Laserfiche WebLink
< <br />City of North Olmsted, NY / xxx xxxx 36 <br />Section IV: PAYMENT <br />The payment schedule is as follows: <br />SOFTWARE PAYMENTS [to be paid for EACH application separately]: <br />First a ment (20 °Io ): Date of contract execution 1 <br />Second a ment (30 %): Date of successful installation acce tance <br />Third payment (40%): Date of running live for the individual <br />application is correctly operating with City's converted data and required and <br />a reed u on modifications and are acce ted <br />Fourth payment (10%): Thirty days after date all applications are live <br />Maintence will be due on 2004 and will start at the delivery of software and ending 200_ <br />HARDWARE PAYMENTS: <br />First Pa ment (20%): U on contract execution ? <br />Second Pa ment (30%): Date of deliver <br />Third Pa ment (40%): Date of successful installation and acce tance <br />Fourth Payment <br />j operation (10%): Thirty days after 3rd payment and successful ' <br /> _ <br />PHASE ONE AND PHASE TWO PAYMENTS <br />Phase One will be based on already budgeted and committed funds. Phase Two is <br />subject to the next year's appropriation and approval. VENDOR will hold quoted <br />price through the next budget year. <br />Phase Two Software will consist of the option to purchase additional software <br />modules, conversion, installation and setup, with the price held by VENDOR for 18 <br />months. <br />TRAINING BILLING AND PAYMENTS <br />Payment for completed training hours will be paid monthly according to training log <br />with close adherence to next CITY billing and VENDOR payment cycle. The City will <br />be billed only for actual training days, regardless of RFP estimates. VENDOR will <br />keep a log of training, and users will be required to sign daily training sheets. The <br />Ciry will not be billed for non-training activity enacted during designated training <br />time. Billable training activities are defined in the VENDOR's proposal to the CITY. <br />Examples of non-billable time would be on-site time spent by the VENDOR's <br />personnel to identify and correct any defect in the products. <br />Prepared by Barry Strock Consulting Associates, Inc. O 2004