Preconstruction Services Agreement

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AGREEMENT BETWEEN OWNER AND CONSTRUCTION MANAGER Pre-Construction and Construction Phase Services FP&M Project No, CP00{ XXXX }

AGREEMENT made by and between the Board of Regents, State of Iowa, acting for Iowa State University, hereinafter called the Owner, and { CM Name and Address } hereinafter called the Construction Manager. A strikethrough of paragraph(s) represents deleted or modified language. See Article 16 for deletions, modifications and additions to the Agreement. The Owner intends to undertake on the Campus of Iowa State University a Project entitled: Project Title: { Official Project Title } The Project Design Professional is: { Name of Design Professional } The Owner and Construction Manager agree as set forth below: I. The Construction Manager shall provide services for the Project in accordance with the TERMS AND CONDITIONS OF THE AGREEMENT. The Construction Manager accepts the relationship of trust and confidence established between the Construction Manager and the Owner by this Agreement. The Construction Manager covenants with the Owner to furnish the Construction Manager’s best skill and judgment and to cooperate with the Owner’s Design Professional in furthering the interests of the Owner. The Construction Manager agrees to furnish efficient business administration and superintendence and to use the Construction Manager’s best efforts at all times in the most expeditious and economical manner consistent with the interest of the Owner. II. The Owner shall compensate the Construction Manager in accordance with the TERMS AND CONDITIONS OF THE AGREEMENT. A. For BASIC SERVICES, as described in Article 2, and any other services specified in Article 16 as Basic Services, Compensation shall be computed as follows: For Pre-Construction Phase Services compensation is comprised of costs of personnel engaged in the performance of services provided in this Agreement and directly attributable to the project in accordance with the schedule of Hourly Rates by Classification (Exhibit B), not to exceed a limit of { } and No/100 Dollars (${ }). AND/OR For Construction Phase Services compensation shall be on the basis of a stipulated sum of { } and No/100 Dollars (${ }) ({ }% of the Construction Cost as defined in Paragraph 5.1). The fee amount is based upon the current construction budget of ${ }. B. For ADDITIONAL SERVICES, described in Article 3, and any other services specified in Article 16 as Additional Services, compensation shall be computed as agreed upon in writing at the time of the needed services.

December 2011 Edition

Page { page }

Iowa State University

NOTE: Select the appropriate Paragraph C, depending on the project circumstances. { Pre-Construction and Construction Phase Services - where reimbursables are known } C. For REIMBURSABLE EXPENSES, as described in Paragraph 12.3, the actual costs incurred by the Construction Manager in the interest of the Project and identified in the schedule of Reimbursable Expenses (Exhibit “C”). Reimbursable Expenses shall not exceed { } and No/100 Dollars (${ }). { Pre-Construction and Construction Phase Services - where reimbursables for Construction Phase Services are not known } C. For Pre-Construction Phase REIMBURSABLE EXPENSES, as described in Paragraph 12.3, the actual costs incurred by the Construction Manager in the interest of the Project. Reimbursable Expenses shall not exceed { } and No/100 Dollars (${ }). Reimbursable Expenses for construction phase services will be determined when the actual construction costs are known. At that time, reimbursable expenses will be added by Amendment to this Agreement. { Pre-Construction Phase Services only } C. For REIMBURSABLE EXPENSES, as described in Paragraph 12.3, the actual costs incurred by the Construction Manager in the interest of the Project. Reimbursable Expenses shall not exceed { } and No/100 Dollars (${ }). D. Professional consultants retained by the Construction Manager for the services...
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