Common use of Compensation and Payment Terms Clause in Contracts

Compensation and Payment Terms. (a) Consultant’s fees for the Services shall be calculated at the rate(s) set forth in Consultant’s “Detailed Fee Breakdown” attached hereto as Exhibit “2.” The Maximum Compensation to Consultant for the Services performed under this Agreement is Three Hundred Ninety Nine Thousand Five Hundred Forty Eight and 00/100 Dollars ($399,548.00). In no event shall the amount paid by District to Consultant under this Agreement exceed said Maximum Compensation without an approved change order. (b) Consultant 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 “2.” (c) District will pay Consultant based on the following procedures: Consultant shall submit to District two (2) original copies of invoices showing the amounts due for services performed in a form acceptable to District. Consultant may submit electronically via: ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. District 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. District shall pay each such approved invoice within thirty (30) calendar days.

Compensation and Payment Terms. (a) Consultant’s fees for the Services shall be calculated at the rate(s) set forth in Consultant’s in “Detailed Fee BreakdownAttachment B” of Exhibit “A” attached hereto as Exhibit “2.” hereto. The Maximum Compensation to Consultant for the Services performed under this Agreement is Three One Hundred Ninety Nine Thousand Five Hundred Forty Eight and 00/100 Dollars ($399,548.00100,000.00). In no event shall the amount paid by District to Consultant under this Agreement exceed said Maximum Compensation without an approved change order. (b) Consultant 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 “2.A.” (c) District will pay Consultant based on the following procedures: Upon completion of the tasks identified in the Scope of Services, Consultant shall submit to District two staff person designated by the District’s Chief Engineer, one (21) original copies electronic (pdf) copy of invoices the invoice showing the amounts due for services performed in a form acceptable to District. Consultant may submit electronically via: ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. District 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. District shall pay each such approved invoice within thirty (30) } calendar days. District reserves the right to withhold payment pending verification of satisfactory work performed.