COST AND SCHEDULE OF PAYMENTS Sample Clauses

COST AND SCHEDULE OF PAYMENTS. The State shall pay the Contractor a total sum not to exceed for services performed under this Contract. The Contractor shall be compensated for fees based upon work performed, documented, and accepted by the State. The Contractor shall submit invoices on a periodic basis, not less often than monthly. Invoices shall, at a minimum, include the Contractor name, the Contract Number, the last four digits of the Contractor’s Federal Employer Identification Number or Social Security Number, the billing period, and an itemization of expenses by line item. Invoices for deliverables shall include an identification of the deliverable; if printed material, a copy of the deliverable; and the date that the deliverable was provided to the State. Invoices for services billed by the hour shall include the name and title of the individual providing the services, the dates worked, the number of hours worked each day with a brief synopsis of the work performed, the rate being charged for the individual, and the total cost for that person’s work during the billing period. Invoices for expenses, if allowed, shall include a detailed account of expenses specifying the day when and purpose for which they were incurred as well as all receipts, invoices, bills and other available documentation or if no documentation is available, a detailed accounting of the computation used to determine the reimbursable cost, as evidence of the actual cost of such expenses. Such expenses may include, but are not limited to: mileage at current State approved reimbursement rate; costs of travel including coach airfare and hotels; and office expenses such as, phone calls, copying, postage and package delivery incurred in connection with the service pertaining to this Contract. All expenses will be reimbursed at cost. The State shall assume no liability for payment for services under the terms of this Contract until the Contractor is notified that the Contract has been accepted by the contracting agency, and if applicable, approved by OPM, the Department of Administrative Services and/or by the Attorney General of the State.

COST AND SCHEDULE OF PAYMENTS. I. The CONTRACTOR shall ▇▇▇▇ according to the fee schedule shown in Table 1. CONTRACTOR shall ▇▇▇▇ for each individual assigned to the engagement based on hours worked. II. The CONTRACTOR’s standard hourly rates exclude any expenses for travel. Travel expenses will be billed at cost. The rates included in Table 1 are the rates effective for this scope of work. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ President 220 $ 246 ▇▇▇▇▇ ▇▇▇▇ Senior Consultant 464 $ 220 ▇▇▇▇▇ ▇▇▇▇▇ Senior Consultant 467 $ 220 ▇▇▇▇ ▇▇▇▇▇▇▇ Senior Consultant 48 $ 246 ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ Senior Consultant 43 $ 246 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Senior Consultant 82 $ 157 ▇▇▇▇ ▇▇▇▇▇▇ Senior Consultant 199 $ 157 ▇▇▇▇▇▇▇▇ Trinity Senior Consultant 142 $ 157 TOTAL LABOR COST $347,737 Estimated Travel Costs $ 8,476 GRAND TOTAL $363,445 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ President 11% ▇▇▇▇▇ ▇▇▇▇▇ Senior Consultant 29% ▇▇▇▇▇ ▇▇▇▇ Senior Consultant 29% ▇▇▇▇ ▇▇▇▇▇▇▇ Senior Consultant 2% ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ Senior Consultant 2% ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Senior Consultant 4% ▇▇▇▇ ▇▇▇▇▇▇ Senior Consultant 10% ▇▇▇▇▇▇▇▇ Trinity Senior Consultant 7% TOTAL FIXED PRICE $363,445 III. The AGENCY shall pay the CONTRACTOR a total sum not to exceed $363,445.00 for services performed under this Agreement, including direct expenses incurred by CONTRACTOR. Expenses may not exceed 3% of the total amount of fees and expenses invoiced over the term of this Agreement. During the course of this Agreement the CONTRACTOR may increase or decrease the resources assigned from the projections listed in Table 1 in order to accomplish the scope of work within the total not to exceed amount, provided that the projected percentage assignments of ▇▇. ▇▇▇▇▇ and ▇▇. ▇▇▇▇ decrease by more than 2% of the allocated percentages in Table 2.

