Agmt95 Rudolph & Sletten - Laserfiche WebLink

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FXS:dft 5/04/95 (004/73) 5/09/95R 5/17/95R FXS:rg 6/20/95R 7/'06/95R 7/20/95R that in the event that the Final Agreed Price, as hereinafter defined, exceeds 110% of the fee basis of Seven Million Three Hundred Thousand and No/100 Dollars ($7,300,000.00), as set forth in CM/GC's Request for Qualification/Proposal, CM/GC shall recgive additional fee in the sum equal to 7.4% of any amount above 110% of Seven Million Three Hundred Thousand and No/100 Dollars ($7,300,000.00). Compensation and reimbursement of costs and expenses hereunder shall be payable upon monthly billing therefor by CM/GC to City, which billing shall include an itemized statement, describing in detail the work performed by CM/GC on an hourly basis, by task and labor category or cost/expense items billed. (bi ~ayment to CM/GC. The Final Agreed Price (the "FAP") for the Project shall consist of the following elements: (1) the sum of all bids from subcontractors (including CM/GC to the extent that it is awarded any subcontract for physical work at the Project) (the "Subcontractor Costs"); (2) CM/GC's fee, as defined above; and (3) the Contingency amount, as defined in subparagraph (d), below. Items (1) and (2) in the previous sentence shall be referred to herein as the "Construction Costs." Upon receipt and approval of all Subcontractors' bids, CM/GC shall execute a "Final Agreed Price," similar to the list shown on Exhibit "C" attached hereto and incorporated by this reference. The FAP shall not exceed the sum of $7,500,000 subject to subparagraph (d) hereof and the other terms and conditions of this Agreement and the documents incorporated herein, such as t) general conditions. The FAP shall be disbursed to CM/GC 3