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2.2 EQUIPMENT REQUIREMENTS A. Provide complete operational parking system with all necessary components. It is Proposer's sole responsibility to provide every component necessary for a complete functioning system. IPS complies. IPS will be providing the City of Redwood City a completely functioning system. B. Stock: Furnish operating stock items prior to commencement of operational testing. Unit prices in proposal shall be valid through end of warranty period for purchase of additional stock items, Consultant shall provide samples for City approval prior to final order of any item that is custom printed. City will provide camera-ready artwork for logos as applicable. IPS will comply. C. Spare Parts: Furnish spare components and parts, complete and ready to use, prior to commencement of operational testing and maintain inventory of spare components at this level as components are used during warranty period. After expiration of warranty period, City will pay for replacement of parts used from this inventory and not covered by warranty. IPS will comply. 1. The Proposer shall recommend a supply list of spare parts to support MSM installations, and provide a complete parts list with prices and the expected life of major components. The Proposer shall also specify how quickly parts can be delivered. IPS provides all spare parts services and inventory based in San Diego, CA which translates into quick response times for the City of Redwood City. While we recommend that the City maintain an on-site inventory of spare parts, our San Diego based facility ensures that spare parts are immediately available for the City at any time. Ground shipments generally will take approximate one-two business days from San Diego to Redwood City, and our turnaround time upon receipt is 3-5 business days. Please see Cost Proposal for Spare Parts Pricing. 2. The Proposer shall describe the percentage discount from standard price list it shall offer the City on all available spare parts during the contract period. This discount shall survive the expiration of the contract so long as the Proposer's meters are in use in the City. The Price List that IPS is submitting is already inclusive of any discounts. IPS spare parts pricing is already well under competitive market pricing. We shall hold the submitted pricing as per the City requirements. 2.3 MULTI-SPACE METERS A. Operational Description 1. Cash Payments: Each MSM machine shall enable patron to key in parking space number by pushing the appropriate keys on the machine. Machine shall accept payment of parking fees by paper currency ($1, $5, $10, $20) and one dollar, half-dollar, quarter, dime, and nickel coin (U.S. currency). One— third of the city's pay stations have bill acceptors and two-thirds have coin and credit card only. Any solution should consider both options. As each bill or coin is inserted into machine, machine shall display amount inserted until flat rate amount is satisfied. Machine shall issue a receipt for parking fee paid upon pressing of receipt button by patron Machine shall have a memory system which stores data from each transaction, including parking space number, amount paid, and time purchased. Machine will not provide change. IPS complies. The MS 1 accepts payment by bank note and coin. Please see pricing for optional bill note acceptor (BNA). 2. Non-Cash Payment Options: The MSM shall accept and process the following non-cash payment options: credit card, debit cards, and smartphone and/or NFC. REV: 05-05-16 JS Page 78 of 177 ATTY/AGR.2016.094/IPS Group