COST AND SCHEDULE OF PAYMENTS. 6.1 Payment Provisions The STATE shall pay the CONTRACTOR an amount not to exceed $250,000.00 to cover staff costs and other expenses associated with actively participating in the scope of work as detailed in A. Sections 5.1 and 5.2

COST AND SCHEDULE OF PAYMENTS. State of Connecticut is exempt from paying Federal Excise and CT Taxes per Conn. Gen. Stat. § 12-412. Payment shall be made as follows:

COST AND SCHEDULE OF PAYMENTS. Do, conduct, perform or cause to be performed in a satisfactory and proper manner as determined by the Commissioner of Environmental Protection, all work described in Appendix A, which is attached hereto and made a part hereof. Appendix A consists of four (4) pages numbered A-1 through A-4 inclusive. Continued on Page 3 of 4, which is attached hereto and made a part hereof. (Page 2 of 4 is the reverse side of this sheet)

COST AND SCHEDULE OF PAYMENTS. A. The amount payable to the Contractor for the financial statement audits performed pursuant to this Agreement for each institution and its System Office shall not exceed the applicable maximum forth below: B. In addition, the Contractor will bill for out of pocket expenses. Out of pocket expenses will include reasonable lodging, meals, mileage and parking. With respect to applicable expenses, reimbursement shall be made by CSCU based on the then- current General Services Administration (GSA) Meals and Incidental Expenses guidelines. C. For any additional accounting, auditing, and management advisory services as may be provided under this contract, the Contractor shall be paid at the rates set forth below: Partner/Principal $425.00-$450.00 $595.00-$630.00 $410.00-$510.00 Managing Director $400.00-$425.00 $575.00-$600.00 $410.00 -$510.00 Senior Manager $325.00-$350.00 $500.00-$540.00 $265.00-$435.00 Manager $280.00-$300.00 $440.00-$470.00 $160.00-$355.00 Senior Associate $235.00-$260.00 $330.000-$375.00 $160.00-$355.00 Associate $125.00-$150.00 $225.00-$240.00 $160.00-$355.00 Blended rate $130.00 ▇. ▇▇▇▇▇▇▇ and Payment Schedule: The financial statement audit fixed fees and internal charges will be billed to CSCU as follows for each year: CSU CCC COSC May 1 $50,000 $40,000 $40,000 June 1 $90,000 $60,000 September 1 $40,000 $30,000 November 1 $30,000 $20,000 December 1 Balance of fees and expenses 1. Out of pocket expenses will be billed at June 1, September 1, November 1 and again at issuance of the final report. A detailed schedule listing the itemized expenses will be provided to CSCU along with each invoice. 2. The maximum amount the Contractor shall be paid for additional accounting, auditing, management advisory services and out of pocket expenses shall be $1,000,000.00 as expressly approved in writing by CSCU. 3. Payment shall be made within forty-five (45) days of receipt and acceptance of a properly rendered invoice. Individual purchase orders may be issued by CSCU and/or by the institutions comprising CSCU during the term of this Agreement. CSCU reserves the right to cancel or amend any purchase order within five (5) days of issuance or five (5) days prior to delivery date. The parties agree that should the terms of any purchase order or invoice issued in connection with this Agreement conflict with the terms of this Agreement, the terms of this Agreement shall prevail. 4. CSCU shall assume no liability for payment for services under the terms of t...

COST AND SCHEDULE OF PAYMENTS. The State is exempt from paying federal excise and Connecticut taxes per Conn. Gen. Stat. §12-412. Payment shall be made as follows: 4.1 For the Goods and/or Services outlined in Section 2.1 Contractor’s Responsibilities, UCHC shall pay the Contractor an amount not to exceed $MAXIMUM PAYABLE AMOUNT over the term of the Contract by check within thirty (30) Calendar Days from the date of UCHC’s receipt and approval of Contractor’s invoice and verification of Services performed and/or Goods delivered. 4.2 Subject to Section 4.1, payments under this Contract shall be scheduled in accordance with the following itemized list: PAYMENT SCHEDULE.

COST AND SCHEDULE OF PAYMENTS