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Agmt17 Paymentus Corporation
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Agmt17 Paymentus Corporation
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Last modified
5/8/2017 1:17:33 PM
Creation date
5/8/2017 1:16:11 PM
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Agreement
Contractor Name
Paymentus Corporation
PROJECT NAME
Amaneded and Restated Agmt for Professional Services
RMP File Number
304
Date
4/1/2017
MO Ref
17-070
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3. Term. Unless earlier terminated, the term of this Agreement will be effective for a <br />period of two years from the date first above written. The City Manager may amend the <br />Agreement to extend it for additional year in an amount not to exceed $33,000 per year. <br />Extensions will be based upon a satisfactory review of Consultant's performance, City <br />needs, and appropriation of funds by the City. The parties will prepare a written <br />amendment indicating the effective date and length of the extended Agreement. <br />4. Schedule. Consultant will adhere to the schedule set forth in Exhibit "A", provided, <br />that City in its discretion may grant reasonable extensions of time for the performance of <br />such services occasioned by unusually lengthy governmental reviews of Consultant's <br />work product or other unavoidable delays occasioned by circumstances; provided, <br />further, that such unavoidable delay will not include strikes, lockouts, work stoppages, or <br />other labor disturbances conducted by, or on behalf of, Consultant's officers or <br />employees. <br />Consultant acknowledges the importance to City of City's project schedule and agrees to <br />use its best professional efforts to meet the schedule. City understands that Consultant's <br />performance must be governed by sound practices. <br />5. Time is of the Essence. Time is of the essence for each and every provision of <br />this Agreement. <br />6. Compensation. City shall pay to Consultant an amount not to exceed sixty six <br />thousand Dollars ($66,000) for the completion of all the work and services described <br />herein, which sum shall include all costs or expenses incurred by Consultant, payable as <br />set forth in Exhibit B, attached hereto and made a part hereof by reference. If the City <br />Manager extends the agreement pursuant to Section 3 above, the aggregate amount <br />payable under the Contract shall increase from $66,000 to $99,000. The costs and <br />expenses during such an extended term shall be as set forth in Exhibit B. <br />6.1 An application for payment form must be submitted to City which shall <br />include the following: a clear, detailed invoice reflecting work being billed for, a summary <br />sheet showing hourly rates, hours worked, percentage of work completed to date, <br />amount/percent billed to date and current status of all tasks within a project; any/all <br />backup documentation supporting the above items. Work schedule updates must also be <br />included with the payment requests. <br />6.2 Consultant shall maintain adequate records and shall permit inspection and <br />audit by City of Consultant's charges under this Contract. Consultant shall make such <br />records available to City during normal business hours upon reasonable notice. Nothing <br />herein shall convert such records into public records, and they will be available only to <br />City and any specified public agencies. Such records shall be maintained by Consultant <br />for one (1) year following completion of the work under this Contract unless a longer <br />period of time is required by state or federal law, in which event Consultant shall retain its <br />records for the time required by such laws. <br />ATTY/AGR/2017.080/PAYMENTUS - IVR <br />REV: 04-10-17 JS Page 2 of 14 <br />
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