2018-90 Resolution - Laserfiche WebLink

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Improvement, up to a maximum of 8% of the actual construction costs of the water work portion of the Capital Improvement. PURVEYOR shall pay MUNICIPALITY after receipt of an invoice in accordance with the provisions set forth in Paragraph IV. C below. 2. Approval of Construction Administration Costs. MUNICIPALITY shall provide cost estimates and schedules to PURVEYOR relative to construction administration services, including inspection services and preparation of as -built drawings, and shall obtain PURVEYOR's written approval prior to commencement of construction. 3. Reimbursement of Construction Administration Costs. PURVEYOR shall reimburse MUNICIPALITY for construction administration for actual costs incurred, but not to exceed 5% of the actual construction cost of the water work. PURVEYOR shall pay MUNICIPALITY after receipt of an invoice in accordance with the provisions set forth in Paragraph IV. C below. B. Reimbursement of Construction Costs. PURVEYOR shall compensate MUNICIPALITY for the estimated construction costs based on the bid prices of the winning bidder. 1. In those Capital Improvements projects that include items in addition to the approved water work, the cost of which is at least 10% of the total contract value, the average total cost (defined as the total water work cost, not including any contingency allowance, divided by the lineal feet of water main work) to perform the water work portion of each Capital Improvement must fall within a range of acceptable average costs, identified in Table 2 (attached to these Terms and Conditions). Should the average total cost fall outside the range, PURVEYOR shall pay the upper or lower limit value shown in Table 2, whichever is closer to the actual, average total cost. a. PURVEYOR shall adjust, in accordance with the index in the Engineering News Record, Table 2 no more often than January of each year. PURVEYOR shall send the revised Table 2 to the COG and to any municipality with a Capital Improvement project in the upcoming year. Such adjustments shall apply only to those construction contracts that are bid after the adjustments have been promulgated. 2. In those Capital Improvement projects in which the cost of the water work is more than 90% of the total contract value, the ranges in Table 2 shall not apply. 3. In accordance with Article 8.02 of the Water Service Agreement, as amended, between the parties, PURVEYOR shall not be obligated to reimburse MUNICIPALITY for any street opening and traffic permits. C. Payment, Process for Reimbursement of Project Costs. PURVEYOR shall pay MUNICIPALITY for the actual Design costs (subject to the limits articulated in Paragraph IV. A, 1 and in advance for the estimated Construction and Administrative costs of each Capital Improvement. PURVEYOR shall pay MUNICIPALITY for the design, administrative and construction costs within forty-five (45) days of receipt of an approvable invoice that is in compliance with PURVEYOR'S policies. MUNICIPALITY shall invoice PURVEYOR for 10