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t5 rC.:,`r:a r 7 ''i't j (caY(1 :' n f (_'o '.ia(1t )'..., MMSEA R€}porting. $9.50 per claim. N Outside Activity/Field Investigations will be billed at time and expense. During the term of a multi-year contract, except for items for which pricing for each year is explicitly listed above, pricing for each year after the first mull year will increase by the greater of 3% or the percentage increase as reported by the U.S. Department of Labor - Bureau of Labor Statistics (http://www.bls.gov/cpi/home.htm) for the Consumer Price index for All Urban Consumers (CII -U) for the U.S. City Average, All Items, covering the prior twelve month period, valued as of the nnont.h ending two months prior (to allow time for reports to be published) to the anniversary date of the contract. For all contracts, pricing at the end of the contract term and each year thereafter will increase by such amount, provided that (i) both parties agree and enter into a renewal contract, or (ii) the parties continue with the existing contract an a month-to-month basis. Billing: we will issue an electronic invoice annually, via email. Payments shall be due and payable no later than thirty days from the invoice date. Pricing has been developed based on provided loss data. In the event that the loss data is erroneous or otherwise incorrect both parties agree to discuss an equitable adjustment of service fees. City of North Olmsted may request that the services we perform be rendered in a particular, or different way or additional services be provided, and we will make all reasonable efforts to comply. If such request increases our cost of providing the services, we shall be entitled to an equitable adjustment in its compensation. Subrogation: Our fee per feature pricing includes placing parties that it deems responsible on notice, Pursuit of subrogation beyond this point can be performed at 25% of recovery (exclusive of attorney fees and expenses related to litigation as well as expenses, such as locate searches, .skip traces, cost and origin reports, copy service, etc, or any agreed upon contingency fees). _- Claims and Allocated Loss Adjustment. Expenses (ALAE) may be handled in two ways: City of North Olmsted may elect to fund an account established and maintained by us. In this case, City of North Olmsted will maintain and provide timely replenishment of funds to pay all Claims and ALAE and to avoid penalties and late payments. We will electronically provide a monthly recap of all deposits as well as Claims and ALAE payments. City of North Olmsted will be responsible for bank fees with respect to the account. o City of North Olmsted may elect to maintain and fund a client owned account from which we will issue all Claim and ALAE payments. In this case; City of North Olmsted will provide us with the facsimile signature of an officer, director, partner or employee of City of North Olmsted to print digitally on the checks. City of North Olmsted will be responsible for bank fees with respect to the account. These proposed fees will remain in effect for 90 days from the date of this proposal. This proposal contemplates that we will be entering into a direct contract with City of North Olmsted, Should we be required to contract with any other party, different terms may apply.