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<br />All payments to the Architect shall be governed by the Prompt Payment of Local Government Bills, Minnesota Statutes, <br />Section 471.425 (ÐPrompt Payment ActÑ), provided however that the interest rate for payment due but unpaid shall be four <br />percent (4%) per annum. <br /> <br />ARTICLE 11 COMPENSATION <br />§ 11.1 For the ArchitectÓs Basic Services described under Article 3, the Owner shall compensate the Architect as follows: <br /> <br />.1 Stipulated Sum <br /> (Insert amount) <br /> <br /> <br /> <br />.2 Percentage Basis <br /> (Insert percentage value) <br /> <br /> ( ) % of the OwnerÓs budget for the Cost of the Work, as calculated in accordance with Section <br />11.6. <br /> <br />.3 Other <br /> (Describe the method of compensation) <br /> <br /> <br /> <br />§ 11.2 For the ArchitectÓs Supplemental Services designated in Section 4.1.1 and for any Sustainability Services required <br />pursuant to Section 4.1.3, the Owner shall compensate the Architect as follows: <br />(Insert amount of, or basis for, compensation. If necessary, list specific services to which particular methods of compensation <br />apply.) <br /> <br /> <br /> <br />§ 11.3 For Additional Services that may arise during the course of the Project, including those under Section 4.2, the Owner <br />shall compensate the Architect as follows: <br />(Insert amount of, or basis for, compensation.) <br /> <br /> <br /> <br />§ 11.4 Compensation for Supplemental and Additional Services of the ArchitectÓs consultants when not included in Sections <br />11.2 or 11.3, shall be the amount invoiced to the Architect plus percent ( %), or as follows: <br />(Insert amount of, or basis for computing, ArchitectÓs consultantsÓ compensation for Supplemental or Additional Services.) <br /> <br /> <br /> <br />§ 11.5 When compensation for Basic Services is based on a stipulated sum or a percentage basis, the proportion of <br />compensation for each phase of services shall be as follows: <br /> <br />Schematic Design Phase percent ( %) <br /> <br />Design Development Phase percent ( %) <br />Construction Documents Phase percent ( %) <br />Construction Phase percent ( %) <br /> <br />Total Basic Compensation one hundred percent ( 100.00 %) <br /> <br />AIA Document B133 Î 2019. Copyright ¨ 2014, and 2019. All rights reserved. ÐThe American Institute of Architects,Ñ ÐAmerican Institute of Architects,Ñ ÐAIA,Ñ the <br /> <br />AIA Logo, and ÐAIA Contract DocumentsÑ are trademarks of The American Institute of Architects. This draft was produced at 13:48:18 CDT on 08/13/2025 under <br />24 <br />Subscription No.20250116558 which expires on , is not for resale, is licensed for one-time use only, and may only be used in accordance with the AIA Contract <br />® <br />Documents Terms of Service. To report copyright violations, e-mail docinfo@aiacontracts.com. <br />User Notes: (640e2aeef442e4498d096839) <br /> <br />A24 | BKV GROUP <br />Qbhf!329!pg!354 <br /> <br />