Reso 2026-4012 - 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 The terms of Sections 17, entitled "Indemnification and Waiver of Liability," Section 25, entitled "Compliance with Law," Section 13, entitled "Warranty of Services," and Section 14, entitled "Defective Work," and those specifically provided for in the Contract Documents, shall survive termination of this Agreement. 5. COMPENSATION. During the term of this Agreement, the City shall pay Contractor for Services performed under this Agreement, for an amount of Eight Hundred Fifty -Five Thousand Four Hundred Eighty -Nine Dollars and No Cents ($855,489.00), plus Eighty -Five Thousand Five Hundred Forty -Eight Dollars and Ninety Cents ($85,548.90) as a contingency amount, if necessary, resulting in a total not -to -exceed amount of Nine Hundred Forty -One Thousand Thirty - Seven Dollars and Ninety Cents ($941,037.90). Payment to Contractor for all charges and tasks under this Agreement shall be in accordance with the Contract Documents, including but not limited to Section 4 of IFB No. PW 1925, 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 progress milestones: Material Delivery & Mobilization...............................$171,097.80 30% Work Completion.............................................$213,872.25 60% Work Completion .................................... ....$213,872.25 Final Inspection......................................................$213,872.25 Retainage(5%)........................................................4 $ 2,774.45 Contingency, if necessary............................................$85,548.90 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, 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. GARLAND/DBS, INC.