Common use of CONTRACT FOR PROFESSIONAL SERVICES Clause in Contracts

CONTRACT FOR PROFESSIONAL SERVICES. This Contract, entered into as of this day of December, 2016, by and between the Mississippi Department of Public Safety, hereinafter referred to as the "Agency," the Office of the State Auditor, hereinafter referred to as the "OSA", and BKD, LLP, hereinafter referred to as the "Firm". 1. The Agency and OSA desire to engage the Firm to render certain professional services described within this contract and in the attached Audit Services Schedule with respect to the Agency's fiscal year 2016 and 2017 financial statements. 2. The Firm shall receive as compensation as an independent contractor for the described auditing services a fee not to exceed the amount listed below for each fiscal year's audit plus any amount authorized by a duly executed amendment as provided in paragraph 14 of this contract. Said fee is fixed but is based on an average for each hour of work performed for services rendered pursuant to this contract as listed below. Fiscal Year 2016- audit contract price $48,290.00; per hourly rate $128.75 Fiscal year 2017 - audit contract price $49,750.00; per hourly rate $132.65 Said fees are based on the expectation that the Agency's accounting records are complete and up-to-date and that the Agency will provide, on a timely basis, audit schedules and supporting information, including communication of all significant accounting and financial reporting matters, as well as clerical assistance as is normal and reasonable in the circumstances. If such records, schedules, etc., are not provided or other unforeseen conditions or events arise, the Firm will confer with the Agency and OSA to mutually revise the fee to reflect the additional effort required of the Firm to achieve its objectives. 3. The State of Mississippi requires the Firm to submit invoices electronically throughout the term of the agreement. Vendor invoices shall be submitted to the Agency using the processes and procedures identified by the State. Payments by the Agency using Mississippi Accountability System for Government Information and Collaboration (MAGIC) shall be made and remittance information provided electronically as directed by the State. These payments shall be deposited into the bank account of the Firm's choice. The Firm understands and agrees that the State is exempt from the payment of taxes. All payments shall be in United States currency. The Firm's invoices will outline the work performed and the number of hours worked. The Agency will pay ninety percent (90%) of each invoice and will retain the remaining ten percent (10%) until final payment is made. The Agency will pay such invoices in accordance with the law related to timely payment for purchases by public bodies (Miss. Code ▇▇▇. Section 31-7-301 et seq., Rev.1990). The final

CONTRACT FOR PROFESSIONAL SERVICES. This Contract, entered into as of this 30 day of DecemberJune, 20162020, by and between the Mississippi Department of Public SafetyDevelopment Authority, hereinafter referred to as the "Agency," the Office of the State Auditor, hereinafter referred to as the "OSA", and BKDCliftonLarsonAllen, LLP, hereinafter referred to as the "Firm". 1. The Agency and OSA desire to engage the Firm to render certain professional services described within this contract and in the attached Audit Services Schedule with respect to the Agency's fiscal year 2016 2020, 2021, and 2017 2022 financial statements. 2. The Firm shall receive as compensation as an independent contractor for the described auditing services a fee not to exceed the amount amounts listed below for each fiscal year's audit plus any amount authorized by a duly executed amendment as provided in paragraph 14 13 of this contract. Said fee is fixed but is based on an average for each hour of work performed for services rendered pursuant to this contract as listed below. : Fiscal Year 2016- audit contract price 2020 - $48,290.00; per hourly rate 100,000 Fiscal Year 2021 - $128.75 100,000 Fiscal year 2017 Year 2022 - audit contract price $49,750.00; per hourly rate $132.65 100,000 Said fees are based on the expectation that the Agency's accounting records are complete and up-to-date and that the Agency will provide, on a timely basis, audit schedules and supporting information, including communication of all significant accounting and financial reporting matters, as well as clerical assistance as is normal and reasonable in the circumstances. If such records, schedules, etc., are not provided or other unforeseen conditions or events arise, the Firm will confer with the Agency and OSA to mutually revise the fee to reflect the additional effort required of the Firm to achieve its objectives. 3. The State of Mississippi requires the Firm to submit invoices electronically throughout the term of the agreement. Vendor invoices shall be submitted to the Agency using the processes and procedures identified by the State. Payments by the Agency using Mississippi Mississippi.Accountability System for Government Information and Collaboration (MAGIC) shall be made and remittance information provided electronically as directed by the State, if applicable. These payments shall be deposited into the bank account of the Firm's choice. The Firm understands and agrees that the State is exempt from the payment of taxes. All payments shall be in United States currency. The Firm's invoices will outline the work performed and the number of hours worked. The Agency will pay ninety percent (90%) of each invoice and will retain the remaining ten percent (10%) until final payment is made. The Agency will pay such invoices in accordance with the law related to timely payment for purchases by public bodies (Miss. Code ▇▇▇. Section 31-7-301 et seq., Rev.1990). The finalfinal payment, including retained amounts, shall be made after completion and acceptance ofthe audit services. In no instance will a payment be made in excess of the contract amount. 4. a. The auditing services will be made in conformity with the following guidelines and regulations: i. The Firm has the responsibility to conduct and will conduct the audit of the Agency's financial statements in accordance with auditing standards generally accepted in the United States of America and the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, with the objective ofexpressing an opinion as to whether the presentation of the financial statements that have been prepared by management of the Agency, conforms with U.S. generally accepted accounting principles. ii. Special items or reports prescribed by the OSA as set forth in the attached Audit Services Schedule. iii. Compliance with applicable state laws as set forth in the attached Audit Services Schedule. iv. Statements of financial accounting standards as prescribed by the Governmental Accounting Standards Board.