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Agreement forAgreement ARTICLE 4 - COMPENSATION 4.01 The SWDD shall pay the CONTRACTOR for the performance of this Agreement in accordance with the Bid Documents, subject to annual price adjustments as set forth in Section 4.04 (if approved by the County Administrator or designee) or by an approved amendment by the SWDD Board, the total amount in current funds being as follows (the "Compensation"): SIZE OF CONTAINER(S) # OF CONTAINERS* UNIT COST TOTAL COST 64 -gallon 244 $25.00 $6,100.00 2 cu yd 2 $40.00 $80.00 6 cu yd 1 $124.00 $124.00 8 cu yd 4 $166.00 $664.00 Specialty Service 6 $75.00 $450.00 Total Price/Month $7,418.00 * See attached Exhibit A for specific locations. 4.02 Once each month payments shall be made during the term of the Agreement in the amount due on the invoice. Contractor shall submit an invoice to the SWDD Project Manager no later than the 101h day of each month for the previous month's recycling services. Payment to the Contractor shall be made for all undisputed amounts on or before the thirtieth (30th) calendar day or 20 business days of the SWDD's receipt of the invoice, whichever occurs later, upon verification by SWDD of the invoice submitted. The SWDD may reject the application in writing which shall specify the deficiency and the action necessary to correct the deficiency. Payment shall be due 20 business days after the SWDD's receipt of a corrected invoice. 4.03 The SWDD shall pay the CONTRACTOR through payments issued by the County Finance Department in accordance with the Local Government Prompt Payment Act of the Florida Statutes, upon receipt of the invoice from the SWDD Managing Director. The parties agree, however, that any payments withheld as liquidated damages or for any other reason allowed by this Contract, shall not be governed by the Local Government Prompt Payment Act. 4.04 Rate Adjustment A. All unit prices shall remain the same through September 30, 2020. B. Contractor may request an annual rate adjustment. Such request must be submitted in writing to SWDD no later than April 30th of the year in which Contractor would like the rate adjustment to go into effect. Such rate adjustments are subject to approval by the County Administrator or his designee. If approved, the rate adjustment would become effective October 1 of that year. C. If a rate adjustment is requested, the calculation shall be made as specified in Exhibit B and shall not exceed three percent (3%). Page 2 of 13