Agmt 2007 Monument Arts Inc - Laserfiche WebLink

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Consultant's proposal regarding the amount of compensation, the Agreement shall prevail. City shall pay Consultant for 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 City to Consultant for services rendered pursuant to this Agreement. Consultant shall submit all invoices to City in the manner specified herein. Except as specifically authorized by City, Consultant shall not bill City for duplicate services performed by more than one person. Consultant and City acknowledge and agree that compensation paid by City to Consultant under this Agreement is based upon Consultant's estimated costs of providing the services required hereunder, including salaries and benefits of employees and subcontractor 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 subcontractor may be eligible. City therefore has no responsibility for such contributions beyond compensation required under this Agreement. 2.1 Payment Schedule. . 30% of the final cost is due and payable by City at time contract is signed ($25,050.00). This initial payment is non-refundable. . 30% of the final cost is due and payable by City when casting begins ($25,050.00) at the start of PHASE 3. . 30% of the final cost following delivery and completed installation of the Monument ($25,050.000) at the completion of PHASE 4. . The balance of 10% of the total final cost ($8,350.00) plus 90% of the cost of any approved modifications following a 35 day retention period after acceptance of the project to allow clearing of any payment to subcontractor. 2.2 Invoices. Consultant shall submit invoices based on the above payment schedule and based on the cost for services performed and reimbursable costs incurred prior to the invoice date. Invoices shall contain the following infoID1ation: · 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; · A Task Summary containing the original contract amount, the amount of prior billings, the total due this period, the balance available under the Agreement, and the percentage of completion; · At City's option, for each work item in each task, a copy of 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 total number of hours of work performed under the Agreement by Consultant and each employee, agent, and contractor of Consultant Consulting Services Agreement between City of San Leandro and Monument Arts, Inc. 1/9/06 Page 2 of 24