Reso 2024-3733 - Laserfiche WebLink

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City of Sunny Isles Beach 18070 Collins Avenue, Sunny Isles Beach, Florida 33160 (305) 947-0606 phone (305) 949-3113 Fax 5. COMPENSATION. During the term of this Agreement, the City shall pay Contractor for Services performed under this Agreement One Million Sixty -One Thousand Ninety -Three Dollars and Two Cents ($1,061,093.02), plus One Hundred Six Thousand One Hundred Nine Dollars and Thirty -Two Cents ($106,109.32) for contingency, if necessary, and Four Thousand Five Hundred Thirty -Two Dollars and No Cents ($4,532.00) for a two (2) year Preventative Maintenance Program resulting in a total not -to -exceed amount of One Million One Hundred Seventy -One Thousand Seven Hundred Thirty -Four Dollars and Thirty -Four Cents ($1,171,734.34). Payment to Contractor for all charges and tasks under this Agreement shall be in accordance with the Contract Documents under the following conditions: A. Disbursements. There are no reimbursable expenses associated with this contract except for expenses approved by the City Manager. B. Payment Schedule. Payment to Contractor of the sum set forth herein shall be allocated based upon the following: Deposit(5%)..........................................................$53,054.65 Retainage(5%).......................................................$53,054.65 The Deposit will be due to Contract within ten (10) days from the execution of this Agreement by all Parties. Thereafter, invoices received from the Contractor pursuant to this Agreement will be reviewed by the initiating City Department. Invoices must reference the contract number assigned hereto. Invoices will be paid in accordance with the State of Florida Prompt Payment Act. The City will pay properly submitted Contractor invoices following each monthly period within 30 (thirty) days of receipt, for completed Services and accepted deliveries, unless the City notifies the Contractor in writing of the dispute, before the payment is due. C. 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. If the City should not appropriate or otherwise make available funds sufficient to purchase the Services procured pursuant to this Agreement, the City may unilaterally terminate any and all contractual or other obligations herein without any further liability or penalty upon twenty (20) days' notice to Contractor. D. 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. City shall pay for all applicable permits. Otherwise, Contractor shall make no other charges to the City for supplies, labor, taxes, licenses, overhead or any other expenses or costs unless any such expense or cost is incurred by Contractor with the prior written approval of the City. If the City disputes any charges on the invoices, it may make payment of the uncontested amounts and withhold payment on the contested amounts until they are resolved by agreement with Contractor. Contractor shall not pledge the City's credit or make it a guarantor of payment or surety for any ADVANCED ROOFING INC., D/B/A ADVANCED GREEN TECHNOLOGIES