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Florida Statutes: 334.044(7) 850-035-01 PAVEMENT MANAGEMENT OGC - 02/15 Page2of22 NOW, THEREFORE, in consideration of the mutual benefits contained in this Agreement, the parties agree as follows: 1. The recitals set forth above are incorporated by this reference in this Agreement. 2. The Recipient shall furnish all services as requested in Exhibit "A" for completion of the Project. 3. The term of this Agreement shall begin upon the date of signature of the last party to sign this Agreement ("Effective Date") and continue through June 30, 2017. Execution of this Agreement by both parties shall be deemed a Notice to Proceed to the Recipient for work to begin on the Project. Any work performed prior to the execution of this Agreement is not subject to reimbursement. The estimated Project production schedule is a follows: a. Design plans contract to begin on or before N/A, and design plans to be completed by February 1, 2015 . b. Actual Construction shall begin no Tater than January 1, 2016, and be completed by June 30, 2017. 4. The Department will participate in a maximum of 75% of the actual total Project costs up to TWO HUNDRED NINETY TWO THOUSAND FIVE HUNDRED FORTY FIVE DOLLARS AND NO CENTS $292,545.00 (the maximum Department participation as set forth in Method of Compensation in Exhibit B). The Parties agree that the Department's participation may be increased or reduced upon a determination of the actual bid amounts Project by execution of a supplemental agreement. Travel costs will not be reimbursed. a. The Department agrees to compensate the Recipient for services described in Exhibit "A", and set forth in Method of Compensation in Exhibit "B". b. Unless otherwise permitted, payment will begin in the year the Project or Project phase is scheduled in the adopted work program as of the Effective Date of this Agreement. Payment will be made for actual costs incurred as of the date the invoice is submitted with the final payment due upon receipt of a final invoice. c. The Recipient shall provide quantifiable, measurable, and verifiable units of deliverables. Each deliverable must specify the required minimum level of service to be performed and the criteria for evaluating successful completion. The Project, identified as Financial Project Number 437004-1-58-01, and the quantifiable, measurable, and verifiable units of deliverables are described more fully in Exhibit "A". Any changes to the deliverables shall require written approval in advance by the Department.