Common use of Firms Compensation Clause in Contracts

Firms Compensation. (a) As compensation for FIRM’s services on the Project, City agrees to pay FIRM a sum not to exceed seventy-four-thousand-one- hundred-twenty-four dollars ($74,124). City will pay this sum to FIRM as work is completed based on the hourly rates and fees set forth in the “Compensation Schedule” attached to and incorporated into this Agreement as Exhibit “B.” (b) The City Director of Public Works may authorize additional compensation up to seven-thousand-five-hundred dollars ($7,500) for any changes in the services to be performed by FIRM pursuant to this Agreement that are ordered by the City Engineer in the manner provided for by this Agreement. (c) FIRM will bill City monthly for services on the Project. All bills or invoices for such services will list the hours worked and hourly rates for each personnel category, all reimbursable costs, the tasks performed, the percentage of the task completed during the billing period, the cumulative percentage completed for each task, the total cost of that work during the preceding billing month, and a cumulative cash flow curve showing projected and actual expenditures versus time to date. (d) Notwithstanding anything to the contrary in this Section 6, the City will review the invoice by comparing the cumulative percentage completed on the project with the sum of the invoice. Total approved payment will not exceed the cumulative percentage completed. Invoiced amounts above the cumulative amount completed for project milestones and deliverables as described in Exhibit “A” will not be paid until milestone and/or deliverables are achieved as specified in Exhibit “C.” (e) FIRM agrees to attach a completed IRS Form W-9 to this Agreement to facilitate tax reporting for payments made by City to FIRM pursuant to this Agreement. (f) Payment by the City to FIRM shall be made within 45 days after receipt and approval of FIRM’s invoice by a City check payable to FIRM.

Firms Compensation. (a) As compensation for FIRM’s services on the Project, City agrees to pay FIRM a sum not to exceed seventy-four-thousand-one- hundred-two hundred twenty-four nine thousand, one hundred fifty-three dollars ($74,124229,153). City will pay this sum to FIRM as work is completed based on the hourly rates and fees set forth in the “Compensation Schedule” attached to and incorporated into this Agreement as Exhibit “B.” (b) The City Director of Public Works may authorize additional compensation up to seventwenty-thousand-five-hundred three thousand dollars ($7,50023,000) for any changes in the services to be performed by FIRM pursuant to this Agreement that are ordered by the City Engineer in the manner provided for by this Agreement. (c) FIRM will bill City monthly for services on the Project. All bills or invoices for such services will list the hours worked and hourly rates for each personnel category, all reimbursable costs, the tasks performed, the percentage of the task completed during the billing period, the cumulative percentage completed for each task, the total cost of that work during the preceding billing month, and a cumulative cash flow curve showing projected and actual expenditures versus time to date. (d) Notwithstanding anything to the contrary in this Section 6, the City will review the invoice by comparing the cumulative percentage completed on the project with the sum of the invoice. Total approved payment will not exceed the cumulative percentage completed. Invoiced amounts above the cumulative amount completed for project milestones and deliverables as described in Exhibit “A” and Exhibit “B” will not be paid until milestone and/or deliverables are achieved as specified in Exhibit “C.”paid. (e) FIRM agrees to attach a completed IRS Form W-9 to this Agreement to facilitate tax reporting for payments made by City to FIRM pursuant to this Agreement. (f) Payment by the City to FIRM shall be made within 45 days after receipt and approval of FIRM’s invoice by a City check payable to FIRM.

Firms Compensation. (a) As compensation for FIRM’s services on the Project, City agrees to pay FIRM a sum not to exceed seventy-four-thousand-one- hundred-twenty-four dollars ($74,124$ ). City will pay this sum to FIRM as work is completed based on the hourly rates and fees set forth in the “Compensation Schedule” attached to and incorporated into this Agreement as Exhibit “B.” (b) The City Director of Public Works may authorize additional compensation up to seven-thousand-five-hundred dollars ($7,500$ ) for any changes in the services to be performed by FIRM pursuant to this Agreement that are ordered by the City Engineer in the manner provided for by this Agreement. (c) FIRM will bill City monthly for services on the Project. All bills or invoices for such services will list the hours worked and hourly rates for each personnel category, all reimbursable costs, the tasks performed, the percentage of the task completed during the billing period, the cumulative percentage completed for each task, the total cost of that work during the preceding billing month, and a cumulative cash flow curve showing projected and actual expenditures versus time to date. (d) Notwithstanding anything to the contrary in this Section 6, the City will review the invoice by comparing the cumulative percentage completed on the project with the sum of the invoice. Total approved payment will not exceed the cumulative percentage completed. Invoiced amounts above the cumulative amount completed for project milestones and deliverables as described in Exhibit “A” will not be paid until milestone and/or deliverables are achieved as specified in Exhibit “C.” (e) FIRM agrees to attach a completed IRS Form W-9 to this Agreement to facilitate tax reporting for payments made by City to FIRM pursuant to this Agreement. (f) Payment by the City to FIRM shall be made within 45 days after receipt and approval of FIRM’s invoice by a City check payable to FIRM.

