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SECTION V - PAYMENTS TO THE ENGINEER - <br /> The ENGINEER shall be compensated for work done under <br /> this Agreement as follows: <br /> 5 . 1 BASIC SERVICES - <br /> The OWNER will pay the ENGINEER for basic services <br /> rendered under Section 1 on the following basis : <br /> Engineer' s cost in accordance with Section 5.4 plus a <br /> fixed fee of $5 ,000 .00 . Maximum fee for basic services <br /> shall not exceed $40 ,000.00. <br /> 5 .2 ADDITIONAL SERVICES - <br /> The OWNER will pay the ENGINEER for additonal services <br /> rendered by the ENGINEER under Section 2 as follows: <br /> Engineer's cost for additonal services in accordance with <br /> Section 5 .4 . <br /> 5.2.1 Special Consultants - <br /> The OWNER will pay the ENGINEER for services of special <br /> consultants, the amount billed to the ENGINEER plus 100. <br /> 5.2.2 Resident Project Services - <br /> If Requested by the OWNER , the OWNER will pay the <br /> ENGINEER for resident services during construction on the <br /> following basis: <br /> Engineer ' s cost in accordance with Section 5 .4 . <br /> 5 .3 TIMES OF PAYMENT <br /> I 5 . 3 . 1 The OWNER will make prompt monthly payments in response <br /> to the ENGINEER'S detailed statements for all categories <br /> of service rendered under this Agreement and for <br /> reimbursable expenses incurred. The first monthly payment <br /> shall be the first month after EDA grant award . <br /> 5 . 3 .2 Fixed Fee Compensation for basic services rendered shall <br /> amount to the following percentages of the total Fixed <br /> Fee payable for all phases of basic services: <br /> (1) Preliminary Design Phase-------------350 <br /> (2) Final Design Phase-------------------350 <br /> (3) Construction Phase-------------------30% <br /> TOTAL--------------------------------100% <br /> 7 <br />