Reso 2014-2238 - Laserfiche WebLink

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City of Sunny Isles Bench 18070 Collins Avenue, Sunny Isles Beach, Florida 33160 (305) 947 -0606 phone (305) 949 -3113 Fax 4. COMPENSATION. As the entire compensation under this Agreement and during the terms of this Agreement, in whatever capacity rendered, the City shall pay Contractor an amount not to exceed Twenty Eight Thousand Eight Hundred Twenty Five Dollars ($28,825.00) for the performance of the stated Services. Payment to Contractor for all charges and tasks under this Agreement shall be in accordance with this Agreement and the schedule of charges reflected in Attachment "A ", which fee shall be disbursed on a monthly basis and under the following conditions: a. Disbursements. Reimbursable expenses associated with this Agreement shall be in accordance with the Contractor's scope attached hereto as Attachment "A ". b. Payment Schedule. Invoices received from the Contractor pursuant to this Agreement will be reviewed by the initiating City Department. If Services have been rendered in conformity with the Agreement, the invoice will be sent to the Finance Department for payment. Invoices must reference the contract number assigned hereto. Invoices will be due and payable thirty (30) calendar days after the date on which the invoice is stamped as received by the initiating City Department. Payment shall be made only for approved invoices. C. Reservation of payment rights. The City retains the right to delay or withhold payment for Services which have not been accepted by the City. Notwithstanding any provision of this Agreement to the contrary, City may withhold, in whole or in part, payment to the extent necessary to protect itself from loss on account of inadequate or defective work which has not been remedied or resolved in a manner satisfactory to the City Manager or his designee, or based on failure of Contractor to comply with this Agreement. The amount withheld shall not be subject to payment of interest by City. d. Availability of Funds. The City's performance and obligation to pay under this Agreement is contingent upon an annual appropriation for its purpose by the City Commission. e. Final Invoice. In order for both parties herein to close their books and records, the Contractor will clearly state "final invoice" on the Contractor's final /last billing to the City. This certifies that all services have been properly performed and all charges and costs have been invoiced to the City. Since this account will thereupon be closed, any other additional charges, if not properly included on this final invoice, are waived by the Contractor. It is acknowledged and agreed by Contractor that this amount is the maximum payable amount under this Agreement and constitutes a limitation upon the City's obligation to compensate Contractor for their Services. This maximum payable amount, however, does not constitute a limitation, of any sort, upon Contractor's obligation to perform all items of work required by, or which can be reasonably inferred, from the Services. This maximum payable amount includes reimbursement of all expenses of Contractor related to the Services. Contractor shall make no other charges to the City for supplies, labor, taxes, licenses, permits, overhead or any other 2