Reso 2016-2553 - 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 4. TERM. Subject to the provisions relating to the termination of this Agreement as set forth hereunder, the term of this Agreement shall begin from issuance of a Notice to Proceed from the City Manager or his designee and the Services shall be required to be completed no later than One Hundred Twenty (120) days thereafter. Contractor acknowledges that compliance with the commencement and completion schedule is the essence of this Agreement. 5. COMPENSATION. The Contractor agrees to provide the desired Services to the City in a total amount not to exceed Two Hundred Seven Thousand Five Hundred Sixty Dollars and Forty Six Cents($207,560.46).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" and under the following conditions: a. Disbursements. There are no reimbursable expenses associated with this contract. b. Payment Schedule. Invoices received from the Contractor pursuant to this Agreement will be reviewed by the initiating City Department. Payments shall made only after completion of each quarterly service period. 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 paid in accordance with the State of Florida Prompt Payment Act. The City will pay properly submitted Contractor invoices within 30 (thirty) days of receipt, for completed and accepted deliveries or specified services and/or goods, unless the City notifies the Contractor in writing of the dispute, before the payment is due. c. Retainage and Withholding of Payment. Ten percent(10%)of all monies earned by Contractor shall be retained by the City up to Sixty (60) days after completion of Services, receipt of closeout documents, and acceptance by the City. Any interest earned on retainage shall accrue to the benefit of City. The City may withhold, in whole or in part, payment to Contractor to such extent as may be necessary to protect itself from loss on account of: i. Defective work not remedied by Contractor; ii. Claims filed or reasonable evidence indicating probable filing of claims by other parties against Contractor or the City because of Contractor's performance; iii. Failure of Contractor to make payments properly to sub-contractors or for material or labor; or iv. Failure of Contractor to comply with any other provision of this Agreement. 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. C1415-076-SAFEWARWE, INC.