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2002-151 Resolution
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2002-151 Resolution
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Last modified
1/9/2014 4:02:34 PM
Creation date
12/13/2013 7:38:37 AM
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North Olmsted Legislation
Legislation Number
2002-151
Legislation Date
10/15/2002
Year
2002
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EXHIBIT II <br />METHOD OF PAYMEN'T <br />2.1 For basic services under Section 1. Basic Services of the CONTRACTOR as <br />described in Exhibit I, CITY shall pay CONTRACTOR as follows consistent with the <br />CONTRACTOR's PROPOSAL attached hereto as Exhibit IV and made a part hereof. <br />2.1.1 The CITY shall make total payments to the CONTRACTOR in a <br />total amount not to exceed <br />2.1.2 The CONTRACTOR shall submit one invoice to the CITY for the <br />Section 1. Basic Services performed by CONTRACTOR. <br />2.13 The monthly invoices submitted by the CONTRACTOR to the <br />CITY for the Section 1. Basic Services performed by the <br />CONTRACTOR shall include: (1) identification of labor costs by <br />labor classification, number of hours worked and hourly rates; (2) <br />identification of the indirect cost rate applied to the labor costs; (3) <br />identification of non-labor costs by description of the item, the <br />vendor name, vendor invoice nurnber (if available), cost to the <br />CONTRACTOR and handling costs if any. <br />2.1.4 The CITY shall review the invoice submitted by the <br />CONTRACTOR within ten (10) calendar days of the CITY'S <br />receipt of the invoice submitted by the CONTRACTOR. <br />2.1.5 The CITY shall notify the CONTRACTOR within fifteen (15) <br />calendar days of the CITY'S receipt of the invoice of any amount(s) <br />contained in the monthly invoice that will not be paid by the CITY <br />due to: (1) inadequate documentatYOn for the amount(s) requested; <br />(2) the amount(s) requested being outside the scope of services in <br />Section 1. Basic Services of the CONTRACTOR; and (3) the <br />amount(s) requested exceed t:he maximum cost of the <br />CONTR.ACTOR's services approved by the CITY.
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