2004-023 Ordinance - Laserfiche WebLink

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, City_ of North Olmsted, Nxxx xxxx 0 27 4. CITY can withhold in an escrow account any fees due VENDOR as a guarantee to resolve said disputes. During this period, VENDOR cannot withhold support, maintenance or hot line support. Liquidated Damages The following identified modules are subject to liquidated damages for failure to deliver by the specified date. If VENDOR fails to deliver a working product by the target date identified, or if the VENDOR abandons the Project, then VENDOR shall pay to CITY a fixed liquidated damages fee of AMOUNT or 100% of the License Fee for the delayed module, which ever is less. MODULES TARGET DATE General Led er, Bud etinQ, AP, PurchasinQ , 2004 Pa roll and Personnel .2004 Revenue billin and collections . 2004 The following identified modules, enhancements, conversions and interfaces are subject to a penalty for failure to deliver by the specified date. If VENDOR fails to deliver these identified services by the target date identified, or if VENDOR abandons the Project, the VENDOR shall pay to CITY a liquidated damage amount equal to $100 per day for each day past the day the service is delayed. Any such liquidated damages shall be capped at a total equal to 50°Io of the License Fee for the module with which the service is associated. Functional specifications are described in the Exhibits. ?MODULE/ENHANCEMENT/CONVERSION/INTERFACES TARGET DATE Non-Payment As defined by the terms of this agreement, if the VENDOR is not compliant with the deliverables, the CITY can withhold with cause payments for deliverables that are not compliant until such deficiencies are remedied. During this period of non-payment, the VENDOR is still obligated to provide the agreed upon maintenance and support. The CITY must give written notice of intent to withhold payment, and the vendor must resolve outstanding issues within thirty days. Prepared by Barry Strock Consulting Associates, Inc. O 2004 ?s . ?