Payments shall be made as follows: Upon completion of the preliminary sketches, 1 per cent of estimated cost; upon completion of the general drawings and specifications, an additional 1-1/2 per cent of estimated cost; upon completion of details an additional 1 per cent of estimated cost; and upon completion of the work, the charge for supervision or inspection. At that time, also, any differences between the percentage upon the estimated and actual cost is to be settled, and any deficiency is to be paid or excess credited.
Travelling expenses and other necessary disbursements are payable when incurred.
In case contracts are not entered into for the work within six months after the drawings are ready for contractors to estimate, payment shall be made for the work done at the rates herein before specified, computed upon the estimated cost. Provided, however, that if at any subsequent time the plans and specifications prepared by us, are used and the actual cost exceeds the estimated cost, compensation upon such excesses, shall be made at the rates aforesaid.
REMARKS.
Respectfully yours,
Accepted, —— 189
INSPECTION OF BUILDINGS IN NEW YORK.
NEW YORK, N.Y., December 22, 1889.
TO THE EDITORS OF THE AMERICAN ARCHITECT:—