Ala. Admin. Code r. 355-16-1-.05

Current through Register Vol. 43, No. 1, October 31, 2024

Section 355-16-1-.05 - Final Reconciliation Of Fees

(1) Final Reconciliation: The Basic Plan Review Fee, the Basic Permit Fee, and the Basic Contract Document Administration Fee are paid based on the best estimate of the Construction Cost at the time each fee is due. When construction is complete, a Final Reconciliation will recalculate each of these fees using the actual Construction Cost. The Final Reconciliation will determine the amount due from or refunded to the Owner. The Owner has the final responsibility for payment of all fees.

(2) The actual Construction Cost for the final Basic Plan Review Fee shall be adjusted to include the lowest bid on any additive unawarded alternates from the bid tab. The actual Construction Cost for the final Basic Permit Fee and the final Basic Contract Document Administration Fee shall be adjusted for any change orders and for any sales-tax credit received by the Owner.

New Rule: Filed October 27, 1994; effective December 1, 1994. Repealed: Filed October 12, 1995; effective November 16, 1995. New Rule: Filed August 7, 2014; effective September 11, 2014.

Amended by Alabama Administrative Monthly Volume XXXVIII, Issue No. 02, November 29, 2019, eff. 1/13/2020.

Author: Katherine Lynn

Statutory Authority:Code of Ala. 1975, § 41-9-141(a)(8).