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MTC/ San Leandro <br />Master Funding Agreement <br />Supplement No. 2- Hesperian Blvd Bike Lane <br />Page 4 <br /> <br />Annex II <br />Project Schedule, Budget and Payment <br /> <br />FIRM-FIXED PAYMENT <br /> <br />Payment to AGENCY shall be due in the firm fixed amounts indicated below, upon acceptance by the <br />MTC Project Manager of the following deliverables or milestones, described in detail in Attachment A: <br /> <br /> <br /># Deliverable Due Date: Amount Due <br />1 FTC and/or BPAC meeting minutes, and <br />65% PS&E pdf <br />06/01/2026 $50,000 <br />2 100% PS&E pdf 12/31/2026 $50,000 <br />3 0 <br />TOTAL <br /> <br />RECIPIENT shall submit an invoice identifying the project deliverable or milestone for which payment <br />is sought no later than thirty (30) days after MTC's acceptance of such deliverable/milestone. <br /> <br />COST REIMBURSEMENT <br /> <br />MTC will reimburse AGENCY for all expenses deemed reasonable and necessary by MTC incurred by <br />RECIPIENT in the performance of this Agreement. Such reimbursement shall include travel and <br />personal expenses incurred by employees or agents of AGENCY in accordance with 48 Code of Federal <br />Regulations Part 31 or 2 CFR Part 200, as applicable. <br /> <br />The estimated budget by Task and Deliverable is described below. <br /> <br /># Deliverable Due Date: Estimated Budget <br />1 <br />2 <br />3 0 <br />TOTAL NOT TO EXCEED <br /> <br /> <br />AGENCY shall submit invoices for services rendered on a monthly basis covering fees and expenses for <br />a single calendar month, identifying the work for which payment is requested; the hours worked; any <br />authorized expenses, together with receipts for such expenses; the amount requested; and the cumulative <br />amount billed and paid under this Agreement. <br />