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<br />-8- <br /> <br />1n the Bidding Phase. This Phase shall terminate and <br /> <br />the services to be rendered thereunder shall be considered <br /> <br />complete upon commencement of the Construction Phase. <br /> <br />E. The Construction Phase will commence with execution of <br /> <br />the contract and will terminate upon written approval <br /> <br />I <br /> <br />by Engineer of final payment to the contractor(s). <br /> <br />F. <br /> <br />Failure of Engineer to meet the time requirements <br /> <br />imposed by sections A-E of this article shall be <br /> <br />g~Qunds for immediate termination of this agreement by <br /> <br />City. <br /> <br />ARTICLE V. <br />COMPENSATION <br /> <br />A. The basic services described in Article II shall be paid <br /> <br />for on the basis of percentage of the construction cost <br /> <br />of the project. The percentage will be taken from the <br /> <br />lowest reliable acceptable bid. <br /> <br />The percentage will <br /> <br />be <br /> <br />12%. <br /> <br />I <br /> <br />1) Upon delivery of the preliminary design the <br /> <br />Engineer shall be paid 30% of the toal compensa~ <br /> <br />tion due for basic services, plus all compensa- <br /> <br />tion due for additional services rendered and <br /> <br />reimbursable expenses incurred to that date. <br /> <br />2) Upon delivery of the final design the Engineer <br /> <br />shall be paid an amount such that this amount <br /> <br />plus the previous payment for basic services <br /> <br />shall total 70% of the total compensation due <br /> <br />for basic services, plus all compensation due <br /> <br />for additional services rendered and reimbursable <br /> <br />expenses incurred to that date. <br /> <br />I <br /> <br />3) Upon signing of the contract the Engineer shall <br /> <br />be paid an amount such that this amount plus <br /> <br />the previous payment for basic services shall <br /> <br />total 85% of the total compensation due for <br /> <br />basic services, plus all compensation due for <br /> <br />additional services rendered and reimbursable <br /> <br />expenses incurred to that date. <br />