Common use of Compensation and Payment Terms Clause in Contracts

Compensation and Payment Terms. Engineer’s fees for the Services shall be calculated at the rate(s) set forth in Exhibit “A” attached hereto. The Maximum Compensation to Engineer for the Services performed under this Agreement is Two Hundred Thirty Nine Thousand Seven Hundred Five and 00/100 Dollars ($239,705.00). In no event shall the amount paid by County to Engineer under this Agreement exceed said Maximum Compensation without an approved change order. (a) Engineer understands and agrees that the Maximum Compensation stated is an all-inclusive amount and no additional fee, cost or reimbursed expense shall be added whatsoever to the fees stated in the attached Exhibit “A.” (b) County will pay Engineer based on the following procedures: Upon completion of the tasks identified in the Scope of Services, Engineer shall submit to County staff person designated by the County Engineer, one (1) electronic (pdf) copy of the invoice showing the amounts due for services performed in a form acceptable to County. Engineer shall submit invoices no more frequently than on a monthly basis. County shall review such invoices and approve them within 30 calendar days with such modifications as are consistent with this Agreement and forward same to the Auditor for processing. County shall pay each such approved invoice within thirty (30) calendar days. (c) Engineer understands and agrees that County’s obligation to make any payment(s) hereunder is dependent upon Engineer’s completion of the Services in a timely, good, and professional manner and in accordance with the performance representations made in Section 25 of this Agreement. Therefore, County reserves the right to withhold payment pending verification of satisfactory work performed.

Compensation and Payment Terms. Engineer(a) S&C’s fees for the Services shall be calculated at the rate(s) set forth in Exhibit “A” attached hereto. The Maximum Compensation to Engineer S&C for the Services performed under this Agreement is One Hundred Two Thousand Five Hundred Thirty Nine Thousand Seven Hundred Five and 00/100 Dollars ($239,705.00). In 102,500.00).In no event shall the amount paid by County to Engineer S&C under this Agreement exceed said Maximum Compensation without an approved change order. (ab) Engineer S&C understands and agrees that the Maximum Compensation stated is an all-all- inclusive amount and no additional fee, cost or reimbursed expense shall be added whatsoever to the fees stated in the attached Exhibit “A.” (bc) County will pay Engineer S&C based on the following procedures: Upon completion of the tasks identified in the Scope of Services, Engineer S&C shall submit to County staff person designated by the County EngineerFacilities Management and Planning Director, one (1) electronic (pdf) copy of the invoice showing the amounts due for services performed in a form acceptable to County. Engineer shall submit invoices no more frequently than on a monthly basis. County shall review such invoices and approve them within 30 calendar days with such modifications as are consistent with this Agreement and forward same to the Auditor for processing. County shall pay each such approved invoice within thirty (30) calendar days. (cd) Engineer Accrual and payment of interest on overdue payments shall be governed by Chapter 2251 of the Texas Government Code. (e) S&C understands and agrees that County’s obligation to make any payment(s) hereunder is dependent upon EngineerS&C’s completion of the Services in a timely, good, and professional manner and in accordance with the performance representations made in Section 25 of this Agreement. Therefore, County reserves the right to withhold payment pending verification of satisfactory work performed.