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2008-009 Ordinance
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2008-009 Ordinance
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Last modified
1/9/2014 4:05:49 PM
Creation date
12/30/2013 8:47:54 AM
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North Olmsted Legislation
Legislation Number
2008-009
Legislation Date
2/5/2008
Year
2008
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<br />EXHIBIT II <br />METHOD OF PAYMENT <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 N 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 $ when all work 11-completed. <br /> <br />2.1.2 The invoice submitted by the CONTRACTOR to the CITY for the <br />Section l. Basic Services performed by the CONTRACTOR shall <br />include: (1) identification of labor costs by labor classification, <br />number of hours worked and hourly rates; (2) identification of the <br />indirect cost rate applied to the labor costs; (3) identification of non- <br />labor costs by description of the item, the vendor name, vendor <br />invoice number (if available), cost to the CONTRACTOR and <br />handling costs if any. <br />2.1.3 The CITY shall review the invoice submitted by the <br />CONTRACTOR within ten (10) calendar days of the CITY'S receipt <br />of the invoice submitted by the CONTRACTOR. <br />2.1.4 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 documentation for the amount(s) requested; <br />(2) the amount(s) requested being outside the scope of services in <br />Section l. Basic Services of the CONTRACTOR; and (3) the <br />amount(s) requested exceed the maximum cost of the <br />CONTRACTOR's services approved by the CITY. <br />2.2 For optional services under Section 2. Optional Services of the <br />CONTRACTOR, CITY shall pay the CONTRACTOR upon receipt of an approved scope <br />
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