Agmt 2007 Main Street Property Services Inc

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Agreement and Consultant's proposal regarding the amount of compensation, the Agreement shall prevail. Agency shall pay Consultant [or services rendered pursuant to this Agreement at the time and in the manner set forth herein. The payments specified below shall be the only payments from Agency to Consultant [or services rendered pursuant to this Agreement. Consultant shall submit all invoices to Agency in the manner specified herein. Except as specifically authorized by Agency, Consultant shall not bill Agency for duplicate services per[omled by more than one person. Consultant and Agency acknowledge and agree that compensation paid by Agency to Consultant under this Agreement is based upon Consu Hant' s estimated costs of providing the services required hereunder, including salaries and benefits of employees and subcontractors of Consultant. Consequently, the parties further agree that compensation hereunder is intended to include the costs of contributions to any pensions and/or annuities to which Consultant and its employees, agents, and subcontractors may be eligible. Agency therefore has no responsibility for such contributions beyond compensation required under this Agreement. 2.1 Invoices. Consultant shall submit invoices, not more often than once a month during the term or this Agreement, based on the cost for services perfonned and reimbursable costs incurred prior to the invoice date. Invoices shall contain the following information: . Serial identifications of progress bills; i.e., Progress Bill No.1 for the first invoice, etc.; . The beginning and ending dates of the billing period; . ^ Task Summary containing the Oliginal contract amount, the amount of prior billings, the total due this period, the balance available under the Agreement, and the percentage of completion; . At Agency's option, [or each work item in each task, a copy o[ the applicable time entries or time sheets shall be submitted showing the name of the person doing the work, the hours spent by each person, a brief description of the work, and each reimbursable expense; · The Consultant's signature. 2.2 Monthly Payment. Agency shall make monthly payments, based on invoices received, [or services satisfactorily performed, and for authorized reimbursable costs incurred. Agency shall have 30 days [rom the receipt of an invoice that complies with all of the requirements above to pay Consultant. 2.3 Final Payment. Agency shall pay the last 10% of the total sum due pursuant to this Agreement within sixty (60) days after completion of the services and submittal to Agency of a final invoice, if all services required have been satisfactorily performed. 2.4 Total Payment. Agency shall pay for the services to be rendered by Consultant pursuant to Lhis Agreement. Agency shall not pay any additional sum for any Consulting Services Agreement between Redevelopment Agency of the City of San Leandro and Main Street Property Services February 1, 2007 Page 2 of23