Common use of Compensation and Payment Terms Clause in Contracts

Compensation and Payment Terms. (a) Contractor’s fees for the Services shall be calculated at the rate(s) set forth in Contractor’s Fee/Rate Schedule attached hereto as Exhibit “A” and incorporated by reference for all intents and purposes. The Maximum Compensation to Contractor for the Services performed under this Agreement is Seven Hundred Eighty Four Thousand Nine Hundred Forty Two and 00/100 Dollars ($784,942.00). In no event shall the amount paid by County to Contractor under this Agreement exceed said Maximum Compensation without an approved change order. (b) Contractor 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 Contractor based on the following procedures: Upon completion of the tasks identified in the Scope of Services, Contractor 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) Contractor’s Xxxxx-Xxxxxxx’x fees for the Services shall be calculated at the rate(s) set forth in Contractor’s Fee/Rate Schedule attached hereto as Exhibit “A” and incorporated by reference for all intents and purposesattached hereto. The Maximum Compensation to Contractor Xxxxx-Xxxxxxx for the Services performed under this Agreement is Seven Four Hundred Eighty Four Thousand Nine Thirteen Thousand, Eight Hundred Forty Two Ten dollars and 00/100 Dollars ($784,942.00413,810.00). In no event shall the amount paid by County to Contractor Xxxxx-Xxxxxxx under this Agreement exceed said Maximum Compensation without an approved change order. (b) Contractor Xxxxx-Xxxxxxx 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 Contractor Xxxxx-Xxxxxxx based on the following procedures: Upon completion of the tasks identified in the Scope of Services, Contractor Xxxxx-Xxxxxxx shall submit to County staff person designated by the County EngineerCounty’s Director of Facilities Management and Planning, 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.