Laserfiche WebLink
City of Sunny Isles Beach 18070 Collins Avenue, Sunny Isles Beach, Florida 33160 <br /> (305) 947-0606 phone (305) 949-3113 Fax <br /> EXHIBIT "C" <br /> METHOD OF COMPENSATION <br /> 1. PURPOSE. This exhibit defines the method and limits of compensation to be made to <br /> the Contractor for the services and products described and the method by which payments will be <br /> made. <br /> 2. COMPENSATION. For providing the City with the services described in this contract, <br /> the City will pay Contractor as specified in Exhibit"B" - Pricing Proposal for each monthly period, <br /> as approved and invoiced. The allowability of compensation sought under this Contract is <br /> expressly made subject to the terms of this Contract, and ally pertinent Federal and State law. <br /> 3. INVOICING PROCEDURE. Contractor shall invoice the City monthly for all work for <br /> the preceding calendar month, regardless of the amount of days worked. Invoices for this <br /> agreement will be prepared by Contractor, and submitted to the City's Finance Department at: <br /> Attn: City Finance Department, City of Sunny Isles Beach, 18070 Collins Avenue, Sunny <br /> Isles Beach, FL 33160. The invoices will be supported by such information as may be required <br /> by City procedures to substantiate the charges being invoiced. The complete contract number must <br /> be listed on the submitted invoice alone with an assigned invoice number and invoice date. <br /> The City reserves the right to withhold payment for work not completed, or services completed <br /> unsatisfactorily, or work or products deemed inadequate or untimely by the City. Any payment <br /> withheld will be released and paid to Contractor promptly when work or products are subsequently <br /> performed/delivered to the City's satisfaction. Invoices received from the Contractor pursuant to <br /> this Agreement will be reviewed by the initiating. City Department and be paid within Thirty (30) <br /> days of submittal of invoice. if services have been rendered in conformity with the Agreement, <br /> the invoice will be sent to the Finance Department for payment. Invoices must reference the <br /> contract number assigned hereto. Invoices will be paid in accordance with the State of Florida <br /> Prompt Payment Act. <br /> C6199-1516-036-PASSPORT PARKING. INC. s <br /> 16 <br />