RES 89243 - Laserfiche WebLink

EXHIBIT B CONSULTANT FEE AND COMPENSATION 1) City shah pay CONSULTANT the fees established for the performance of each of the tasks set forth in Exhibit "A", not to exceed the total sum of $70,966 including reimbursable costs as set forth in this Agreement for the services required pursuant to this Agreement. Billing and payment shall be based on hourly rates contained in 6), below. 2) CONSULTANT shall submit monthly invoices during the term of this Agreement based on the cost for services performed and reimbursable costs for each respective month; provided, however, CITY shah pay the last 10% of the total sum due pursuant to this Agreement only when all services due pursuant to this Agreement have been satisfactorily performed. 3) Each invoice is due and payable by the Client on presentation and is past due thirty (30) days from invoice date. Any billing disputes shall be brought to the attention of CONSULTANT within fourteen (14) days of billing presentation. An interest charge of 10% annual percentage rate, or the prevailing interest rate for member borrowers at the San Francisco Federal Reserve Bank plus 5%, whichever is greater, may be added to overdue accounts. If accounts are unpaid forty-five (45) days from the date of billing, work may be halted at the discretion of CONSULTANT principal-in-charge until payments are made current. In addition, the CONSULTANT reserves the right to withhold delivery of work products or void time limits applicable to the contract in the event of delinquent receivables. The CONSULTANT shall not be held responsible for any damages due to halting work or withholding work products. Interest charges and delinquent receivables provisions shall not apply to the payment "holdback" stipulated herein, until after final action is taken on the work contracted by the CITY Council. 4) CITY shall make no payment for any extra, further or additional service pursuant to this Agreement unless such extra service and the price therefore is agreed to in writing executed by an official of CITY authorized to obligate CITY thereto prior to the time such extra service is rendered. 5) In the event services are terminated by CITY prior to completion of the Scope of Services contained in EXHIBIT "A", CITY shall compensate the CONSULTANT for all outstanding costs incurred to date of written notice thereof and terminate this Agreement. CONSULTANT shall maintain adequate logs and timesheets in order to verify costs incurred to date. 6) For professional services performed during normal business hours the fee schedule shall be: Principal $105.00 per hour Project Manager $75.00 per hour