Common use of Compensation and Payment Terms Clause in Contracts

Compensation and Payment Terms. (a) Engineer’s fees for the Services shall be calculated at the rate(s) set forth in Engineer’s Fee Summary in Exhibit “A” attached hereto. The Maximum Compensation to Engineer for the Services performed under this Agreement is Eight Hundred Sixteen Thousand Nine Hundred Sixty Five and 00/100 Dollars ($816,965.00). In no event shall the amount paid by County to Engineer under this Agreement exceed said Maximum Compensation without an approved change order. (b) 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 Attachment “B.” (c) 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. 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. County reserves the right to withhold payment pending verification of satisfactory work performed.

Compensation and Payment Terms. (a) EngineerAIG Tech’s fees for the Services shall be calculated at the rate(s) set forth in Engineer’s Fee Summary the “Attachment A/ Estimated Fee” found in Exhibit “A” attached hereto. The Maximum Compensation to Engineer AIG Tech for the Services performed under this Agreement is Eight One Hundred Sixteen Fifty Thousand Nine Hundred Sixty Five and 00/100 Dollars ($816,965.00150,000.00). In no event shall the amount paid by County to Engineer AIG Tech under this Agreement exceed said Maximum Compensation without an approved change order. (b) Engineer AIG Tech 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 Attachment Exhibit “B.A.” (c) County will pay Engineer AIG Tech based on the following procedures: Upon completion of the tasks identified in the Scope of Services, Engineer AIG Tech 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. 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. County reserves the right to withhold payment pending verification of satisfactory work performed.