Mississippi Administrative Code › Title 12 - Finance and Administration › Part 3 - Bureau of Building, Grounds and Real Property Management › Chapter 20 - Mississippi Air Service Growth Program (MASGP) › Sec2 12-3-20-300 - PROJECT INITIATION › Section 12-3-20-300.7 - PROFESSIONAL COMPENSATION

Current through June 25, 2024
At the time the Project is initiated, the Professional will
					 be assigned a fee calculated as a percentage of construction cost derived from
					 a basic fee formula of a fixed number (X) divided by the common logarithm of
					 the actual construction cost (C). There are five (5) basic fees and building
					 classifications are as follows:
Type A: Projects of simple, utilitarian character without
					 complication or detail and with a high degree of repetition, such as parking
					 structures, garages, loft type structures, warehouses (exclusive of automated
					 equipment), industrial buildings and farm structures.
Type B: Project of simple character requiring normal
					 attention to design, detail, and with moderate repetition, such as armories,
					 apartments, bakeries, cold storage facilities, exhibition halls, freight
					 facilities, hangers, manufacturing, industrial plants, motels, office buildings
					 (without tenant improvements), packaging and processing plants, printing
					 plants, public markets, roads, skating rinks, and service garages.
Type C: Projects of conventional character requiring normal
					 attention to design and detail, complete with complete mechanical and
					 electrical systems, such as bridges, cinema, college classroom facilities,
					 convention facilities, dining halls (institutional), dormitories, fire
					 stations, gymnasiums*, hotels, laundries and cleaning facilities, marinas,
					 nursing homes, office buildings (with tenant improvements), parks, playground
					 and recreational facilities, police stations, post offices, publishing plants,
					 restaurants, schools (elementary and secondary), specialty shops, stadiums,
					 transportation terminals, welfare buildings, neighborhood centers and similar
					 recreational facilities, banks, exchanges and other financial institutions,
					 extended care facilities, libraries, medical schools, medical office facilities
					 and clinics, mental institutions, mortuaries, public health centers, religions
					 facilities, research facilities, central utilities plants, water supply and
					 distribution plants, sewage treatment and underground systems, electrical
					 sub-station and primary and secondary distribution systems.
* Simple, prefabricated-pre-engineered, minimum types shall
					 be classified under Classification B.
Type D: Projects of specialized character requiring a high
					 degree of skill in design, containing large amounts of complex scientific
					 mechanical and electrical equipment, such as aquariums, auditoriums, airport
					 control towers, art galleries, breweries, college buildings with special
					 facilities, communications buildings, correctional and detention facilities,
					 exposition buildings, hospitals, laboratories, observatories, theaters and
					 veterinary hospitals.
All historical facilities requiring complete restoration,
					 except historical facilities being repaired only, are a C
					 classification.
Type E: Projects of detail character requiring elaborate
					 planning and execution and devoid of repetition, such as mausoleums, memorials,
					 monuments, museums, residences, and specialized decorative buildings.
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If the Project embraces substantial renovation and/or
					 repairs, then the Owner will approve a total fee which shall be 115% of the
					 basic fee shown above. The fee will be increased or decreased accordingly if
					 the Construction Contract amount is increased or decreased. If an increase
					 occurs to the Construction Contract as a direct result of the Professional's
					 errors or omissions, the Owner may elect not to increase the fee.
Asbestos Abatement Contracts are figured on a type C fee
					 percentage; however, in no instance will the fee be less than one thousand
					 dollars ($1,000.00). From time to time, the Owner will prepare and issue
					 special Professional contracts for unique projects which depart from the above
					 outlined percentages.
Roof Contracts are calculated on a type C fee percentage;
					 however, in no instance will the fee be less than $1,000.00. From time to time,
					 the Owner may prepare and issue special Professional contracts for unique
					 projects departing from the above outlined percentages.