4/12/1988 - Laserfiche WebLink

Home Browse Search

r ADDENDUM 2 TO AGREEMENT FOR PROFESSIONAL SERVICES Indian River County, Florida, hereinafter referred to as "County", and Coopers & Lybrand, Certified Public Accountants, a partnership authorized to do business in the State of Florida, agree to this Addendum to the Agreement for Professional Services entered into by the County and Coopers & Lybrand on July 21, 1987, as follows: Section 6 of the Agreement for Professional Services states that the County may request other additional services under the agreement including, but not limited to, general utility management consulting, EDP related consulting, actuarial and employee benefits consulting, and construction cost containment. On November 19, 1987, Coopers & Lybrand submitted a proposal to the County to provide utility management consulting services to develop a long-term financial plan with the assistance of the Strategic Financial Planning System (SFPS). As part of this engagement, Coopers & Lybrand will customize the SFPS software for the County and train County staff in its use. The proposal highlighted the approach to the engagement, presented the experience of Coopers & Lybrand and its personnel in performing engagements of this kind, and outlined the anticipated time requirements and fees. The County, after reviewing the proposal, has decided to proceed with the engagement, as described in the proposal. Therefore, under this Addendum to the Agreement for Professional Services, Coopers & Lybrand agrees to provide the County with the services described in the proposal dated November 19, 1987, a copy of which is attached to this Addendum. This work will begin within four weeks after execution of this Addendum and will be concluded within six months after execution of this Addendum. The fees :for this work will not exceed $45,000 plus out-of-pocket expenses -'not to exceed $5,000. Fees will be billed at the hourly rates of $170 for Partner, $140 for Director, $120 for Manager, and $90 for Consultant. Invoices will be submitted the first week of each month for all work performed during the previous month. Payment will be expected within thirty days of submission of each invoice. In accordance with Section 7 of the Agreement for Professional Services, Coopers & Lybrand will provide under this Addendum thirty of the forty hours of professional consulting services for fiscal year 1988, at no charge. This thirty hours will be deducted from the invoices submitted under this Addendum. COOPERS & LYBRAND t4e,j\,L 1 s2/.'•, t// INDIAN RIVER COUNTY, FLORIDA Approved: April 124r1988 27 ORIGINAL ADDENDUMS 1 & 2 WITH ATTACHMENTS ARE ON FILE IN THE APR 12 1988 OFFICE OF CLERK TO THE BOARD. 58 BOOK 72 F'A;E 74