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A TRUE COPY <br /> CERTIFICATION ON LAST PAGE <br /> J . IR . SMITH , CLERK <br /> 4. COMPENSATION AND PAYMENT <br /> A. The total estimated Project cost is ONE MILLION NINE HUNDRED THOUSAND DOLLARS <br /> AND NO CENTS ($ 1 , 900 , 000 . 00 ). The DEPARTMENT will fund 75% of the estimated cost of the <br /> Project which is ONE MILLION FOUR HUNDRED TWENTY FIVE THOUSAND DOLLARS AND NO <br /> CENTS ($ 1 ,425 , 000 . 00 ) , for the Construction and CEI services of the Project. The COUNTY shall be <br /> responsible for all costs in excess of the DEPARTMENT' s participation . The COUNTY'S matching <br /> participation is in the form of Local (COUNTY) funds equal to 25 % of the Project costs plus the <br /> remaining portion of the accepted bid amount that exceeds the DEPARTMENT's participation . <br /> However, in the event the total Project cost is less than the estimated Project cost stated above , the <br /> DEPARTMENT shall only pay 75% of the lesser amount and all remaining costs of the Project will be <br /> paid by the COUNTY. <br /> Be The COUNTY acknowledges and agrees that funding for this Project may be reduced upon <br /> determination of the award amount and execution of an Amendment. <br /> In the event the final Project cost is less than ONE MILLION NINE HUNDRED THOUSAND <br /> DOLLARS AND NO CENTS ($ 1 , 900 , 000 . 00 ) then the balance may be paid to the COUNTY at the <br /> sole discretion of the DEPARTMENT for CEI Services . <br /> C . The COUNTY will only be reimbursed for direct costs as shown in Exhibit B (this excludes <br /> general and administrative overhead ) . All costs charged to the Project shall be supported by properly <br /> executed payrolls , time records , invoices , contracts or vouchers evidencing in detail sufficient to the <br /> DEPARTMENT the nature and propriety of the charges . <br /> D . The COUNTY shall provide quantifiable , measurable , and verifiable units of deliverables . <br /> Each deliverable must specify the minimum level of service to be performed and the criteria for <br /> evaluating successful completion . The deliverables forthis Project are shown in Exhibit B , Pay Items . <br /> E . The COUNTY will need written approval from the DEPARTMENT , if deviating from the Items <br /> and/or CEI Classifications shown in Exhibit Be <br /> F . The COUNTY shall submit one invoice (4 copies ) in detail sufficient for pre-audit and post- <br /> audit thereof, based on the quantifiable , measurable , and verifiable units of deliverables as <br /> established in Exhibit B , plus supporting documentation required by the DEPARTMENT , to the <br /> Project Manager for approval and processing on a quarterly basis . <br /> G . Upon submission of a quarterly invoice , the Department's Project Manager will notify the <br /> DEPARTMENT's local Operations Engineer to inspect and verify that services by the County has met <br /> or does not meet the Department's standards/minimum level of service . <br /> H . Deliverables must be received and accepted in writing by the Department's Project Manager or <br /> designee prior to any reimbursement. <br /> Supporting documentation must establish that the deliverables were received and accepted in <br /> writing by the COUNTY and that the required minimum level of service to be performed based on the <br /> criteria for evaluating successful completion as specified in Paragraph F has been performed . <br /> Page 3 <br />