Firms Compensation. (a) As compensation for FIRM’s services on the Project, City agrees to pay FIRM a sum not to exceed seventy-four-thousand-one- hundred-twenty-four dollars ($74,124$ ). City will pay this sum to FIRM as work is completed based on the hourly rates and fees set forth in the “Compensation Schedule” attached to and incorporated into this Agreement as Exhibit “B.” (b) The City Director of Public Works may authorize additional compensation up to seven-thousand-five-hundred dollars ($7,500$ ) for any changes in the services to be performed by FIRM pursuant to this Agreement that are ordered by the City Engineer in the manner provided for by this Agreement. (c) FIRM will bill xxxx City monthly for services on the Project. All bills or invoices for such services will list the hours worked and hourly rates for each personnel category, all reimbursable costs, the tasks performed, the percentage of the task completed during the billing period, the cumulative percentage completed for each task, the total cost of that work during the preceding billing month, and a cumulative cash flow curve showing projected and actual expenditures versus time to date. (d) Notwithstanding anything to the contrary in this Section 6, the City will review the invoice by comparing the cumulative percentage completed on the project with the sum of the invoice. Total approved payment will not exceed the cumulative percentage completed. Invoiced amounts above the cumulative amount completed for project milestones and deliverables as described in Exhibit “A” will not be paid until milestone and/or deliverables are achieved as specified in Exhibit “C.” (e) FIRM agrees to attach a completed IRS Form W-9 to this Agreement to facilitate tax reporting for payments made by City to FIRM pursuant to this Agreement. (f) Payment by the City to FIRM shall be made within 45 days after receipt and approval of FIRM’s invoice by a City check payable to FIRM.

Firms Compensation. SAMPLE (a) As compensation for FIRM’s services on the Project, City agrees to pay FIRM a sum not to exceed seventy-four-thousand-one- hundred-twenty-four dollars ($74,124). City will pay this sum to FIRM amounts invoiced for work actually performed and as work is completed based on the hourly rates and fees set forth in the “Compensation Schedule” attached to and incorporated into this Agreement as Exhibit “B.”” Fees may be increased each year by no more than the amount indicated in the Compensation Schedule and subject to the approval of the City’s Public Works Director upon written request by FIRM. (b) The City Director of Public Works may authorize additional compensation up to seven-thousand-five-hundred dollars ($7,500) for any changes in the services to be performed by FIRM pursuant to this Agreement that are ordered by the City Engineer in the manner provided for by this Agreement. (c) FIRM will bill City monthly for Task Order services on the Projectassociated with this Agreement. All bills or invoices for such services will list the hours worked and hourly rates for each personnel category, all reimbursable costs, the tasks performed, the percentage of the task completed during the billing period, and the cumulative percentage completed for each tasktask associated with a particular Task Order. (c) For services involving the preparation of plans and/or specifications, payment to FIRM, as provided herein, will not exceed ninety percent (90%) of the total cost of that work during amount for the preceding billing monthspecific Task Order before completing the plans and specifications. The final 10% will be paid within 45 days after City accepts the plans and/or specifications, and a cumulative cash flow curve showing projected and actual expenditures versus time to dateas determined by the City Engineer. (d) Notwithstanding anything The maximum not-to-exceed amount for any individual Task Order will be limited to the contrary in this Section 6, the City will review the invoice by comparing the cumulative percentage completed on the project with the sum of the invoice. Total approved payment will not exceed the cumulative percentage completed. Invoiced amounts above the cumulative amount completed for project milestones and deliverables as described in Exhibit “A” will not be paid until milestone and/or deliverables are achieved as specified in Exhibit “C.”$60,000. (e) Payments for out-of-scope work will only be made after City processes a Task Order amendment or separate Task Order and issues a written notice to proceed for the specific additional tasks. A written scope of work, an agreed upon additional fee, a schedule for starting and completing the additional tasks, and an agreed upon extension of the time for performance, if needed to complete the additional work, will be required before City issues a notice to proceed for additional work. All additional work will be subject to all other terms and provisions of this Agreement. (f) FIRM agrees to attach a completed IRS Form W-9 to this Agreement to facilitate tax reporting for payments made by City to FIRM pursuant to this Agreement. (fg) Payment by the City to FIRM shall be made within 45 days after receipt and approval of FIRM’s invoice by a City check payable to FIRM.