payments to he Construction Manager, andthotherTerms and Condiosoftis Agreement, follows:
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<br />15.2 BASIC COMPENSATION
<br />15.2.1 FOR BASIC_ SERVICES, as described in Paragraphs 1.1 and 1.2, and any other services included in Article 1616 a
<br />part of Basic Services, Basic Compensation :hall be
<br />ISd3Ld%YaXrE W `1,�xxttuxYxxxlxxxsrggglf the lesser of Seventy—two Thousand and no/100
<br />($72,000 00) DsUars or four ercen ((yyi) of Construction Cost as defined it.
<br />fon2a®twlixtaxlc k= 111% Yatso eeit>fxx Article 3 hereof.
<br />fillet Intel, AW, of mmprnl+tirn. indudinp L.fd+mnunl• mulopor, nr Pen't 9Re,) .
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<br />IHnr mrrn b+.ir al comprnuticn, in[/udnp hrtd+n.oun!7, md,iple or Prr[mNRuJ
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<br />15.3.1
<br />IH,,e invert bell, of cump<mumn. in[IuJmp turd amounu, mulripfe, or per[enreterJ
<br />15.4 FOR REIMBURSABLE COSTS, as described in Article 6 and Article 16, the actual costs incurred by the Construc-
<br />tion Manager in the interest of the Project.
<br />15.5 Payments due the Construction Manager and 'InNaid under this Agreement shall bear interest from the date
<br />payment is due at the rate entered below, or in the absence thereof, at the legal rate prevailing at the principal
<br />place of business of the Construction Manager.
<br />N IN,,, inrt +ny um of werr3t +peed u, on )
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<br />apeNb[ ly:' ad„Cc ,Aould be oboined wnh :,.peel to delrl.on, maJIbc4rnn "I nrnr/ viryurmrnb Stith a• Willie Ji,nurv,e+ m wairen.l
<br />15.6 The owner and the Cooruction Manager agree in accordance with the Terms and Conditions of this Agree-
<br />ment that:
<br />15.6.1 IF THE SCOPE ..f the Project or the Cons!mction ,,1AlIagel,s 5ervices is changed materially, she amounts of com-
<br />pensation shall he equitably adjusted.
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